Meetings in DC today between US-China negotiators. USDA export sales fantastic for corn and beans, weak for cotton
Markets pulling back from a green overnight trade. Another ASF case was found in South Korea. Fears of feed grain demand losses mount
Hog futures rallied substantially last week, cash did not.We look for a near term high to be made this week in V and Z if bullish news slows
Its a full moon, Friday the 13th and the US-China trade talks are turning “positive”…buckle up
WASDE was bullish for soybeans, bearish for corn and cotton. The market cares little right now though, its a buy day for macro reasons.
CBOT markets are lower, cotton slightly higher as we are now one day out from the September WASDE
Without bullish Chinese trade info, we think hogs will have a difficulty rallying given we expect cutout weakness in the near future.
Good Riddance To August- Ag Markets Finish Out the Summer on Lows
Corn and beans see follow through buying while wheat continues to pressure May lows in KC and Minny. Cotton export sales were flat
Quiet night at the CBOT for feed grains, soybeans give back yesterday’s gains. Cotton cant buy a rally amidst falling conditions.