Soybeans start lower on fund selling, then bounce with corn on China biz and strong cash, wheat sees short covering chasing headlines on Russia’s possible export ban. Where is the financial market headed? Livestock have been beat down on fund selling and demand concerns tied to the economy but are they close to bottoming. Darin Newsom, Sr. Market Analyst with Barchart has the answers.
Soybeans Start Lower on Fund Selling then Bounce With Corn and Wheat on Possible Russia Export Ban: Are Livestock Close to Bottoming?
Soybeans starts lower on fund selling, then follows corn up and wheat on short covering and a possible Russia export ban. Are livestock futures close to bottoming? Darin Newsom, Barchart has details.
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.


