Markets - General
From start to finish, each seven-to-10-year economic cycle is normal, but opportunity knocks with understanding and planning.
It has been an uneventful night session for grain markets. Here are some key technical levels to keep an eye on for today’s trade.
Corn has been outperforming soybeans as of late, are the tides about to turn?
The December WASDE report sent nearby March corn futures rallying to multi-week highs following a surprise cut in ending stocks and bolstered domestic export projections.
Grain markets were lower as the lack of new news has kept buyers at bay. Livestock markets came under pressure on the back of long liquidation from funds. In the outside markets, it was new all-time highs for the S&P and NASDAQ.
Grain markets struggled to find buyers in today’s trade and long liquidation was seen in the cattle complex. Here’s how the first trading day of the month shook out.
Grain markets were lower in the overnight trade after President Elect Donald Trump brought up potential tariffs on Mexico and Canada. The markets digested that news and finished the day mixed.
It was an eventful morning, particularly in the cattle complex with a big gap higher, but the market settled down shortly after the open with some contracts closing lower on the day. Grain markets were mostly mixed.
Cattle futures gap higher in Monday’s trade on the back of concern regarding beef imports from Mexico