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Grains and livestock end mixed Monday. Chip Nellinger, Blue Reef Agri-Marketing says corn got some help from a slightly friendly quarter stocks number at 1.76 billion bushels, but most of the upside in corn and wheat was due to end of quarter fund short covering. The key will be whether or not funds continue that trend into a new quarter as Dec corn could not close above $4.25. Soybeans saw neutral report numbers but ended lower on rain chances in Brazil in the 10 day outlook. Live cattle made new high closes for the move on fund buying and higher cash and cutouts, with feeders lower reacting to stronger corn prices. Hogs were mixed.
See omnystudio.com/listener for privacy information.
By Michelle RookGrains and livestock end mixed Monday. Chip Nellinger, Blue Reef Agri-Marketing says corn got some help from a slightly friendly quarter stocks number at 1.76 billion bushels, but most of the upside in corn and wheat was due to end of quarter fund short covering. The key will be whether or not funds continue that trend into a new quarter as Dec corn could not close above $4.25. Soybeans saw neutral report numbers but ended lower on rain chances in Brazil in the 10 day outlook. Live cattle made new high closes for the move on fund buying and higher cash and cutouts, with feeders lower reacting to stronger corn prices. Hogs were mixed.
See omnystudio.com/listener for privacy information.

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