Market Analysis
Kent Beadle, DTN market analyst, says grain and livestock futures are sharply lower with a knee jerk reaction to the announced tariffs from President Trump on Wednesday.
Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains saw risk off selling and positioning ahead of President Trump’s Liberation Day announcement on tariffs. However, Mexico’s president says they don’t want a tit for tat trade war.
Randy Martinson, Martinson Ag, says grains are not seeing follow through buying after the strong closes on Tuesday as the market is trading tariff fears.
Tommy Grisafi, Nesvick Trading, says grain futures saw risk on buying as traders were adding weather premium but biofuels news was also supportive.
DuWayne Bosse of Bolt Marketing says the grain markets are still digesting the USDA report data but are looking ahead now at weather and the impact of “Liberation Day.”
Darren Frye with Water Street Solutions says the USDA Prospective Plantings and Quarterly Stocks Reports usually generate plenty of fireworks but the reaction was rather benign.
Brad Kooima of Kooima Kooima Varilek says the cattle are seeing pressure on end of quarter profit taking by the funds who are still long in the market. Grains are mixed ahead of the big USDA reports.
Randy Martinson, Martinson Ag, says he expects more corn in the Dakotas and Minnesota but at the expense of more spring wheat than soybeans.
Kent Beadle, Paradigm Futures expects high volatility at the end of the month and recommends farmers get some sort of risk management strategy in place to at least put a flood under grain prices.
Dan Basse, president of Ag Resource Company, says these tariffs are different than those imposed during the first Trump administration or even recently with the 10% increase on China imports.
Continued good demand into 2025/26 is likely as any positive tariff results wouldn’t end in one year — potentially sustaining the corn bull market.
Based on decades of experience, Jerry Gulke, president of the Gulke Group, is bracing for a big surprise in USDA’s Prospective Plantings Report on March 31.
Shawn Hackett, Hackett Financial Advisors, says corn and soybeans saw risk off profit taking heading into the weekend and have settled into a trading range going into the end of quarter and have priced in early acreage estimates.
Scott Varilek of Kooima Kooima Varilek says cattle have been resilient continuing to shake off any bad news and uncover buying on any break. Grains continue to chop ahead of the weekend.
Dave Chatterton, Strategic Farm Marketing, says corn was supported by strong demand with a 59 million bu. weekly export figure Thursday morning and unconfirmed talk that Brazil was buying U.S. corn.
Darin Newsom with Barchart says corn is higher again on solid demand and spreading with soybeans.
Kent Beadle with Paradigm Futures says all but old crop corn saw more pressure with the risk off attitude regarding tariffs and with acreage estimates being released. Meanwhile, weather propelled cattle to fresh highs.
Rich Nelson of Allendale says grains started lower and are quietly mixed awaiting tariff news and the big USDA reports at the end of the month. Allendale’s annual acreage survey confirms higher corn acres at the expense of soybeans.
Dan Basse, Ag Resource Company, says the February highs may be the highs for the year in corn and soybeans with the headwinds he sees ahead.
Mike Zuzulo, Global Commodity Analytics, says wheat led the price rally and pulled up corn as traders were putting in weather premium and funds covered short positions. Feeder cattle made all-time highs.
Joe Kooima of Kooima Kooima Varilek says cattle and hogs both saw gap higher openings and are seeing triple digit gains with help from the cash. Corn is higher following wheat, while soybeans lag.
Jerry Gulke, president of the Gulke Group, says while he is short term bearish on corn his longer-term outlook is still bullish.
Don Roose, U.S. Commodities says corn and wheat end lower with soybeans higher Friday evening up positions ahead of the weekend.
Scott Varilek, Kooima Kooima Varilek, says cattle are awaiting cash direction with producers and feedlots holding out for higher money. Grains are mixed after a higher close on Thursday.
DuWayne Bosse, Bolt Marketing, says grain markets rebounded Thursday on technical buying after holding and bouncing off support areas. Strong export demand was also positive.
Mark Knight, Farmers Keeper Financial, says grains are seeing a technical bounce off support areas wtih strong weekly exports.
Alan Brugler with A&N Economics, LLC. says the tariff escalation once again weighed on the grain markets with the EU putting retaliatory tariffs on U.S. grains and threats that Canada would put levies on U.S. ethanol imports.
Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains are seeing pressure on new tariff concerns with the EU as they announce retaliatory measures on ag products.
John Heinberg with Total Farm Marketing says grain and livestock both saw risk off selling tied to trade uncertainty, bearish outside markets and recessionary fears.
Brian Splitt, AgMarket.Net thinks USDA is just waiting to get through the quarterly stock report and the planting intentions to make revisions on demand for corn and soybeans.