Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.

Oliver Sloup, Blue Line Futures, says corn, soybeans and wheat all saw technical buying this week after bouncing off key support on the charts. The key is can the markets build on it next week?

The impact of disease and dry conditions are becoming increasingly evident as combines roll. More than 70% of farmers report steady or lower yields in Ohio, Indiana, Illinois, Iowa, Minnesota, Nebraska and South Dakota.

The Climate Prediction Center says there’s a 71% chance of La Niña conditions developing from October through December, while also issuing a La Niña Watch. However, one meteorologist expects La Niña to make a quick exit.

With low commodity prices and higher input costs, identifying hybrids that are a good fit for your soil types and environmental conditions is more important than ever – and can give you a leg up on yield performance from the get-go next spring.

Joe Kooima of Kooima Kooima Varilek says the funds were liquidating long positions on the open Friday after President Donald Trump said the administration was working on a plan to lower beef prices. Some of it was triggered by algorithm trades that key their formulas off headlines.