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Cattle make more new contract highs pushed by record cash and it may top that this week. Hogs see more fund selling. Grains mixed ahead of the WASDE, watching weather. Brad Kooima of Kooima Kooima Varilek has more.
Here’s been some great trading opportunities in grain markets to start the week. Here’s how things are looking ahead of today’s USDA report.
USDA’s latest Crop Progress confirms planting is just getting started across the Corn Belt, but as forecasts change to milder and drier trend, planting progress could speed up this week.
Corn and wheat higher trading weather and the WASDE, soybeans set back unable to get above $15. Cattle make new highs on record cash trade. DuWayne Bosse of Bolt Marketing has details.
According to researchers at Ohio State University, most U.S. states will experience a “limited effect” of the dispute in the short term. But the long-term could significantly impact states such as Illinois.
Both crops get a green light for planting this Wednesday and maybe even for Tuesday in central Illinois. Ferrie says let soil conditions, moisture and local weather forecasts drive your planting and tillage decisions.
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