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Macroeconomic and demand concerns pressured the outside and commodity sector. Cattle saw some steady cash in NE at $292 ahead of the COF. Hogs saw profit taking. DuWayne Bosse, Bolt Marketing, has details.
AgDay TV Markets Now: Garrett Toay of AgTraderTalk says grains oversold and rally on short covering but hard to sustain during harvest.
Risk off in outside markets is causing commodity wide fund selling, plus weak grain exports are a drag. Profit taking also hits the livestock. Jeff Hoogendoorn, Professional Ag Marketing, has more.
A risk off day in outside markets has funds selling in the ag markets, plus weekly exports were poor. Livestock see profit taking, as cattle await cash. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
Oversold grains end mostly higher with short covering, but rallies are hard to sustain amidst harvest. Cattle recover after key reversals, hogs near chart breakout levels. Garrett Toay, AgTraderTalk, has details.
Corn and wheat are oversold see technical bounce early, beans try to follow. Hogs advance with higher cutouts. A deeper correction in cattle eyeing the Fed decision. Randy Martinson, Martinson Ag has more.
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, discusses the bounce off new lows in corn and how much downside risk there is in the market, plus the poor technical action in soybeans and cattle.
Corn Recovers Off News Lows, Soybeans See Fund Liquidation: Live Cattle Make News Highs Then Retreat
Grains end mixed with corn bouncing after new lows but soybeans do technical damage. Cattle lower on profit taking after contract highs. Hogs bounce but are rangebound. Oliver Sloup, Blue Line Futures has more.
Cattle recover after profit taking Monday. How high will prices go and will cash be higher again this week? Hogs bounce. Grains quietly mixed after new lows in corn. Brad Kooima, Kooima Kooima Varilek has more.
AgDay TV Markets Now: Kevin Duling, KD Investors, talks about the tight global supply of wheat and when the market will finally respect it.