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Grains try to recover midday with help from the reversal in outside markets. Live cattle are mixed with bullish hopes for the USDA Cattle Inventory Report. Scott Varilek of Kooima Kooima Varilek has details.
Grain and livestock traded 2-sided with end of the month positioning, profit taking & spread unwinding. However, corn & soybeans failed to take out chart resistance. Oliver Sloup, Blue Line Futures has analysis.
Grains see corrective buying end of month, hit resistance, plus risk off in outside markets. Profit taking in LC after new contract highs, while hogs continue their recovery. Rich Nelson of Allendale has more.
AgDay TV Markets Now: Matt Bennett of AgMarket.Net talks about the SA weather rally in soybeans and meal and if those markets can move higher? Plus, live cattle hit contract highs on higher cash.
Grains mostly higher with new contract highs in soybean meal putting in SA weather premium, but how high can prices go? Live cattle hit new contract highs on higher cash. Matt Bennett of AgMarket.Net has details.
Grains higher except corn, with weather concerns in South America. How much higher can soybeans go? Live cattle make new contract highs with help from higher cash. Ted Seifried of Zaner Ag Hedge has analysis.
AgDay TV Markets Now: Randy Martinson of Martinson Ag talks about Friday’s market action and how all the grains posted higher weekly closes despite improved weather in Argentina and HRW areas.
Grains close mixed Friday. Profit taking & Argentina rain weigh on soybeans, but all the grains had higher weekly closes. Cattle were up on $156 southern cash. Randy Martinson, Martinson Ag has more.
Egg prices in the store are at 50-year highs prompting a Federal Trade Commission investigation into price gouging. but one economist says it isn’t warranted.
Grains mixed after early profit taking, Argentina rains, but are working on higher weekly closes. Livestock are mostly higher on short covering, despite soft cash. John Heinberg of Total Farm Marketing has more.