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Corn and beans lower Friday removing SA weather premium, while wheat saw some short covering. Livestock ended higher on Friday with some end of week short covering. Arlan Suderman of StoneX Group has analysis.
Soybeans lower but wheat higher as both trade weather, corn is rangebound. Livestock see a short covering bounce. Shawn Hackett of Hackett Financial Advisors also talks about the market impact of China post-COVID.
Livestock try to recover after lower cash, ahead of USDA Reports. Grains two-sided with good weekly exports, but traders are cautious with better weather. Scott Varilek of Kooima Kooima Varilek has more.
Farm groups are taking the Environmental Protection Agency and the U.S. Army Corps of Engineers to court on the new Waters of the United States Rule.
AgDay TV Markets Now: Darren Frye of Water Steet Solutions says this week’s closes in corn and soybeans will be important for keeping the uptrends intact in these two markets.
Ag markets end lower as a risk off day in equities spills over. Grains also saw technical selling and removed weather premium. Lower cash also weighed on livestock. Darren Frye of Water Street Solutions has more.
Soybeans see more technical selling, removing weather premium, while corn and wheat stage a technical bounce. Lower equities and cash pressure livestock. Jeff Hoogendoorn of Professional Ag Marketing has more.
The risk off outside markets has grain and livestock lower. Grains also seeing follow through selling after poor closes yesterday and removing weather premium. Allison Thompson of The Money Farm has more.
AgDay TV Markets Now: Jim McCormick of AgMarket.Net talks about the reasons for the selloff in the grains on Wednesday including profit taking and traders removing weather premium.
Grains ended lower on profit taking, removing weather premium. Jim McCormick of AgMarket.Net says cattle saw short covering, but weather and report positioning were also factors. Hogs continued to slide with cash.