Grains Gap Higher on Drop in Crop Ratings, BO Lower on EPA RFA Numbers: Cattle Consolidate with Lower Cash, Higher Corn

Grains gap higher on drop in crop ratings, fund buying, only BO is lower on the EPA RFS proposal. Cattle consolidate with higher corn, lower cash, cutouts. Hogs see profit taking. Kent Beadle, Paradigm Futures.

Grains gap higher on drop in crop ratings and fund buying, only bean oil is lower on the disappointing EPA RFS proposal. Cattle consolidate with higher corn, lower cash and cutouts. while hogs see profit taking anticipating a cash peak soon and with higher soybean meal and corn. Kent Beadle, Paradigm Futures.

AgWeb-Logo crop
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.
Get News Daily
Get Market Alerts
Get News & Markets App