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Grains continue to trade sideways looking for a catalyst to push the funds out of their short positions. Pro Farmer Editor Brian Grete says the April WASDE could provide the next piece of fresh market moving news.
Grain markets lean higher early Monday with wheat seeing a rally which is helping corn and soybeans. Kent Beadle with Paradigm Futures says live cattle are finding some support with hogs lower on profit taking.
Jon Scheve discusses historical trends to see how likely a corn rally really is.
Cattle futures were under heavy pressure on Friday, will that spill into early morning weakness or will buyers buy the dip?
The Ag Economists’ Monthly Monitor is a gauge of economists’ views on the ag economy. While outlooks have grown weaker, it’s the erosion in the future outlook that is sprouting fresh concerns.
While the expectation is for cotton acres to increase in the June acreage report, another key question is if cotton demand can continue to find footing and support higher prices.
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