MARKETS
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.
The Fifth Circuit Court of Appeals on Friday suspended the RFS compliance obligations for two refineries that were denied small refinery exemptions by EPA in 2021.
Corn futures were able to rally back near the top end of the December trading range but face several technical barriers. Will last week’s USDA report be enough to help prices breakout?
March soybean futures have trended higher for 14 of the last 15 years from November 16th to January 9th.
Outside markets are firm and grain markets are softening, will this help support cattle futures on the open?