Markets Overdue for a Correction
Funds Continue to Press Corn and Beans to 3-Year Lows
North Trades Record $200 Cash Cattle
Cattle Higher Despite Lack of Cash Trade
DuWayne Bosse, Bolt Marketing, says the trade is leaning too bearish heading into the reports, but corn and soybeans have also experienced selling tied to improved weather and other factors.
Shawn Hackett, Hackett Financial Advisors, says soybeans rally with corrective buying following meal, but corn and wheat end mostly lower ahead of USDA Reports.
Ag markets are mostly lower Monday except cattle and nearby soybeans. The record cash cattle trade is trumping the bearish Cattle on Feed Report, says Scott Varilek, Kooima Kooima Varilek.