Short Covering Sparks Movement Ahead of Key Report While Cattle Keep an Eye on Headlines

On todays Market Talk, Tyler Schau with AgMarket Net looks at positioning ahead of Thursday's WASDE report, which is expected to provide fresh insight into supply and demand estimates. As we look at the markets a good reminder that when things are good we need to be doing something. The grain markets also saw some short-covering activity during the session, offering support after recent pressure. Outside markets added another layer of influence, with crude oil trading lower on the day. In livestock, the cattle complex regained strength and pushed back into positive territory, finishing the session with solid gains as buyers stepped back into the market.