Much of the corn belt saw moisture this past week. Will this week bring more rainfall to impact the drought monitor? Cindi Clawson has the Monday AgDay forecast.
AgDay Forecast: Who Gets Moisture This Week?
AgDay Forecast: Who Gets Moisture This Week?
(AgDay)
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Darin Newsom, senior market analyst with Barchart, says it is not unexpected to see a little profit taking moving into the end of the month. However, he thinks any breaks will be bought by the trend following funds.
Jim McCormick with AgMarket.Net says the market saw massive fund buying and short covering adding war or geopolitical premium.
Scott Varilek with Kooima Kooima Varilek says the Truth Social post from President Trump that 300,000 MT of beef imports will enter the U.S. duty free over the next 90 days to lower beef prices tanked the cattle market early Friday.
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