Markets - General
Grains faded early day strength. Dave Chatterton, Strategic Farm Marketing, says the bulls need to continue to be fed by a bigger weather story as the funds have covered a large portion of their short position.
Grain markets fade early gains, but what triggered the selloff? Dave Chatterton, Strategic Farm Marketing, says the bulls need to continually be fed for funds to keep buying.
After the three-year hiatus of down markets, grains have turned positive at least in the short-term, which is the first element of turning long-term positive.
Grains back higher today but Darin Newsom with Barchart thinks it’s mostly technical buying and seasonals. He’s doubtful the market is really concerned about U.S. or global production concerns.
Livestock futures gain ground in Tuesday’s trade, will they see follow through today?
Grains eased on Tuesday on profit taking after running into some chart resistance and Bryan Doherty, Total Farm Marketing says the markets were overbought and due for a correction.
Grains saw profit taking, farmer selling, China tariffs & higher Brazil crop estimates. Milk reversed off contract highs, while cattle rallied with lower corn, higher beef. Bryan Doherty, Total Farm Marketing, has more.
Grains see profit taking on the announcement of additional China tariffs, plus Conab raises Brazil estimates. Livestock bounce on short covering, higher products, lower feed. Kent Beadle, Paradigm Futures, has more.
Livestock futures had a rough start to the week, more pressure to come?
Grain markets mixed in the overnight trade. These are the important levels we will be keeping an eye on through today’s trade.