AgDay

Jerry Gulke, president of the Gulke Group, says the reaction in the soybean market following the announced trade framework between the U.S. and China provides important technical clues for future price direction.

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.

Shawn Hackett with Hackett Financial Advisors says with China potentially buying 441 million bushels of U.S. soybeans in the next two months prices need to move a lot higher.

Meat Institute report analyzes the state of beef cattle markets and points out current pricing myths.

Oliver Sloup on Markets on the Move: grain markets capped off October with solid momentum on the month’s final trading session, led by a standout performance in soybeans. The soy complex drove the day’s gains as all major grains extended their monthly advances. Meanwhile, the livestock sector told a different story — cattle futures ended the week on uneven footing as traders navigated mounting headline risks and market uncertainty.

Price action and outlook for soybeans.

Details are minimal so it’s not clear how there will be enough staff to provide the Milk Production, Crop Production, Cattle on Feed and WASDE reports with many still furloughed.

Agronomy-based recommendations build trust and strengthen relationships with farmer-members.

Strong production numbers and government policies support the thesis of higher costs for longer.

After an ugly pullback in the cattle market futures are trying to recover according to Scott Varilek of Kooima Kooima Varilek as cash strength is returning in the feeder cattle market.