Feeder cattle hit historic highs on USDA’s Mexico border pause due to screw worm scare, but quickly fell. Grain trade mixed ahead of key WASDE report.
Feeder cattle hit historic highs on USDA’s Mexico border pause due to screw worm scare, but quickly fell. Grain trade mixed ahead of key WASDE report.
Grain futures steady to higher in corn and wheat, soybeans weaker. Traders positioning ahead of Thursday’s CONAB and Friday’s WASDE. Cattle rallying, crude oil firmer.
Grain markets sharply lower as Trump's trade deal talk fizzles; corn and soybeans under pressure, cattle futures turn higher, while crude oil sees fluctuation amid OPEC decisions.
Grain futures rallied on trade deal rumors with China ahead of Trump’s Iowa speech but faded from highs as uncertainty tempered optimism. Wheat led the retreat.
We saw grain futures rally sharply today as rumors of a Trump-China ag deal sparked optimism, lifting soybean oil, canola, and broader commodity markets higher.
Grain futures mixed with corn hitting new lows on crop ratings, soybeans resilient after Senate tax bill news. Weak US dollar boosts export hopes. Wheat rebounds post-Fibonacci retracement, anticipating harvest demand.
June 30 brought steady market action post-acreage report with slight corn acreage surprise. Wheat and soybean stocks showed significant increases affecting futures.
Grains see lower action, wheat down significantly, corn and beans slightly lower. Export sales decline, with notable sales to Egypt. Cattle futures bounce, hogs stable, and metals recover.
Grains tumble for a third straight day as traders liquidate ahead of Monday’s June 30 USDA report and first notice day pressure forces rollover from July contracts.
Crude oil prices plunged $4 after Iran's ineffective missile launch. Grain markets followed lower amid geopolitical concerns, while cattle and hog futures showed mixed movements today.