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Grain markets failed against technical resistance late last week which has led to weakness to start this week’s trade. Will a holiday week and July options expiration keep play a role in price action?
Jon Scheve discusses the reasons why he doesn’t use HTA contracts.
Lean hogs and cattle futures prices had an impressive day on Friday, will that momentum spill over into strength to start this week’s trade?
We hope that President-elect Sheinbaum will realize how much agriculture matters, the value created and how helping farmers thrive can help Mexico be better too.
Grain Markets failed at resistance on Friday which has led to pressure to start this week’s trade. With Markets closed on Wednesday and July options expiration on Friday, it could setup to be an interesting week!
Chuck Shelby, Risk Management Commodities, says grains will be watching weather and gearing up for the USDA Acreage and Quarterly Stocks Reports in the week ahead.