Market Analysis
Wheat ends higher put off highs, so is the market getting tired? DuWayne Bosse, Bolt Marketing, says the global crop concerns may be priced in. Meanwhile soybeans fall and pull corn down.
Wheat makes new highs for the move on Russia crop concerns, while corn and soybeans struggle. Cattle are mostly higher after the COF, with hogs making new lows. Randy Martinson, Martinson Ag, has more.
Garrett Toay, AgTrader Talk, says the seasonal highs for corn usually come in the third week of June. However, with funds nearly flat the big determinant of future direction will be weather and the June Acreage Report.
Gulke says, all of the winter predictions for the grain and oilseed market haven’t come true. “So suddenly we’ve kind of turned upside down to where conventional wisdom was almost 98% wrong.,” he says.
Grains end mostly higher Friday with pre-holiday trade but also holding weather premium. Cattle traded mostly lower ahead of the COF Report despite some record cash in the North. Garrett Toay, AgTraderTalk, has more.
Cattle futures fade the record high cash trade on caution ahead of the Cattle on Feed Report. Hogs still searching for a low. Grains chop pre-holiday eyeing weather. Scott Varilek, Kooima Kooima Varilek, has more.
Allison Thompson, The Money Farm, says, “On the weather side we are looking for a pretty wet weekend and brings up question about whether farmers will switch corn acres to beans or take prevent plant.”
Corn and wheat end higher still trading weather concerns in the U.S. and globally, but corn exports were also strong. Allison Thompson, The Money Farm, says, both markets are up challenging chart resistance.
Grains continue to rally on weather concerns, but what is going on with cash basis levels and when should farmers sell? Nick Tsiolis, Farmers Keeper, shares insight.
Soybeans rally on talk of China export sales, corn follows. Wheat makes near term highs then farmer selling hits. Cattle also make for the move highs with higher cash news. Mark Schultz, Northstar Commodity, has more.
Grains end mixed on Wednesday. Mark Schults, Northstar Commodity says soybeans led the rally and pulled corn along, while wheat hit near term highs and then faded on farmer selling.
Wheat makes near term highs before farmer selling hits, corn & soybeans try to hold gains on planting delays, talk of China soybean buys. Cattle make near term highs. Kent Beadle, Paradigm Futures, has more.
John Heinberg, Total Farm Marketing says wheat had a chart breakout Tuesday and follow through buying will be important Wednesday. Meanwhile, corn and soybeans see Turnaround Tuesday on planting progress.
Wheat made new highs for the move on Tuesday. John Heinberg, Total Farm Marketing, says Wednesday’s close will be important to see if there is follow through buying to keep the rally going. Corn and beans consolidated.
Winter wheat continues to rally on global production concerns and fund buying. Corn and beans are seeing corrective and farmers selling on planting progress. Cattle strong. DuWayne Bosse, Bolt Marketing, has details.
Mike Zuzulo, Global Commodity Analytics, says the wheat market is taking its cue from the Paris wheat futures which is pricing in production concerns in the Black Sea and Europe.
Wheat resumes its weather rally on global production concerns, pulling up corn and soybeans. Cattle take a breather despite higher cash. Hogs struggle on China news. Mike Zuzulo, Global Commodity Analytics, has more.
Cattle futures pulled up by last week’s strong cash, cutouts. Hogs try to bounce. Grains add weather premium but can markets get above last week’s chart resistance? Brad Kooima, Kooima Kooima Varilek, has insight.
Jim McCormick, AgMarket.Net, says corn and wheat saw technical selling and profit taking for the last four sessions after running into chart resistance. It could be seasonal top without fresh weather concerns.
Jim McCormick, AgMarket.Net, says corn and wheat futures tried to rally several sessions and ended lower after running into chart resistance. That could be a seasonal top unless there is a bigger weather story.
Cattle futures make near term highs pushed by higher cash and cutouts. Hogs fail with the futures premium to the LHI. Scott Varilek, Kooima Kooima Varilek has details. Corn needs to hold key support, soybeans run.
Grains end mostly lower except nearby soybeans and bean oil. Mike Minor, Professional Ag Marketing, says this may just be just a routine consolidation as the market waits for a bigger weather story to emerge.
Grains end mostly lower except nearby soybeans and bean oil. Is this a healthy correction or topping action? Mike Minor, Professional Ag Marketing, has the answer and insight on the rally in livestock.
Grains start higher led by wheat on global crop concerns, but the markets can’t get above chart resistance. Cattle higher following a surge in wholesale beef. Randy Martinson, Martinson Ag, has details.
Grains faded early day strength. Dave Chatterton, Strategic Farm Marketing, says the bulls need to continue to be fed by a bigger weather story as the funds have covered a large portion of their short position.
Grain markets fade early gains, but what triggered the selloff? Dave Chatterton, Strategic Farm Marketing, says the bulls need to continually be fed for funds to keep buying.
Grains back higher today but Darin Newsom with Barchart thinks it’s mostly technical buying and seasonals. He’s doubtful the market is really concerned about U.S. or global production concerns.
Grains eased on Tuesday on profit taking after running into some chart resistance and Bryan Doherty, Total Farm Marketing says the markets were overbought and due for a correction.
Grains saw profit taking, farmer selling, China tariffs & higher Brazil crop estimates. Milk reversed off contract highs, while cattle rallied with lower corn, higher beef. Bryan Doherty, Total Farm Marketing, has more.
Grains see profit taking on the announcement of additional China tariffs, plus Conab raises Brazil estimates. Livestock bounce on short covering, higher products, lower feed. Kent Beadle, Paradigm Futures, has more.