Grains Higher Still Working in Report Numbers, Weather and Higher Crude Oil: Live Cattle Extend Gains

Grains higher continuing to work in USDA Reports, weather & higher crude oil with possible OPEC production cuts. Live cattle up again after new highs Friday. Allison Thompson with The Money Farm has analysis.

Grains trade higher continuing to work in USDA Report numbers, the weather and higher crude oil with possible OPEC production cuts. Live cattle higher again after new contract highs Friday but feeders see profit taking with higher corn and hogs are also back lower. Allison Thompson with The Money Farm has analysis.

AgWeb-Logo crop
Related Stories
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.

Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
Read Next
After more than a decade of field trials, Eric Miller has found that the highest corn yields don’t necessarily maximize ROI. His work offers insights for other growers looking to improve nutrient efficiencies and protect margins.
Get News Daily
Get Market Alerts
Get News & Markets App