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Cattle futures were strong to start the week as fundamentals remain firm ahead of a seasonally strong time of year, driven by firm demand.
Grain futures prices slide lower in the early morning trade. Is a “seasonal top” coming in early this year?
President Joe Biden said if he is re-elected, he will let former President Donald Trump’s tax cuts expire. He wants big increases/changes. . .
Wheat ends higher put off highs, so is the market getting tired? DuWayne Bosse, Bolt Marketing, says the global crop concerns may be priced in. Meanwhile soybeans fall and pull corn down.
Row crop planting has picked up considerable steam over the last week with corn acres now at 80% complete and soybeans at 68%. Both crops are ahead of the five-year average.
Argentina is on track to start long-awaited corn shipments to China from July, the country’s grain export chamber told Reuters.