Grains End Higher Friday and For the Week: What Will it Take Beyond the Weather to Keep the Rally Going?

Grains ended higher Friday and for the week. What will it take beyond weather to keep the rally going and is the rally a gift farmers need to be selling? Tommy Grisafi with Advance Trading has analysis.

Grains ended higher Friday and for the week. What will it take beyond weather to keep the rally going and is the rally a gift farmers need to be selling? Tommy Grisafi with Advance Trading has analysis.

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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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