Markets Today
Geopolitical headlines sparked technical buying in grains and crude oil today, including Russia’s oil production cut. Argentina crop concerns push soybean meal to new highs. Tommy Grisafi of Advance Trading has more.
Grains are higher with corrective buying, but wheat puts in war premium. Crude oil, Argentina weather also supportive. Nearby live cattle are up on higher cash. Hogs mixed. DuWayne Bosse of Bolt Marketing.
Cattle strong w/higher cash of 254/160. Hogs mixed with the cash index slowly improving. Corn, soybeans supported by strong cash, SA weather, higher CO. Scott Varilek of Kooima Kooima Varilek has more.
Grains end lower as profit taking sets in with weather, CO and exports factors. Yet grains still rangebound. Livestock consolidate as cattle await cash. Chuck Shelby with Risk Management Commodities has more.
Grains see profit taking, with lower crude oil, U.S. and SA weather a factor as well as exports. What’s keeping grains at these current price levels and what could change that? The outlook w/Steve Freed ADMIS.
Corn and soybeans see 2-sided trade watching SA weather, export news. Wheat lower on the poor weekly exports. Livestock consolidate after early strength. Kevin Duling of KD Investors has details.
Grains up after minor U.S. changes in WASDE. Argentina cuts were bigger, but already priced in. Wheat saw short covering. Hogs bounced, while cattle consolidated.. John Heinberg of Total Farm Marketing.
Grains up after minor U.S. changes in WASDE. RGE cuts Argentina crops, but may be priced in. Wheat saw short covering, while hogs bounced and consolidated. John Heinberg of Total Farm Marketing. has details.
Grains higher after the WASDE with cuts in the Argentina corn and soybean crop outweighing the increase in corn and soybean ending stocks. Wheat saw very few changes. Jim McCormick of AgMarket.Net has details.
Grains are firmer ahead of the report. Soybeans and meal are the strongest on SA weather. Cattle seeing more profit taking, while hogs are lower. Michelle Rook has an update.