WEATHER
Allison Thompson with The Money Farm says the failure was likely position squaring heading into the three day holiday plus markets ran into chart resistance and saw some profit taking.
Scott Varilek with Kooima Kooima Varilek says cattle futures were struggling early Thursday with lower cash as the packers are trying to break the market with their own inventory.
With summer patterns running up to four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
Mike Minor of Professional Ag Marketing says funds continue to sell in corn Tuesday as the trade mentality is “rain makes grain”.
Live and feeder cattle futures made new highs for the move early Monday but ended well off highs. So can the markets retest the highs?
Despite higher weekly closes last week corn futures were lower Monday morning testing support.
Models can’t yet tell you exactly when New World screwworm will reach your area. Cattle movements, weather and reporting will decide how far — and how fast — it goes.
Mark Schultz of Northstar Commodity says grain markets also saw some position squaring by traders heading into a three-day weekend as the markets are closed on Friday for Juneteenth.