Grains ended mostly higher on Friday positioning ahead of the holiday with July beans making a new contract high and scoring the highest weekly close on record on continued strong demand. Markets are still watching weather and planting progress, plus world events. Livestock futures ended mostly lower in the nearby contracts, although posting higher weekly closes. Michelle Rook talks to Alan Brugler of Brugler Marketing for analysis.
Grains Higher Livestock Leaning Lower Entering the Holiday
Grains ended mostly higher on Friday positioning ahead of the holiday.
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Joe Kooima of Kooima Kooima Varilek cattle futures have done a lot of heavy lifting the last three to four weeks with the stubborn cash market.
Chip Nellinger, Blue Reef Agri-Marketing says soybeans closed below the low set on report day on harvest, the NOPA crush figures and Brazilian production estimates.
Corn and soybeans were lower again Thursday on fund long liquidation and harvest pressure. Hogs were trying to bounce off contract lows.
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