Global markets are mostly unchanged this morning, but US economic data released this morning show a cooling of US business investment activity.
Crops:
Crops are trading mostly higher in the early session, albeit slightly. The futures price for corn to be harvested this year fell below previous support levels, and may be vulnerable to further downside price action because of US drier and warmer forecast in the US Midwest – according to Bloomberg Financial.
December corn futures
Livestock:
Both cattle and hog futures prices are showing some positive price action due to an expected pickup in seasonal demand, according to DTN.
Disclaimer: This commentary is provided for information only and is not intended as advice
Posted on:
April 24, 2013