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Grains rallied on pre-holiday fund buying, drought concerns & the BO rally. Corn and beans closed above key chart areas. Live cattle rebounded despite weaker cash, hogs mostly higher. Garrett Toay of AgTraderTalk.
Grains strong with fund buying on dry weather, Drought Monitor. How high could prices go? Cattle correcting but will we continue to hold chart support? Chip Nellinger, Blue-Reef Agri-Marketing has the answers.
Cattle still correcting, with an eye on cash. Hogs see more short covering with higher cash & cutouts. Grains up w/fund buying, dry wx, Drought Monitor expanding drought areas. Scott Varilek, Kooima Kooima Varilek.
AgDay TV Markets Now: Chuck Shelby with Risk Management Commodities discusses if corn and beans have enough weather premium and what it will take to retest Tuesday’s highs. Plus, reaction to the Fed move.
Grains lean lower on technical selling & weather, what will it take to retest Tuesday’s highs? The Fed pauses, says more hikes coming. And profit taking in cattle and hogs. Chuck Shelby, Risk Management Commodities.
Grains see pressure on weather, technical selling after hitting resistance and wheat struggles as EU prices tumble. Cattle continue to correct, with spread unwinding with hogs. Allison Thompson, The Money Farm.
Grains set back on better rains chances in the forecast and after hitting resistance. Will cattle markets keep correcting? Hogs are up but how much more upside is left? Matt Bennett, AgMarket.Net has details.
AgDay TV Markets Now: Brad Kooima of Kooima Kooima Varilek discusses the weather rally in row crops and if it can be sustained after running into chart resistance. And has the cattle market put in a short term top?
Grains up on fund buying, putting in weather premium w/drop in crop ratings, but soy products are also pushing beans. Cattle consolidate w/higher corn, hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage.
Cattle correcting today and the top may be in short term says Brad Kooima of Kooima Kooima Varilek. What will cash do this week? Has the hog rally run its course? Corn, beans rally on drop in crop ratings, weather.