MARKETS
July soybeans traded in an 84 1/2 cent range last week. Trading to their lowest levels since January 2022, but rebounding to post the highest closing price since May 16th.
Grain futures prices had a strong rally last week but were unable to find any follow-through in today’s trade.
Weekly overview of ag commodity markets prepared by Brugler Marketing & Management LLC. Not intended as trading advice.
A recap of what was weighing on grains last week and an updated look at how Funds are positioned.
Cattle futures (both live and feeders) had a strong finish to the week!
New crop corn futures continued to drift lower following Friday’s USDA report.
Market Watch is a weekly overview of news driving price action in the ag commodities. It is intended as informational and is not trading advice or to be used in that fashion.
Corn futures had a nice reversal in yesterday’s session but was unable to use that to their advantage following a dismal export sales report this morning.
The Cattle on Feed report was released yesterday afternoon, here’s a look at the numbers and how they compared to estimates.