Corn and beans see a dead cat bounce Friday but are both lower for the week and so is wheat as fund sold and took out weather and war premium. Cattle see a strong close Friday and for the week with some limited but higher northern cash. Hogs have a lower weekly close, so is that confirming a top? Mark Schultz, Northstar Commodity has more.
Dead Cat Bounce Friday in Row Crops But All the Grains Lower for the Week: Cattle Higher Following Cash
Row crops bounce Friday but all the grains are lower for the week and so are hogs. Cattle close strong Friday and for the week on the heels of better Northern Cash. Mark Schultz, Northstar Commodity explains.
August 04, 2023 02:37 PM
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
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
