Agriculture

July Corn futures are starting the week on firm footing as market participants try to assess the implications of the cooler weather over the weekend.
As cocoa futures continue to be range bound and ending some recent trading days nearly unchanged, traders will focus on the demand of soft.
Corn futures manage to stabilize yesterday, thanks to some help from the energy while Soybean futures held ground.
Corn futures tried to breakdown yesterday, following a weekend of favorable weather that helped producers stay ahead on planting; Wheat futures rallied in afternoon session.
Live Cattle futures made closed at the highest level in nearly a month as we continue to move past the peak panic stage of Covid-19.
Corn futures are softer to start the week on the back of good weekend weather, one of the main reasons we recommended selling last week’s midweek rally ahead of the weekend.
Over the past month, pre-market livestock markets are often quoted as limit-up or limit-down, altering early-morning order flow.
July Corn future retreated yesterday while Wheat futures drifted lower
August Live Cattle futures responded well to Friday’s Cattle on Feed report in yesterday’s session.
In a normal market environment this would be a very bullish Cattle on Feed report, unfortunately we are in anything but a normal environment, so it’s taken with a grain of salt.