Market Analysis
Grains hit new lows with more fund selling. Is there anything that can bottom the grain markets? Financial markets and crude oil ended higher. While cattle rebound despite lower cash. Darin Newsom, Barchart, has more.
Cattle drift digesting lower cash trade. Hogs reverse a lower start on strong weekly exports. Grains make new lows on USDA Ag Outlook data but soybeans bounce. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Kent Beadle, Paradigm Futures explains why grain and cattle saw red on Valentines Day
Grain markets see fund selling ahead of USDA’s Ag Outlook Forum. Cattle pressed by lower cash in the south, but hogs rally on Prop 12 news. Kent Beadle, Paradigm Futures, has details.
Grains and cattle start in the red, while hogs finally bounce. DuWayne Bosse, Bolt Marketing, looks at where the early pressure stems from.
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, discusses why soybeans could not extend gains on Tuesday and why corn can’t bottom.
Alan Brugler, Brugler Marketing says he can’t call a low in the corn market without some sort of a catalyst and “We don’t have much to work with fundamentally in soybeans to rally.”
Cattle see profit taking with a lower stock market. Hogs continue to consolidate. Corn tries to extend gains on fund short covering with a lack of bullish news. Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Naomi Blohm says corn and soybean saw a technical bounce but are still watching two key factors this week for direction.
Soybeans see short covering before USDA Outlook Forum. Corn follows beans, bouncing off contract lows. Live cattle see profit taking despite higher cash, feeders strong. Naomi Blohm, Total Farm Marketing, has more.
Grains start mixed with soybeans seeing corrective buying, while wheat is lower and corn is stuck. Cattle seeing slight gains after sharply higher cash, hogs are two-sided. Randy Martinson, Martinson Ag, has details.
Grains and cattle end mixed, with a higher close in hogs and cotton. Details with Chuck Shelby, Risk Management Commodities.
AgDay TV Markets Now: Chuck Shelby, Risk Management Commodities, says corn and soybeans end lower on Friday as funds continue to sell with more favorable weather in South America and ahead of USDA’s Ag Outlook Forum.
Jerry Gulke, president of the Gulke Group, spoke to a full house at Top Producer Summit this past week. “Producers are finally interested in marketing now that prices have fallen further,” he says.
Soybeans down on Argentina wx, while corn follows wheat on a short covering rally. Cattle 2-sided waiting for cash, hogs finally bounce but is it sustainable? Mike Minor, Professional Ag Marketing, has more.
Grains mixed digesting Conab’s Brazil cuts and the February WASDE. New highs in cattle on fund buying, strong fundamentals. More profit taking in hogs on sliding cutouts. Don Roose, U.S. Commodities, has analysis.
Grains are mixed post WASDE which was bearish for soybeans, neutral for corn & wheat. However, Conab estimates on Brazil are trumping USDA’s. What does this mean for prices? Brian Splitt, AgMarket.Net, has analysis.
Cattle start strong on cash ideas, hogs continue to consolidate. Corn and soybeans see short covering pre-WASDE and with Conab’s lower corn and soybean estimates. Scott Varilek, Kooima Kooima Varilek has details.
AgDay TV Markets Now: Mark Schultz, Northstar Commodity, says China and South American news provide a catalyst for fund selling in corn and soybeans.
Funds push corn & soybeans to new lows on China cancellations, fast Brazil safrinha corn planting. Wheat sees short covering. Proft taking in cattle pre-cash, hogs mixed. Mark Schultz, Northstar Commodity, has more.
Massive fund selling pushes grains to new lows. So, what’s driving it? Live cattle take a breather waiting for cash with higher feeders. Hogs finally bounce. Randy Martinson, Martinson Ag, has details.
Soybeans & wheat up on short covering pre-WASDE, while corn fails to follow. Cotton rallies and cattle make new highs for the move. Hogs down a 5th day. Shawn Hackett, Hackett Financial Advisors, has more.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Services, grains square ahead of WASDE, while cattle make new highs.
Cattle futures recover after Monday’s chart damage, hogs consolidating for the 5th day. Soybeans build on Monday’s reversal, while corn is consolidating above support. Brad Kooima, Kooima Kooima Varilek, has more.
Brian Grete, editor of Pro Farmer says, “Soybeans saw mostly corrective buying as funds have built a short position and may be covering some of those contracts heading into the WASDE report on Thursday.”
Grains mixed as soybeans see corrective buying, wheat falls on dollar strength, corn caught in the middle. Funds take profits in cattle after hitting chart resistance, hogs consolidate. Brian Grete, ProFarmer, has more.
Grains Start Lower as Funds Add to Near Record Short Position: Cattle Extend Gains, Hogs Consolidate
Grains lower as funds continue to sell on Brazil harvest pressure & rain in Argentina. Cattle extend gains with higher cash ideas, hogs see profit taking & hedge pressure. Kent Beadle, Paradigm Futures has details.
“The fund selling in grains isn’t just about China and Brazil, but also the carry in the markets. That is your theme,” says John Payne with Hedge Point Global Markets.
AgDay TV Markets Now: John Payne with Hedge Point Global Markets says soybeans and corn down for the week with soybeans back below $12.
Shipping disruptions and higher freight costs are to blame for the basis collapse and the large carries in all the major grains, says Jerry Gulke.