Grains off lows but still seeing fund selling pressure from the macroeconomic sell off in commodities, but also a wetter extended forecast. Livestock are mostly higher extending gains from yesterday and awaiting cash direction. Joe Vaclavik with Standard Grain has more.
Grains Mostly Lower on Fund Selling, Macro Economic Selloff, Weather: Livestock Mostly Higher Extending Gains
Grains off lows but still seeing fund selling with macroeconomic sell off in commodities, and a wetter extended forecast. Livestock mostly higher except nearby live cattle. Joe Vaclavik, Standard Grain.
Related Stories
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.


