The risk off outside market tone has most of the grain and livestock futures lower early. Grains also seeing follow through selling this morning after poor closes yesterday and removing weather premium with better conditions in Argentina and the U.S. Southern Plains. Livestock are also lower with softer cash and cutouts. Allison Thompson of The Money Farm has more.
Risk Off Day Starts Markets Lower: Grains See Follow Through Selling After Poor Closes and Removing Weather Premium
The risk off outside markets has grain and livestock lower. Grains also seeing follow through selling after poor closes yesterday and removing weather premium. Allison Thompson of The Money Farm has more.
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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