Markets Today
Grains try to hold an early technical bounce. Cattle up on COF report positioning but is the volatility topping action? Hogs see follow through profit taking. Vince Boddicker, Farmers Trading Company has more.
Grains bounce on technical buying with Thursday’s selloff overdone and outside and energy markets rebounding. Plus, cattle recover with cash steady to $1. Darin Newsom, Sr. Market Analyst with Barchart shares insights.
Macroeconomic and demand concerns pressured the outside and commodity sector. Cattle saw some steady cash in NE at $292 ahead of the COF. Hogs saw profit taking. DuWayne Bosse, Bolt Marketing, has details.
AgDay TV Markets Now: Garrett Toay of AgTraderTalk says grains oversold and rally on short covering but hard to sustain during harvest.
Risk off in outside markets is causing commodity wide fund selling, plus weak grain exports are a drag. Profit taking also hits the livestock. Jeff Hoogendoorn, Professional Ag Marketing, has more.
A risk off day in outside markets has funds selling in the ag markets, plus weekly exports were poor. Livestock see profit taking, as cattle await cash. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
Oversold grains end mostly higher with short covering, but rallies are hard to sustain amidst harvest. Cattle recover after key reversals, hogs near chart breakout levels. Garrett Toay, AgTraderTalk, has details.
Corn and wheat are oversold see technical bounce early, beans try to follow. Hogs advance with higher cutouts. A deeper correction in cattle eyeing the Fed decision. Randy Martinson, Martinson Ag has more.
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, discusses the bounce off new lows in corn and how much downside risk there is in the market, plus the poor technical action in soybeans and cattle.
Corn Recovers Off News Lows, Soybeans See Fund Liquidation: Live Cattle Make News Highs Then Retreat
Grains end mixed with corn bouncing after new lows but soybeans do technical damage. Cattle lower on profit taking after contract highs. Hogs bounce but are rangebound. Oliver Sloup, Blue Line Futures has more.