AgDay TV Markets Now: Jim McCormick says U.S. Would Need Major Crop Problem to Overcome Poor Demand in WASDE

AgDay TV Markets Now: Jim McCormick with AgMarket.Net says the U.S. will need a major crop problem to overcome the poor demand in the June WASDE.

AgDay TV Markets Now: Jim McCormick with AgMarket.Net says the U.S. will need a major crop problem in corn and beans to overcome the poor demand in the June WASDE.

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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
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