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.

Soybeans bounced on Friday and were up Matt Bennett with AgMarket.Net says to go back and retest this week’s highs or move to new highs soybeans will need to see proof of China purchases.

Oliver Sloup on Markets on the Move: soybeans traded in a 33 ½ cent range this week, only to settle 1 ¾ cents higher on the week. This rings true to our thesis that opportunities for traders on both sides of the market will continue to present themselves. Cattle managed to recover on Friday, but it hardly put a dent in the weekly losses.

President Trump orders an immediate investigation into major meatpackers over high prices and price manipulation.

Farmers wanting to hang onto the soil moisture in their fields are struggling to address compaction and ruts where there has been little to no recent rainfall. Anhydrous ammonia applications are also difficult to get sealed in fields where moisture is minimal.

An intense burst of Arctic air is set to sweep across the U.S., Meteorologist Drew Lerner explains how drought and dry soils will amplify the cold and why this pattern could persist through the rest of winter.