FOR THURSDAY: (9/1) Grains aren’t bouncing and seem lower next week also. Need a 2-day bounce to get short for next week. Grains do reopen on Monday night at 7 pm after the Labor Day holiday but meats of course won’t reopen until Tuesday morning. Weather forecasts remain favorable for corn and soybeans with showers moving across the Midwest this week. Hot conditions arrive next week along with rain across the western portion of the belt. The tropical storm in the Gulf of Mexico is expected to track northeast across Florida and southern Georgia rand away from crop areas in the Delta. Export sales are positive but no one cares. Hogs look lower on Thursday but did not rally enough for a good risk/reward and cattle are back to being normal after being overdone so quickly.
Comments are closed.