Markets Today
The risk off outside markets has grain and livestock lower. Grains also seeing follow through selling after poor closes yesterday and removing weather premium. Allison Thompson of The Money Farm has more.
Grains ended lower on profit taking, removing weather premium. Jim McCormick of AgMarket.Net says cattle saw short covering, but weather and report positioning were also factors. Hogs continued to slide with cash.
Cattle futures higher on short covering, ahead of cash and reports, plus putting in weather premium. Hogs lower on China news, lower cash. Grains futures lower on profit taking. Brad Kooima of Kooima Kooima Varilek.
Soybeans see profit taking, with Argentina rain chances, but follow through buying in wheat pulls corn back up. Cattle seeing short covering, while hogs await a cash bottom. Randy Martinson of Martinson Ag has more.
Grains rallied after several bullish surprises in the USDA report numbers but it the news enough to keep the markets moving higher? Livestock set back in response. DuWayne Bosse with Bolt Marketing has details.
Joe Vaclavik of Standard Grain talks about poor demand for corn including exports and slow ethanol production. Will USDA make adjustments in this week’s reports?
Soybeans rally on corrective buying, dry Argentina weather. Corn tries to follow, but poor exports and lower wheat are a drag. Livestock see follow through selling. Shawn Hackett of Hackett Financial Advisors.
Soybeans higher on corrective buying, dry Argentina weather. Corn tries to follow but poor exports are a headwind. Cattle & hogs see follow through selling, trade cash. Joe Vaclavik of Standard Grain has analysis.
Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after steady cash, hogs lower following cash. Chuck Shelby of Risk Management Commodities has more.
Mostly lower closes, except wheat with the third day of fund liquidation in a risk off environment. Is the liquidation done? Ted Seifried of Zaner Ag Hedge has details.