Corn, soybeans and products end higher on profit taking, report positioning and drier extended weather. Wheat mixed on spreads and with crop concerns for spring wheat. Cattle bounce, while cotton falls ahead of report. Shawn Hackett, Hackett Financial Advisors has details.
Row Crops and Spring Wheat End Higher on Profit Taking, Report Positioning, Weather: Cattle Bounce While Cotton Falls
Corn, soybeans and products end higher on profit taking, report positioning, drier extended weather. Wheat mixed on spreads. Cattle bounce, while cotton falls. Shawn Hackett, Hackett Financial Advisors.
Related Stories
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
Darin Newsom, senior market analyst with Barchart, says the funds set the direction of the trend the problem is they have skewed the markets to the point that the real fundamentals in agriculture don’t really matter.
Mark Schultz of Northstar Commodity, says the corn market may be running out of sellers as the funds have liquidated a big chunk of their long position. However, it is too early to call a bottom with corn harvest still underway.
Read Next
Forty-three candidates are running for the House and five for the Senate with backgrounds on apple orchards, dairy farms and cattle ranches.
Commodity Market Futures
Futures prices on grains, livestock, oil and more

Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.

Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
