Markets - General
Rich Nelson with Allendale, Inc. says several factors created a risk off day in grain and livestock including end of the month profit taking.
Grain and livestock futures all end lower in a risk off day according to Rich Nelson of Allendale. What triggered it and is this topping action in the grain markets?
Live cattle mixed early digesting last week’s record cash but will eventually make new contract highs says Brad Kooima of Kooima Kooima Varilek. Hogs try to bounce. Corn and soybeans struggle with planting progress.
Wheat makes new highs for the move and then ends well off its highs. DuWayne Bosse, Bolt Marketing, says the trend is still higher but the bull will need to be fed with more bullish news to keep going.
Cattle futures were strong to start the week as fundamentals remain firm ahead of a seasonally strong time of year, driven by firm demand.
Grain futures prices slide lower in the early morning trade. Is a “seasonal top” coming in early this year?
Wheat ends higher put off highs, so is the market getting tired? DuWayne Bosse, Bolt Marketing, says the global crop concerns may be priced in. Meanwhile soybeans fall and pull corn down.
Wheat makes new highs for the move on Russia crop concerns, while corn and soybeans struggle. Cattle are mostly higher after the COF, with hogs making new lows. Randy Martinson, Martinson Ag, has more.
Cattle futures and lean hogs were lower at the end of last week, but will seasonal strength invite buyers back into the market?
Grain markets gap higher in the overnight trade but sizzle in early morning Session.