Corn

Chip Nellinger, Blue Reef Agri-Marketing says corn was able to build on Monday’s key reversals and close higher for a second day. However, without a weather problem what is the likelihood the market can sustain a rally?
Kent Beadle, Paradigm Futures, says corn and soybeans are seeing some pressure from weather and Monday’s strong crop ratings. Cattle recover with their discount to cash.
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Brad Kooima of Kooima Kooima Varilek says cattle futures are seeing some routine profit taking after hitting all-time and record highs again on Friday. Corn is seeing short covering off fresh contract lows but can it hold any gains?
Dave Chatterton, with Strategic Farm Marketing, says old and new crop corn both made new contract lows as the market faded the friendly ending stocks numbers in the July WASDE. He says the market was looking ahead with ideas of higher yields in future reports.
Jerry Gulke, president of the Gulke Group, says grains posted lower weekly closes as the markets were pressured by ideal weather and ideas of higher yields.
Corn markets faded lower old and new crop ending stocks from USDA in the July WASDE.
Live and feeder cattle futures opened lower on Friday but quickly turned higher with strong cash news according to Scott Varilek, Kooima Kooima Varilek. Grains see pressure from weather and the risk off outside market influences tied to the proposed tariff increases on Canada to 35% by Aug. 1
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