Funds are beginning to come out of their short positions, creating some movement in the markets. Early harvest updates are showing disappointing yields for soybeans, while corn seems to be holding its own as harvest progresses. In Brazil, the northern regions are struggling with poor conditions, adding to global supply concerns. The southwestern U.S. is also facing a challenging weather story, contributing to uncertainty. Global tensions are further weighing on the market, sparking questions about whether we’re seeing seasonal bottoms form. Looking ahead, long-term positioning is on traders’ minds. The Cattle on Feed report came in as expected, and cash cattle prices moved higher on Friday, signaling some strength in the livestock market.
Monday Channel Final Bell with Craig Turner at StoneX | 9/23/24
