Video
The recovery continues in the grains, with a little help from weather. Is it sustainable?
The commodity markets have been concerned about recession lately and what moves the Fed takes on monetary policy from here.
Grains continue to extend recovery gains Friday morning, cattle are higher, but hogs are seeing some profit taking.
Corn Belt states like Iowa and Nebraska lead the nation in corn, ethanol and cattle production. Each benefits from the other even during these inflationary times in agriculture.
Grains all ended higher on Thursday continuing to consolidate Hogs also saw gains, with a mixed close in cattle.
Grains try to recover Wednesday after recent selloff, while livestock post strong closes.
Midday markets are showing continued recovery in grains, mixed livestock.
A mostly higher opening on Thursday in the markets.
Funds have been liquidating longs in the commodity sector on recession fears. Will that continue?
Funds liquidate in the commodities. So is there more pressure ahead?