FOR FRIDAY: (10/28) Harvest should gain traction the next few days as dry weather is forecast then in the Midwest. The latest 6- to 10-day outlook adds rain to the western half of the Midwest next week along with above-normal temperatures. Ethanol futures rose along with the rest of the energy sector and the bio-fuel is now at a four-month high. Possible that grains may hold up one more day but then should turn down next week. Same for cattle and hogs. Lately Friday is a profit-taking day and all the markets are overbought so we are more inclined to favor the sell side by Monday for meats of it sets up.

Comments are closed.