Grains Open Steady to Lower with Argentina Rains, Lower CO, Higher Dollar: Cattle Mixed, Hogs Lower

Grains open steady to lower with rains over the weekend in Argentina lower CO, higher dollar. Cattle opened mixed but look poised to move higher, with hogs lower. Tomm Pfitzenmaier with Summit Commodity Brokerage.

Grains open steady to lower with rains over the weekend in Argentina holding back soybeans and meal, but they are still in uptrends. A higher dollar and lower crude oil weigh on wheat and corn. Cattle opened mixed but look poised to move higher, with hogs lower. Tomm Pfitzenmaier with Summit Commodity Brokerage has details.

AgWeb-Logo crop
Related Stories
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
Read Next
As producers navigate financial strain and D.C. disconnect, realities such as steep input costs, trade frustrations and E15 limbo are becoming decisive factors shaping the rural vote.
Get News Daily
Get Market Alerts
Get News & Markets App