Grains are called to open steady or slightly firmer in follow up of a positive finish last week. In the Headlines Friday was a relatively quiet session for the grains, but a fast mover for cattle. Cattle futures gapped down sharply on the report of President Trump saying, “We are working on beef, and I think we have a deal on beef that’s going to bring the price down.” Speculation is that the news tied to Trump’s meeting earlier in the week with Argentina’s president, so a removal of tariffs could be possible for beef imports from Brazil and Argentina. Columbia was the subject of the president’s ire on Sunday with Truth Social post that called out the Columbian president as “an illegal drug leader” and announced that foreign aid payments and subsidies will no longer be granted to Columbia. Having been a consistent top five buyer of U.S. corn, wheat, and pork, Columbia is a key destination for shipments via the Pacific Northwest ports, which can reach Columbia’s Pacific coast without having to transit the Panama Canal. The Israel/Hamas ceasefire was being tested by Israel resuming airstrikes in response to alleged attacks on Israeli soldiers by militants in Gaza….
Register
Futures trading involves risk. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance is not indicative of future results.
Trading advice is based on information taken from trades and statistical services and other sources that CommStock Investments believes to be reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice.
There is no guarantee that the advice we give will result in profitable trades.
The views and opinions expressed in this newsletter are those of the author and do not reflect those of R.J. O'Brien & Associates LLC. This report may contain political opinions as well as market opinions and commentary. Any content provided by Commstock Investments or authors are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything.
207 Main St · PO Box 229 · Royal, IA 51357