Markets Higher at Midsession Except Corn: Risk on, Lower Dollar, Black Sea Export Concerns Support with Funds Back in Livestock

Mostly higher markets, except corn with higher equities and a lower dollar. Black Sea tensions support. Funds buying in the livestock futures. Michelle Rook with Vince Boddicker of Farmers Trading Company.

Mostly higher markets at midday, except corn with help from outside markets and the lower dollar. Black Sea tensions rise to support wheat and even beans. Funds are back in buying in the livestock futures. Michelle Rook talks with Vince Boddicker of Farmers Trading Company.

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Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
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.
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