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Grains and livestock are mixed. Weekly grain exports were decent this morning and Darin Newsom, Sr. Market Analyst for Barchart says wheat is seeing more fund short covering adding some risk premium, especially geopolitical. Soybeans are seeing harvest pressure and removing some weather premium with forecasted rains for Brazil. Corn is rangebound waiting for new news. CPI data was slightly above expectations but will the stock market continue to make new highs and what does that mean for markets like cattle or even grains?
See omnystudio.com/listener for privacy information.
By Michelle RookGrains and livestock are mixed. Weekly grain exports were decent this morning and Darin Newsom, Sr. Market Analyst for Barchart says wheat is seeing more fund short covering adding some risk premium, especially geopolitical. Soybeans are seeing harvest pressure and removing some weather premium with forecasted rains for Brazil. Corn is rangebound waiting for new news. CPI data was slightly above expectations but will the stock market continue to make new highs and what does that mean for markets like cattle or even grains?
See omnystudio.com/listener for privacy information.

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