Grains Turn Mixed Trying to Establish Short Term Bottoms: Firmer Cash Supports LC, Milk Markets Struggle

Grains mixed after a higher start looking for support but is this bottoming action? LC trade firmer cash but cautious ahead of the COF. Milk markets struggle w/demand & supply. Bryan Doherty, Total Farm Marketing.

Grains turned mixed after the higher start with the market trying to find support but is this bottoming action? And do we have most of the bearish news priced in yet? Live cattle see support from firmer cash but are cautious ahead of the COF. Milk markets continue to struggle with demand and supply issues. Bryan Doherty of Total Farm Marketing sums it up.

AgWeb-Logo crop
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.
Get News Daily
Get Market Alerts
Get News & Markets App