Pro Farmer’s Monday Morning Wake Up Call

Investors are taking risk off the table to start the week.

After building optimism European leaders had reached a deal to address the region’s financial troubles, there is now growing concern the plan is not aggressive enough to ease the debt crisis. As a result, investors have pushed the U.S. dollar sharply higher and removed risk. This, in turn, is putting pressure on commodities, including the grain markets. Check this link to hear the “Monday Morning Wake Up Call” provided by your Pro Farmer Editors.

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Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
November soybeans failed to close above the key $12 level and Naomi Blohm of Total Farm Marketing thinks the market may be running out of runway as Monday was mostly technical buying.
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