Grains Higher on Weather, Pre-Report, China Biz Talk: Cattle and Hogs Join the Commodity Wide Risk On Rally

Grains higher with risk on outside markets, wx, ideas of a bullish report for beans, talk of China biz. Cattle supported on breaks, with hogs pushed by higher & cutouts. Tomm Pfitzenmaier, Summit Commodity Brokerage.

Grains mostly higher on weather, anticipation of a bullish report for soybeans and talk of China soybean biz. and that is pulling up corn and wheat. Outside markets are also positive. Cattle continue to be supported on breaks with continue strong cash, with hogs pushed by higher cash and cutouts. Tomm Pfitzenmaier, Summit Commodity Brokerage.

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