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Kent Beadle of Paradigm Futures says grains see pressure with risk off outside markets including the higher dollar and lower crude oil. Funds were also back selling as row crops were removing weather premium on forecasted rains in South America and continued harvest or hedge selling by the farmer. Wheat also ran into chart resistance and was trading rain chances in the Southern Plains. Live cattle futures recovered after a lower day Friday and with stronger cash last week. Lean hogs saw some hedge selling and profit taking.
See omnystudio.com/listener for privacy information.
By Michelle RookKent Beadle of Paradigm Futures says grains see pressure with risk off outside markets including the higher dollar and lower crude oil. Funds were also back selling as row crops were removing weather premium on forecasted rains in South America and continued harvest or hedge selling by the farmer. Wheat also ran into chart resistance and was trading rain chances in the Southern Plains. Live cattle futures recovered after a lower day Friday and with stronger cash last week. Lean hogs saw some hedge selling and profit taking.
See omnystudio.com/listener for privacy information.

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