Grains mostly higher with report positioning and spillover from a friendly CPI number, which is supporting the outside markets with crude oil higher and the dollar lower. That is also helping the hogs and live cattle are making new highs again. Allison Thompson, The Money Farm, has details and what to expect and look for in today’s WASDE.
Grain and Livestock Futures Mostly Higher on Report Positioning and Support from Friendly CPI Data
Grains mostly higher with report positioning & spillover from friendly CPI data. That’s supporting hogs and live cattle are making new highs. Allison Thompson, The Money Farm, has details and a preview of the WASDE.
July 12, 2023 09:12 AM
Related Stories
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
