Market Analysis
Low Feed Prices Make Cattle Margins Attractive
Chip Nellinger, Blue Reef Agri-Marketing, says time is running out on old crop sales.
Excess old crop supplies of corn need to be moved before a record crop is harvested. Tomm Pfitzenmaier of Summit Commodity Brokerage shares some options.
Markets will look for confirmation of record yields from the tour for direction.
Wheat sees a short covering bounce, while cattle fall with fund liquidation and lower cash.
Farmer Selling of Old Crop Corn Pushes September Into New Contract Lows
Agency Makes Adjustments to Spring Wheat Production and Acreage.
Soybeans Make New Lows But Can They Find Support at $9.50 on November?
Bears are trading the idea that big crops, get bigger. Meanwhile, cattle rebound on lower corn.
Cattle Rebound But Will the Funds Use This Strength to Liquidate Long Positions?