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Oliver Sloup, Blue Line Futures says after a non eventful WASDE, grains saw some profit taking heading into the weekend with row crops seeing harvest pressure.
We recap this week’s price action and provide outlook for the next 5, 30 and 90 day segments.
Scott Varilek, Kooima Kooima Varilek, says cattle futures need to take out the next layer of chart resistance to move higher. Grains continue to add war and weather premium and that shouldn’t change unless the WASDE is extremely bearish.
Based on a farmer poll and the Ag Economists’ Monthly Monitor, farmers and economists differ on whether Harris or Trump would be better for agriculture, particularly when it comes to trade.
The Kansas City Federal Reserve’s latest Ag Finance Update showed farm debt has risen, but delinquencies are low.
John Heinberg with Total Farm Marketing says the row crop markets are seeing continued pressure from three main fundamentals.
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