Global markets are trading slightly higher this morning. US unemployment for April drops to 7.5% (a 4 year low) and better than expected job growth while the European economy is headed for further slowdown and slower deficit cuts, according to Reuters
Crops:
Crops futures are trading modestly higher in the early session as investors express concerns that continued cold temperatures and snow forecasts across the US Midwest will put a dent into yields, according to Agrimoney.com. A 5% week-over-week gains in US export corn sales may also be a factor in this morning’s positive momentum.
Livestock:
Live cattle futures are showing some pull-back this morning after yesterday’s positive gains.
Disclaimer: This commentary is provided for information only and is not intended as advice