Holaday Comments on the Markets

 

 

Darrell Holaday with Country Futures explains why wheat and soybean prices continue to decline.  He said there’s a general feeling the HRW wheat crop will be higher than expected.  In soybeans, he says USDA is likely too high in its export forecast while acreage will be higher.  In contrast, corn prices could move higher on reduced acres.  Holaday says fed cattle prices will likely continue to decline on larger numbers.