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Jon Scheve discusses if corn prices will rally back from the recent decline. Plus, how to make extra profit in a sideways market.
The Corn Belt will see a cooler weather pattern set in, and parts of the parched Plains will see higher chances of rain during the next couple of weeks, according to Eric Snodgrass of Nutrien Ag Solutions.
The cattle market has moved into uncharted territory. It came as a result of one of the worst droughts in history but how long will the bull market last?
Fund selling in corn w/China cancellation, beans follow w/uncertainty on biofuels tax credits & Brazil’s cheaper crop. KC, MN wheat add weather premium. Cattle softer on COF, cash. Randy Martinson, Martinson Ag.
More fund selling in corn w/the China cancellation, strong cash and spreads support beans, with wheat trading weather. Cattle set back on the bearish COF, hogs up on short covering. Michelle Rook has details.
Many analysts are looking for a lower cattle trade following Friday’s Cattle on Feed report. These are the levels to watch for: