Markets Today
Live cattle mixed to higher EOM, awaiting cash, but charts look bearish. Hogs mixed but is the correction over? Row crops firmer on short covering, higher crude oil. Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, says Row Crops and Meal See Profit Taking but Eye SA Weather, Harvest, Outside Markets
Soybeans, meal and corn fall on profit taking, watching SA weather, China export news, crude oil. Cattle and hogs extend gains, can they keep going? Chip Nellinger, Blue Reef Agri-Marketing has details.
Soybeans lower with profit taking in meal and better SA weather. That’s weighing on corn, plus lower crude oil and SRW wheat. Livestock extend gains but for how long? Kent Beadle, Paradigm Futures, has more.
Grains lower, livestock higher. But when will row crops break out of their sideways ranges? Can beans rally if corn doesn’t? When should livestock producers buy feed? We ask Jon Scheve, Superior Feed Ingredients.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, says soybeans rally with meal and talk of China sales and corn tries to follow. However, both markets have had difficulty sustaining rallies. Why?
Soybeans up w/meal and talk of China biz and corn tried to follow. Wheat saw profit taking with bearish Black Sea export news. Cattle higher with improved cash. Shawn Hackett, Hackett Financial Advisors, has more.
Cattle strong on higher cash, shake off lower equities. Hogs see more short covering. Corn & soybeans see corrective buying w/talk of China soybean biz, higher meal. Scott Varilek, Kooima Kooima Varilek, joins us.
AgDay TV Markets Now: Garrett Toay, AgTraderTalk, says corn and beans see technical selling is a risk-off market day and fade friendly export news. Wheat saw short covering after getting oversold.
Corn and soybeans lost early gains on technical selling and bearish outside markets. Wheat saw short covering. Cattle saw more fund liquidation, with more short covering in hogs. Garrett Toay, AgTraderTalk, has more.