Grains Try to Recover on Fund Buying: Livestock Strong

DuWayne Bosse, Bolt Marketing, says corn and wheat are trying to recover Tuesday with fund short covering.

are mostly higher early Tuesday, cattle and hogs are also in the green.

DuWayne Bosse, Bolt Marketing, says corn and wheat are trying to recover Tuesday with fund short covering.

Soybeans have been two sided but are getting some support from higher corn.

The market is still watching tariff and weather developments in South America.

Cattle are higher again this morning still supported by the discount to last week’s record cash.

Meanwhile, hogs are following cattle.

AgWeb-Logo crop
Related Stories
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
Jamie Gieseke with Paradigm Futures says commodities are starting to gain favor with the funds on inflation fears and that includes grains. A China deal could just add fuel to the fire.
Read Next
Fresh analysis from FAPRI finds passage of year-round E15 would bring limited near-term gains to corn prices, while SRE changes would put pressure on farm income and negatively impact soybeans.
Get News Daily
Get Market Alerts
Get News & Markets App