Corn and Wheat Slide, While Soybeans Up Watching Brazil Weather: Cattle Extend Gains, Hogs Mixed

Corn and wheat slide no new export biz, rain in HRW areas. Soybeans and products watch Brazil weather. Cattle extend last week’s gains with ideas of steady cash, hogs mixed. Kent Beadle, Paradigm Futures, has more.

Corn and wheat slide with the lack of export biz and rain in HRW areas. Soybeans and products watch Brazil weather. Cattle extend last week’s gains with ideas of steady cash, hogs mixed waiting for a cash bottom. Kent Beadle, Paradigm Futures, has more.

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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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