Grains are mixed with pre-holiday positioning and short covering in the case of wheat, plus trading weather and poor weekly exports. Cattle see profit taking and hedge pressure after hitting contract highs and watching debt ceiling talks, hogs hit contract lows. DuWayne Bosse of Bolt Marketing has details.
Profit Taking in Grains Ahead of Holiday, Watching Weather, Exports, Debt Ceiling Talks: Cattle Consolidate After New Highs
Grains mixed on pre-holiday positioning, profit taking, weather and poor weekly exports. Cattle see profit taking and hedge pressure after contract highs, hogs make contract lows. DuWayne Bosse, Bolt Marketing.
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.


