By: Patrick McRae – The cattle market’s open interest has been the highest it has been in years. For those looking for clarification, open interest increases when one person buys and another person sells a contract, increasing the number of market participants. Recently, we have seen large amounts of hedging…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Corn and soybeans are lower this morning with continued pressure from policy changes and favorable South American weather. At the break, March corn is 1’0 lower at 365’2, March soybeans are 2’6 lower at 1052’4, and March Chicago wheat is 1’6 higher at 426’2. Weekly export…