Welcome rains before heat returns
Cattle markets creep higher while Hogs sag
Grains choppy overnight ahead of aother dose of USDA numbers and fluid weather forecasts. Meats called steady, possibly firmer....dollar rebounds from being lower on the week.
Spotlight Shifts Back to Supply and Demand
A bottom might be at hand
My lean is to...
grain board shows row crops 5 higher, Wheat firm overnight ahead of export data and following isolated strong overnight storms. Cattle and hog calls 'steady'
In my afternoon comments I stated.....
Row crops weaken amid a lack of steady bullish weather forecasts. Wheat firm. Cattle called steady/higher; Hogs mixed
Easing Forecasts Reduce Grain Market Premium
In the past few minutes....
this afternoon I stated...
50/50 PROBABILITY? Over the weekend I had mentioned in my newsletter that quite a few markets ended last week up against resistances - the quantity being unusual. The resistance varied:
From my weekly newspaper column....
Without a steady dose of fresh weather threats, row crops see softer prices overnight. Cattle and hog calls mixed
Markets fail to hold early rallies
This trade has hypothetically profited in 14 of the last 15 years when placed