What Will Grain Markets Do As Holidays Approach?

November 20, 2017 03:32 PM

As the year winds down with Thanksgiving approaching, many producers are wondering what this could mean for the grain markets.

Dan Hueber, editor of The Hueber Report, thinks it could be quieter and volume generally tends to drift during the holidays.

“There’s an old adage that if the bears get turkey for Thanksgiving, the bulls get it for Christmas,” he said. “ There’s a reasonable probability we could see a nice short covering rally between now and the end of the year.”

Joe Vaclavik, president of Standard Grain, agrees, echoed Hueber’s comments, but says a short covering rally isn’t guaranteed.

As far as seasonal demand on the meat side, Hueber thinks the hog and cattle market should stabilize. Vackavik thinks there’s “friendly undertones” nearby in the cattle market.

“Numbers are getting bigger year-over-year, but it seems like the export demand has helped markets trend higher,” he said.

Watch Hueber and Vaclavik’s full comments on AgDay above.

Back to news

AgTech Expo

Harness the power of AgTech

Farm Journal's AgTech Expo
Dec. 11 to 13 in Indianapolis, IN

Keynotes from: Google's Geospacial Technologist, Farm Journal Field Agronomist Ken Ferrie, and an expert in the Internet of Things. Plus 19 breakouts presented by independent industry experts. To learn more, click here.



Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by Barchart.com
Brought to you by Beyer