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Oliver Sloup dives into Grain and Livestock Markets on RFD-TV to discuss how the current Grain markets are green ahead of tomorrow’s WASDE report. Followed by next week’s Crop Tour.
President Trump is urging China to buy more U.S. soybeans as they face a shortage, but analysts say quadrupling soybean orders is ‘highly unlikely.’
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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.
Grain markets failed to extend Thursday’s gains after hitting chart resistance and fear of record yields in the Aug. 12 WASDE. However, Shawn Hackett of Hackett Financial Advisors, says the market may have already priced in the biggest yields.
New crop corn closed lower for the week and made new contract lows but there was at least one silver lining in the technical action according to Jerry Gulke, president of The Gulke Group.