Corn and soybean futures sharply extended their price pullback amid improved weather conditions and active fund selling.
Pro Farmer Senior Market Analyst Rich Posson says recent technical action suggests higher prices are ahead.
Pro Farmer Senior Market Analyst Rich Posson says open interest rose on the recent rally to suggest new longs were created.
By week's end, soybean futures were tuned into ongoing strong export demand and cattle traders were looking for higher cash trade.
The flip of the calendar to February brought much-needed short-covering to begin a seasonal uptick in prices.
Pro Farmer Senior Market Analyst Rich Posson says live cattle futures are due for a Level 1 business-cycle low this month.
The grain markets were given a lot of news to digest this week and livestock markets were highly volatile.
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