Commodity Update

In today’s clip, Chris Robinson highlights three things to pay attention to in the grain and livestock markets.
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In today’s clip, Chris Robinson highlights three things to pay attention to in the grain and livestock markets. First, the meat complex has started the month with a gap higher, and since this market is particularly sensitive to money flow we could see a sustained move. Cash cattle is up, despite this time of year being seasonally slow, possibly indicated a strong underlying bid. The meats are highly correlated to the stock market which have remained strong. As far as grains, soybeans hit a one week high yesterday, but the move is not yet confirmed. Corn, wheat, and soybeans are all at lows and trying to base. Wheat is particularly weak, with every geopolitical spike to the upside presenting a selling opportunity.