Loading…
Corn futures rose on the week on weather concerns in the southwest Corn Belt and technical strength. Soybeans and wheat fell on profit-taking and winter wheat harvest pressure, and live and feeder cattle futures dropped on lower cash prices, with feeder futures hitting a new contract low.
Dry southwest Corn Belt weather supports corn prices, while harvest pressure and profit-taking weigh on soybeans, wheat and cattle markets.
agrimarketing.comJun 20, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Weekly update dated 2016-06-20 notes live and feeder cattle futures dropping on lower cash prices with feeders at new contract lows, indicating weak sentiment and downward price pressure.
The weekly update says wheat fell on profit-taking and winter wheat harvest pressure, which fits the bearish supply and sentiment backdrop, but it is a broader-week summary.
