Markets Now: Natural gas prices rebound Monday after hitting lows not seen in a year. Is the bottom in? John Wenzel, Senior Risk Management Consultant with StoneX has details and a look at the crude oil and diesel fuel market outlook.
Natural Gas Rebounds Monday after Hitting Lows Not Seen in A Year: Is the Bottom In?
Natural gas prices rebound Monday after hitting lows not seen in a year. Is the bottom in? John Wenzel, Senior Risk Management Consultant with StoneX has details.
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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.”
USDA ratings show that the nation’s crops lag behind Iowa’s current strong performance, while drowned-out areas and weather stress in Illinois could deliver harvest disappointments.
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