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Grains leaning higher as the wheat market is pulling up corn and soybeans and we're seeing end of week short covering in all three markets. However, corn continues to hit chart resistance around the 50-day moving average. Markets are watching weather, planting progress and outside markets. The dollar is up with non-farm payrolls coming in hotter than expected but will it really change the Fed's course on interest rates? Cattle continue to see fund profit taking with concerns about HPAI while they seem to be buying in hogs. Darin Newsom, Senior Market Analyst, for Barchart has details.
See omnystudio.com/listener for privacy information.
By Michelle RookGrains leaning higher as the wheat market is pulling up corn and soybeans and we're seeing end of week short covering in all three markets. However, corn continues to hit chart resistance around the 50-day moving average. Markets are watching weather, planting progress and outside markets. The dollar is up with non-farm payrolls coming in hotter than expected but will it really change the Fed's course on interest rates? Cattle continue to see fund profit taking with concerns about HPAI while they seem to be buying in hogs. Darin Newsom, Senior Market Analyst, for Barchart has details.
See omnystudio.com/listener for privacy information.

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