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Darren Frye, Water Street Solutions, says the wheat rally came on weather and technical buying, which also helped corn and soybeans post a higher week. He’s not sure it can continue without a bigger weather issue.
Grains end mixed Friday but higher for the week led by wheat. Cattle make new highs for the move helped by stronger cash. Can the markets continue to move higher? Darren Frye, Water Street Solutions, has the answers.
Wheat continues to rally while row crops ease, all watching weather says Allison Thompson of The Money Farm. Cattle build on Thursday’s reversal on better cash news.
AgDay Markets Now: Alan Brugler Says Wheat Pulls Corn Higher but It Might Have its Own Bullish Story
Alan Brugler, Brugler Marketing says wheat, corn and cattle close higher Thursday.
Grain and livestock close mixed Thursday. Alan Brugler, Brugler Marketing says wheat rallied for a 6th day pulling along corn and may still have some upside. Cattle recover with the help of better cash news.
Cattle futures plunge again on HPAI news but Scott Varilek, Kooima Kooima Varilek says cash is holding together. Hogs fall with cattle. Corn follows wheat but may not take out the top of the trading range.
Wheat ends higher for a fifth day but Darin Newsom with Barchart thinks the rally has just about run its course and that is true for corn and soybeans as well. And HPAI headlines sink cattle...again.
Grains end mixed with wheat higher for the fifth consecutive day. However, corn and soybeans don’t follow. Darin Newsom, Barchart, discusses if the fund short covering rally is about done?
Grain and livestock futures trade both sides of steady early Wednesday after testing the top side of trading ranges. Are grains ready to take a breather? Vince Boddicker, Farmers Trading Company, has details.
DuWayne Bosse, Bolt Marketing, says wheat continues to pull corn and soybeans higher triggering short covering by the funds. Whether it’s the start of a bigger rally is yet to be determined.