Market Analysis
AgDay TV Markets Now: John Heinberg, Total Farm Marketing says corn is in consolidation mode but held up well Wednesday in light of contract lows in wheat and talk of China cancellations.
Corn saw short covering, despite contract lows in wheat on talk of China SRW cancellations. Soybeans see Brazil harvest pressure. Cattle and hogs are consolidating. John Heinberg, Total Farm Marketing, has details.
Grains see technical selling pressure with wheat making new contract lows. Cattle are consolidating. Outside markets are recovering after a down day Tuesday. Darin Newsom, Sr. Market Analyst, with Barchart has more.
Grains lower on profit taking after corn and beans hit resistance, plus farmer selling & report positioning. Cattle bounced, while hogs set back with lower cash and cutouts. Ted Seifried, Zaner Ag Hedge, has more.
AgDay TV Markets Now - Ted Seifried, Zaner Ag Hedge, says grains retreat after hitting chart resistance, but there is more to the selloff.
Cattle try to recover after failing at chart resistance Monday. Hogs mixed on pre-Goldman rolling. Corn and soybeans are seeing profit taking after hitting the 20 day MA. Brad Kooima of Kooima Kooima Varilek has more.
Grains higher Monday. So, was it China hopes or a dead cat bounce? And what will it take to confirm a change in trend? Shawn Hackett, Hackett Financial Advisors, covers that plus cattle and cotton.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors says grains end higher on Monday but he is looking for one specific signal that the markets have changed trend.
Grains see corrective buying as they are oversold, plus getting help from export business and China hopes. Livestock are lower with rising feed prices and profit taking. Randy Martinson, Martinson Ag, has details.
Corn and soybeans post higher weekly closes. Does this finally confirm a low? Bryan Doherty says corn “hasn’t turned all the way yet” and soybeans likely will experience pressure from Brazil’s harvest and prices.
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing says the grains see profit taking to end the week and will start looking ahead to the March WASDE.
AgDay TV Market Now: Arlan Suderman, StoneX says Corn up for the 4th day, but a sustained rally may be unlikely.
Corn and wheat rallied on end of month profit taking by the speculative traders, while soybeans and cattle faltered. Arlan Suderman with StoneX has details.
Corn closes higher with China talk but is the market finally bottoming? Matt Bennett, AgMarket.Net, provides insight.
AgDay TV Markets Now: Matt Bennett, AgMarket.Net, says corn is up for a third day despite a down day in wheat. Is it bottoming action and what kind of recovery rally can we expect?
AgDay TV Markets Now: Allison Thompson Discusses if Wheat is Bottoming and Can Lead Row Crops Higher
AgDay TV Markets Now: Allison Thompson with The Money Farm discusses if wheat is bottoming, and it can pull corn and soybeans higher?
Grains up with corn above $4. Will the recovery rally hold or be sold? The wheat market extends last week’s gains. Plus, live cattle shake off the COF report. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says the question after Monday’s recovery rally is “Will it hold or be sold?”
Corn makes contract lows on selling before March delivery. Wheat and beans are oversold and try to bounce off new lows. Profit taking in cattle post the COF report. Allison Thompson, The Money Farm, has more.
AgDay TV Markets Now: Tommy Grisafi says old crop corn closes below $4 and may still not be low enough with the current ending stocks.
So, will the farmer selling dry up next week or will the funds take their foot off the accelerator? Grisafi says, “If the funds are still adding to their short position this could get really ugly.”
Grains see fund and farmer selling and weekly exports were weak in soybeans & wheat. Cattle rally heading into the COF report, hogs also see new near term highs w/higher cash. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: DuWayne Bosse says the funds aren’t the only ones selling in the grain markets and pushing priced down.
Corn & beans make more new lows and it’s not just fund selling. Wheat erases early gains as well. Live cattle reverse off near term highs pre-COF, hogs close above resistance. DuWayne Bosse, Bolt Marketing, has more.
Cattle hit new near-term highs on any pullback. Hogs higher pushed by cash. Corn bounces off contract lows following wheat. Soybeans struggle with better SA weather. Sott Varilek, Kooima Kooima Varilek, has more.
Matt Bennett, AgMarket.Net, says, “When we get down to these levels, I look at what kind of psychological support might be around $4? I personally don’t think you break $4 this early in the growing season.”
Grains end lower on profit taking and farmer selling before the end of the month. Cattle make new highs for the move but are the bulls too optimistic about the CoF Report? Matt Bennett, AgMarket.Net has insight.
Grains are not able to extend Tuesday’s gains with profit taking and farmer selling, plus rain chances in Argentina. Cattle are strong heading into the COF. Randy Martinson, Martinson Ag, has more.
AgDay TV Markets Now: Arlan Suderman, StoneX, explains what drove the rare grain rally on Tuesday, especially in wheat.
Grains higher on fund short covering on Red Sea shipping concerns and China lowering mortgage rates. Cattle make new highs but end mixed. Hogs rally withhigher cash and cutouts. Arlan Suderman, StoneX, has more.