MARKETS
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.
Live cattle and feeder cattle futures continue to consolidate with dueling fundamentals. Lean hogs were positive on the day, is a low in?
Grain markets are grinding higher in the early morning trade, thanks in part to a weakening US Dollar.
Grain markets are green in the early morning trade, in celebration of St. Patrick’s Day!
May Chicago wheat continued to bleed out yesterday, marking its lowest price since September 28th, 2021. That has brought the RSI to 29.63, which is considered to be “oversold”.
All eyes are on South America and export demand.