Markets Now: Ted Seifried Calls Tuesday a “Bookmark Day” with End of the Month Positioning, Looking for Direction

Grain and livestock futures end mixed after two-sided trade due to end of the month positioning. Ted Seifried of Zaner Ag Hedge called it a “bookmark day” as the market await more news.

Grain and livestock futures end mixed after two-sided trade due to end of the month positioning. Ted Seifried of Zaner Ag Hedge called it a “bookmark day” as the market awaits more news and looks for direction.

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Mike Zuzolo, Global Commodity Analytics, says grains were pressured by a host of factors including weather and fund liquidation.
Brad Kooima of Kooima Kooima Varilek says cattle futures are down with a risk off day in the ag markets. End of quarter profit taking and talk of a packer bailout is also weighing on futures.
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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