AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
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Machinery Pete also shared the results of a special Allis-Chalmers auctioned off for charity on Nov. 9.
Grain markets were uniformly weaker to start the week but are mixed this morning with corn higher, beans, lower, and wheat near unchanged. What’s in store for today’s trade?
Kent Beadle with Paradigm Futures says corn and soybeans are seeing technical selling after failing at chart resistance again on Monday.
Trump stated that Zeldin would “ensure fair and swift deregulatory decisions” to “unleash the power of American businesses.” The administration aims to maintain “the highest environmental standards, including the cleanest air and water on the planet” while pursuing deregulation.
Richard Beasley posted job openings for a farm manager position on 688 acres and murdered suitors as they arrived on-site.
Funds reached set a record net long position in lean hogs according to last week’s Commitment of Traders report. They are also aggressively long live cattle and feeder cattle too, increasing the risk of long liquidation.
Allison Thompson with The Money Farm says pressure in the grains came from a lack of news or fresh demand, farmer selling and bearish outside markets like lower crude oil and a higher dollar.
Grain markets received friendly news in the most recent WASDE report but have failed to find any follow through momentum. A sign of caution?
Brad Kooima of Kooima Kooima Varilek says cattle are consolidating and the live cattle charts look horrible after Friday’s poor technical action. Soybeans try to extend gains after a higher day Friday and USDA’s 1.4 bushel per acre yield cut.
Corn and beans were firm in the overnight trade but have gave back some of that ground into the morning. Wheat is the weakest link and threatening a technical breakdown.
Watch us on RFD-TV, today at 9:45am CT!
Watch us on RFD-TV, today at 9:45am CT!