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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Brian Grete with Commstock Investments says grain markets posted higher closes for the month with funds pouring massive amounts of money into the complex. Are they done buying yet is the question in a new month.
Analysts Dan Basse and Chip Nellinger say $6 corn is looking likely this year. While there’s always risk as the funds post such a long position, there is another factor that could push prices past $6, and that’s tied to El Niño.
Cattle futures were trying to bounce early Monday as both live and feeder cattle are oversold after lower weekly closes says Brad Kooima with Kooima Kooima Varilek. However, he was cautious about it holding.
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