Grains try to recover midday with help from the reversal in outside markets. LC mixed with bullish hopes for the USDA Cattle Inventory Report. Hogs lower. Scott Varilek of Kooima Kooima Varilek has details.
Grains higher early with technical buying and a drier Argentina weather concerns. Cattle higher with $1 higher cash on Friday. Hogs back lower. Michelle Rook has a quick update.
Grain and soy futures are expected to open firmer on corrective buying, though it has been a struggle to find sustained buying during daytime trade on bounce attempts this week.
Grains are expected to open mixed following the extended holiday weekend as traders sort out South American weather, outside markets and China's surging Covid cases.
Corn futures extended a slide to near six-week lows overnight and SRW wheat fell to a seven-week low as traders readied for USDA’s Crop Production and Supply & Demand Reports at 11 a.m.