Kc Wheat Commodity Markets, Prices & Futures
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Latest News From KC Wheat
Joe Kooima of Kooima Kooima Varilek says cattle and hogs are struggling Thursday with the set back in the equity markets.
The survey of farmers in 26 states mirrored the projections from USDA’s Ag Outlook Forum in February.
Dave Chatterton with Strategic Farm Marketing says the ongoing Iran war and higher crude oil prices helped drive speculative buying interest in grains.
Brady Huck from Empower Ag Trading says, “After the volatility that we’ve seen over the last couple of weeks, sometimes these markets just need to find some stability.
Randy Martinson with Martinson Ag says the limit down day in old crop soybeans was tied to the fear that the meeting between President Trump and President Xi scheduled for China at the end of the month will be delayed due to the war.
Wheat was the price leader on Friday mostly on technical buying according to DuWayne Bosse with Bolt Marketing.
Cattle futures are higher early Friday in tandem with the bounce in the equity markets and the pull back in crude oil and the energy markets according Scott Varilek of Kooima Kooima Varilek.
Soybeans made new highs for the move during the session. Mark Schultz with Northstar Commodity says it was partly due to the rally in crude oil and soybean oil. However, there were also some other factors that boosted prices.
Grain markets are continuing to rally on Thursday morning. Greg McBride with Allendale says they following the energy markets and trading headlines.
Grains ended higher on Wednesday with technical buying returning as traders attempted to add risk or war premium to the market says Don Roose of U.S. Commodities.