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Grains see early strength with strong new crop corn and soybean exports but then turn mixed. Darin Newsom, with Barchart says, the markets have run into chart resistance and may be getting tired. Plus, there may be some harvest pressure heading into the weekend. He says the recent rally in the grains follows the seasonal patterns and while demand news and weather have been helpful, most of the push has been fund short covering. Crude oil tries to recover after one of the worst week's in a year, but what does that mean for the ag sector? And payroll data was lower than expected and Newsom says he expects a rate cut in the September meeting, the question will be how much.
See omnystudio.com/listener for privacy information.
By Michelle RookGrains see early strength with strong new crop corn and soybean exports but then turn mixed. Darin Newsom, with Barchart says, the markets have run into chart resistance and may be getting tired. Plus, there may be some harvest pressure heading into the weekend. He says the recent rally in the grains follows the seasonal patterns and while demand news and weather have been helpful, most of the push has been fund short covering. Crude oil tries to recover after one of the worst week's in a year, but what does that mean for the ag sector? And payroll data was lower than expected and Newsom says he expects a rate cut in the September meeting, the question will be how much.
See omnystudio.com/listener for privacy information.

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