Video
Grains end mostly lower ahead of the WASDE, watching SA production, crude oil. Live cattle hit by profit taking after contract highs, with short covering in hogs. Mark Schultz of Northstar Commodity has analysis.
Cattle lower, but with is this just healthy profit taking after contract highs? Hogs try to recover after new lows. Report positioning in the grains. Brad Kooima of Kooima Kooima Varilek has analysis.
Grains mixed w/report positioning and profit taking in meal and soybeans. Wheat supported on a lower crop rating in TX. Cattle consolidate after new highs. Tomm Pfitzenmaier of Summit Commodity Brokerage has more.
Last Thursday farm state Senators reintroduced a bill that would among other things mandate the amount of cash trade in the cattle market. However, the same hurdles for passage remain in the House and Senate.
AgDay TV Markets Now: Alan Brugler of Brugler Marketing analyzes the lower day in soybeans and meal and what it will take to break corn’s sideways trading pattern.
A mixed day w/beans and meal down on profit taking, rising China tensions. Corn slightly higher but rangebound. LC made new contract highs with higher cutouts and cash. Alan Brugler, Brugler Marketing has more.
Grains mostly lower on technical selling, Arg. rain chances, China tensions rising. Cattle lean higher with lower corn, higher cash, cutouts. China news pressures hogs. Randy Martinson of Martinson Ag has more.
USDA has announced the details of their Cattle Market Contract Library Pilot Program but will it be useful in price discovery in the cattle market?
Wheat higher putting in war premium, soybeans and meal lower on profit taking and Chinese tensions. Corn is caught in the middle. Cattle consolidate, while hogs see fund selling. Kent Beadle of Paradigm Futures.
Grains, cotton mostly lower following outside markets like CO, higher dollar. However, SA weather still a focus. Livestock up with new contract highs in LC and better cash. Darin Newsom with Barchart has details.