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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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?
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