Markets - General
Grains back lower as wheat drags down corn and soybeans and Randy Martinson, Martinson Ag, says funds are back in sell mode. Cattle are trying to bounce awaiting cash news while hogs are mostly lower again.
Corn and soybeans see double digit gains on short covering and talk of China biz says John Payne, Advance Trading, while wheat struggled. Cattle were hit by more bird flu news, hogs reversed off new lows.
Corn and soybean futures prices saw big rallies in Thursday’s trade but have so far failed to find any follow-through to the upside. Was Thursday’s trade just a relief rally or is there more upside to come?
Corn and soybeans see double digit gains on fund short covering after seven down days. John Payne, Advance Trading, says the markets were oversold and due for a correction.
Livestock futures remained under pressure in yesterday’s trade, will today be more of the same or will the lower prices spur some buying interest?
Corn, beans, and wheat have been under pressure for the last week. It are showing signs of life in the early morning trade. Is the market set up for a bigger relief rally?
Jeff Hoogendoorn, Professional Ag Marketing, says the cash and cutouts have been stagnant. So, the lean hog futures have continued to take all the premium out of the market to trade down to the index.
Grain and livestock end lower. Hogs make new lows for the move, pulling down cattle but funds are selling in livestock and back selling in grains. Jeff Hoogendoorn, Professional Ag Marketing, wraps up the day.
Corn and soybeans saw some early short covering as they are oversold but are getting drug down by wheat and fund selling says Kent Beadle, Paradigm Futures.
Livestock futures were largely lower in yesterday’s trade, along with commodities broadly. It appears some markets have stabilized, will that help cattle and hogs?