TFM Sunrise Update 3-16-20

CORN

Corn futures are called 3 to 5 lower on follow-through from overnight weakness. Equities traded limit lower and are pulling grains down.

SOYBEANS

Bean futures are called 3 to 5 lower as it reflects overnight trade which was also on the defensive as coronavirus continues to pressure prices.

WHEAT

Wheat futures are called 6 to 7 lower on follow-through from overnight trade which was weaker as prices continue to erode on a general risk-off for commodities due to coronavirus.

CATTLE

Cattle futures are called sharply to limit lower as concerns about movement of product become a major headache for the cattle market.

HOGS

Hog futures are called sharply lower on follow-through from limit down Friday and expectations of weaker cash.

Author

Kelly Rubisch

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