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Grain and livestock futures closed mostly higher except for parts of the wheat complex. Darren Frye, Water Street Solutions, says it was an impressive that grains, especially the soybean complex, shook off the election results, possible tariff hikes and a sharply higher dollar. It may be tied to hopes export business will pick up before January 20 or Frye says the market may sense that exports won't be as bad as feared as these low price levels have stimulated demand. The key will be for the market to see follow through buying. Frye was surprised with the strength and new highs in the stock market in reaction to the election but that did help support the livestock futures. The big week continues with the FOMC decision and the WASDE. .
See omnystudio.com/listener for privacy information.
By Michelle RookGrain and livestock futures closed mostly higher except for parts of the wheat complex. Darren Frye, Water Street Solutions, says it was an impressive that grains, especially the soybean complex, shook off the election results, possible tariff hikes and a sharply higher dollar. It may be tied to hopes export business will pick up before January 20 or Frye says the market may sense that exports won't be as bad as feared as these low price levels have stimulated demand. The key will be for the market to see follow through buying. Frye was surprised with the strength and new highs in the stock market in reaction to the election but that did help support the livestock futures. The big week continues with the FOMC decision and the WASDE. .
See omnystudio.com/listener for privacy information.

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