Markets - General
Grains end mixed with wheat higher for the fifth consecutive day. However, corn and soybeans don’t follow. Darin Newsom, Barchart, discusses if the fund short covering rally is about done?
Grain and livestock futures trade both sides of steady early Wednesday after testing the top side of trading ranges. Are grains ready to take a breather? Vince Boddicker, Farmers Trading Company, has details.
Lean hogs took out technical resistance which may have put an added tailwind in prices, are new highs in the cards or is this market overextended?
Yesterday marked the third straight day of gains for many of the grain markets, can the rally continue through the week?
DuWayne Bosse, Bolt Marketing, says wheat continues to pull corn and soybeans higher triggering short covering by the funds. Whether it’s the start of a bigger rally is yet to be determined.
Grains end higher for a third day on speculative short covering and corrective buying. DuWayne Bosse, Bolt Marketing, says wheat is also putting in risk premium. Can it continue to lead row crops higher?
Grain and livestock futures try to extend gains for a third day. Kent Beadle, Paradigm Futures, says there are several fundamentals driving it but technically markets have also seen strong action.
Cattle futures had a strong start to the week following Friday’s Cattle on Feed report. Monday’s trade took prices back to significant resistance levels, will they hold?
Grain markets were sharply higher in the first trading day of the week, will that strength continue in today’s trade or will resistance hold?
Jim McCormick, AgMarket.Net, says the wheat market is adding risk premium and if it keeps going corn and soybeans could follow producing a sustained fund short covering rally.