Markets Open Mixed Ahead of WASDE

Grain and livestock futures open mixed seeing profit taking and positioning ahead of the USDA’s supply and demand numbers. Michelle Rook talks with Mike Minor of Professional Ag Marketing.

Grain and livestock futures open mixed seeing profit taking and positioning ahead of the USDA’s supply and demand numbers. It is a big week for the markets. Michelle Rook explains with Mike Minor of Professional Ag Marketing.

AgWeb-Logo crop
Related Stories
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.
Read Next
From fragile Wisconsin ground to deep Illinois prairie, Andy Benson and Ryan Frieders are adapting their soil-management practices to keep inputs working effectively, yields improving and their respective farms on course for a brighter future.
Get News Daily
Get Market Alerts
Get News & Markets App