In the grains, markets are watching for the government to reopen while looking ahead to Friday’s WASDE report — both expected to bring fresh direction to the trade. USDA crews have been out in the fields gathering updated numbers. And as for corn — could it be the sleeping giant waiting to wake? Cattle markets kicked off the week with limit-up gains in both live and feeder contracts, rebounding after recent frustrations in the complex. Traders are asking — has a top been put in place, or is this just another headline-driven swing? Expect cattle to keep chasing the news for a while yet.
Darren Frye with Water Street Advisors shares the Tuesday Market Wrap Up…
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