Corn and wheat close higher Friday and for the week on short covering, so can the market build on it? Profit taking hit soybeans and meal on rain chances in Brazil. Cattle and hogs see selling with lower cash and higher weights. Mike Minor, Professional Ag Marketing has more.
Corn and Wheat See More Short Covering, Profit Taking on Brazil Rain Chances Hit Soybeans: Livestock Fall With Cash and Higher Weights
Corn and wheat higher short covering. Profit taking hit soybeans and meal on rain chances in Brazil. Cattle and hogs see selling with lower cash and higher weights. Mike Minor, Professional Ag Marketing has more.
Related Stories
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
Read Next
Goliath, meet David. “It’s way past time for everyone to wake up,” says Fenn Church.
Commodity Market Futures
Futures prices on grains, livestock, oil and more

Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.

Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
