Grains see short covering heading in the WASDE, but just how important is this report and how different could the results be from July or expectations? Plus, what does the Fed do with Thursday’s CPI number and will cattle continue to hold together with impending seasonal weakness? Ted Seifried of Zaner Ag Hedge has the answers.
Grains Pop Pre-Report but Will USDA Lower Yield and Where do Prices Go if They Don’t?
Grains see short covering pre-WASDE, but just how important is this report and how different could results be from July? Plus, can cattle keep shaking off seasonal weakness? Ted Seifried of Zaner Ag Hedge has answers.
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After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
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