Grain and livestock futures mostly lower. Market digesting and seeing positioning end of quarter, pre-report, with possible government shutdown, PCE data. Is the corn market putting in a long term low? Lots to talk about with Darin Newsom, Barchart.
Markets Mostly Lower with Possible Govt. Shutdown & Positioning End of Quarter, Pre-Report: However, is Corn Forging a Long-Term Low?
Markets mostly lower. Positioning end of quarter, pre-report, possible government shutdown, PCE data. Is the corn market putting in a long term low? Lots to talk about with Darin Newsom, Barchart.
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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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