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Soybeans ended higher putting weather premium, but John Payne, Advance Trading, says corn and wheat futures saw liquidation ahead of first notice day on Friday both complexes scoring new contract lows in the process. Live and feeder cattle futures had a higher day which was a surprise with the bearish placements in the Cattle on Feed Report. So, is that market starting to bottom. Hogs consolidate after a chart breakout but Payne says the market should be well supported with the futures discount to cash and following a higher Chinese pork market.
See omnystudio.com/listener for privacy information.
By Michelle RookSoybeans ended higher putting weather premium, but John Payne, Advance Trading, says corn and wheat futures saw liquidation ahead of first notice day on Friday both complexes scoring new contract lows in the process. Live and feeder cattle futures had a higher day which was a surprise with the bearish placements in the Cattle on Feed Report. So, is that market starting to bottom. Hogs consolidate after a chart breakout but Payne says the market should be well supported with the futures discount to cash and following a higher Chinese pork market.
See omnystudio.com/listener for privacy information.

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