Grains Prices See Early Pressure Drug Down by Wheat and Risk Off: Livestock Mixed with Cattle Higher Anticipating Higher Cash

Grains open under pressure with a sharp selloff in wheat a drag, plus the outside markets. Cattle futures see early bounce with higher cash ideas. Michelle Rook gets details with Randy Martinson of Martinson Ag.

Grains open under pressure with a sharp selloff in wheat dragging the rest of the complex down, plus the risk off from outside markets continues. Cattle futures see early bounce with higher cash ideas supportive, while hogs correct. Michelle Rook gets details with Randy Martinson of Martinson Ag.

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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
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