Cattle Continue to Consolidate Pushed by Equities, Hogs Retreat: Soybeans See Profit Taking, Corn Extends Gains

Cattle oversold, following higher equities but cautious ahead of COF. Hogs see profit taking and so do soybeans. Corn higher with wheat and Mexican export biz. Brad Kooima, Kooima Kooima Varilek, has more.

Cattle extend gains in step with a higher stock market and correcting its oversold status but cautious ahead of the COF. Hogs see profit taking and spreading against cattle. Profit taking in soybeans, but corn tries to extend gains with higher wheat and Mexican export biz. Brad Kooima, Kooima Kooima Varilek, has more.

AgWeb-Logo crop
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
Get News Daily
Get Market Alerts
Get News & Markets App