New Crop Corn and Beans Higher Putting in Weather Premium, Cotton Rallies With China’s GDP: Cattle End Higher After Early Profit Taking

Corn and soybeans end higher but new crop leads putting weather premium. Wheat ignores crop ratings and weather, watches Black Sea news. Fund buying, strong cash supports cattle. Darren Frye, Water Street Solutions.

Corn and soybeans end higher but new crop leads putting weather premium. Wheat ignores crop ratings and weather, watches Black Sea news. Cotton rallies on China’s 4.5% jump in GDP. Fund buying, higher cutouts and strong cash support cattle. Darren Frye, Water Street Solutions has details.

AgWeb-Logo crop
Related Stories
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
Get News Daily
Get Market Alerts
Get News & Markets App