Soybeans Break Out, Wheat Holds Support, and Cattle on Feed Report Looms | Mike Zuzolo
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It was a positive day for grains and a choppy one for livestock. On today’s Final Bell, Mike Zuzolo of Global Commodity Analytics joins Lacey Shippy to unpack the action. Soybeans rally: Biofuel policy uncertainty and weather models fuel a breakout, with charts pointing toward June highs. Corn and wheat: Corn fights to join the bean rally while wheat shows technical strength, closing positive after weeks of losses. Exports and weather: Strong global demand and shifting high-pressure patterns keep grains supported. Cattle on Feed preview: Tight supplies, uncertain Mexican imports, and placement estimates set the stage for Friday’s report. Zuzolo explains why this week feels like another USDA report day, with the EPA decision and crop tour results adding weight to the trade.
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