Markets - General
AgDay TV Markets Now: Arlan Suderman, StoneX, explains what drove the rare grain rally on Tuesday, especially in wheat.
Grains higher on fund short covering on Red Sea shipping concerns and China lowering mortgage rates. Cattle make new highs but end mixed. Hogs rally withhigher cash and cutouts. Arlan Suderman, StoneX, has more.
Cattle futures consolidate then hit new highs for the move. Hogs and grains strong on China economic news as they lower interest rates. Brad Kooima, Kooima Kooima Varilek, has more.
Soybeans see short covering, with more fund selling in corn and wheat into contract lows. Cattle make new highs for the move, can they keep going? Hogs firm but hit chart resistance. Rich Nelson, Allendale, has more.
AgDay TV Market Now: Rich Nelson with Allendale says funds keep selling despite holding the second longest short position in history.
Gulke has heard the argument that the funds hold a near-record short position in the grain and oilseed complex and will eventually need to exit those positions. However, he says it’s not that simple.
Corn and soybeans pop on shortcovering, wheat fails with a higher dollar. Cattle extend gains despite softer cash, hogs fall hitting chart resistance. Tomm Pfitzenmaier, Summit Commodity Brokerage, has details.
AgDay TV Markets Now: Darin Newsom Discusses When Grain Prices Will Find a Bottom
Grains hit new lows with more fund selling. Is there anything that can bottom the grain markets? Financial markets and crude oil ended higher. While cattle rebound despite lower cash. Darin Newsom, Barchart, has more.
Cattle drift digesting lower cash trade. Hogs reverse a lower start on strong weekly exports. Grains make new lows on USDA Ag Outlook data but soybeans bounce. Scott Varilek, Kooima Kooima Varilek, has more.