Soybeans showed the most strength this week posting 50-cent gains.
Corn also ended positive, while wheat took a hit.
Corn and Soybeans Finish Strong
Soybeans showed the most strength this week posting 50-cent gains.
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Brady Huck with Empower Ag Trading says the grain complex removed war and weather premium, while cattle ended sharply lower in reaction to the resumption of partial cattle trade with Mexico.
Boots-on-the-ground reports from Iowa to Ohio reveal mounting disease pressure, flood-driven replanting in Indiana and a growing need for rain.
Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
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