Market Analysis
AgDay TV Markets Now: Mike Zuzulo, Global Commodity Analytics, discusses why funds sold grains to end the week but bought cattle and hogs futures.
“I don’t think we are going to see huge losses in prices from here forward, but these are not exciting prices,” says Jerry Gulke, president of the Gulke Group.
Grains consolidating as funds are back in selling end of week. Cattle make new highs again pushed by higher cash. Crude oil stalls after 9-weeks highs Thursday. Darin Newsom, Barchart, has details.
AgDay TV Markets Now: Vince Boddicker, Farmers Trading Company, explains why the soybean complex sank on Thursday and why cattle and hogs made new highs for the move.
The collapse of soybean basis levels in Brazil tanked the soy complex. Vince Boddicker, Farmers Trading Company says, “People are saying with the basis dropping that hard maybe the Brazilian crop isn’t that tight.”
Chip Flory warns that as more crush capacity comes online, the soybean market might realize it waited too long to bid for 2024 soybean acres.
Cattle try to extend gains after strong chart action awaiting cash. Hogs see follow through buying on China news. Corn & beans see profit taking w/weak exports. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, explains what drove the rally in grain and livestock futures Wednesday and if it can keep going?
Grains end higher as corrective buying continues but the lower dollar and SA wx were also supportive. Cattle and hogs made new highs for the move on fund buying. Oliver Sloup, Blue Line Futures has details.
Grains start higher on continued corrective buying but soybeans have run into chart resistance. Cattle and hogs see following through buying after chart breakouts yesterday. Randy Martinson, Martinson Ag, has more.
“While soybeans have had a nice break higher the last four days, corn is moving sideways.” Dave Chatterton, Strategic Marketing says upside in corn is being limited by the 2.16-billion-bushel carryover.
AgDay TV Markets Now: Dave Chatterton with Strategic Farm Marketing says soybeans up a 4th day on SA crop concerns and higher meal, livestock see chart breakouts, with corn sideways.
Grains higher in early trading on continued corrective buying, despite slightly bearish outside markets. Kent Beadle, Paradigm Futures says the grain markets may have finally run out of sellers.
Corn and soybeans held long term support last week and built on it with Monday’s close.
Grains close mostly higher on corrective buying and crude oil strength. Are lows forming? Cattle lower despite a neutral COF on a lack of cash. Chip Nellinger, Blue Reef Agri-Marketing, has details.
Cattle lower despite neutral COF, on profit taking and the lack of cash. Hogs continue to correct with supplies backing up. Did corn and soybeans put in lows last week? Brad Kooima, Kooima Kooima Varilek, has more.
Jerry Gulke, president of the Gulke Group, considers the bounce off the lows a victory: “This was a win, even though we had markets down a little bit for the week.”
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn and soybeans see a lack of follow through buying Friday and fail to confirm the lows are in.
Grains close mixed & fail to confirm a low with a lack of follow through in corn & soybeans after reversals, strong weekly exports and China soybean biz. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
Grains extend gains after reversals, with strong exports & China soybean sales. Kevin Duling, KD Investors, says he can’t confirm a low yet. Cattle consolidate ahead of COF, while crude oil sees profit taking as well.
Cattle 2-sided after chart breakout, awaiting cash and the COF. Hogs continue to correct. Grains extending gains after reversals and with better export news. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Grains Finally Rally but Jim McCormick Discusses if the Market Can Build on it
AgDay TV Markets Now: Grains finally close higher but can the markets build on it? Jim McCormick, AgMarket.Net, has the answer.
Grains finally end higher, but can the market build on it? Cattle make new highs for the move pre-COF, while crude oil rallies in a risk on day. Jim McCormick, AgMarket.Net has more.
Grains have all traded 2-sided with fund selling on a lack of bullish news, still searching for lows. Cattle stage impressive rally ahead of COF & cash news, hogs struggle. DuWayne Bosse, Bolt Marketing, has analysis.
Corn & wheat see more fund selling, beans struggle to bounce. What will turn these markets around? Cattle up with beef, COF, await cash. Interest rate talk hits outside markets. Darin Newsom, Barchart, has more.
AgDay TV Markets Now: Allison Thompson, The Money Farm, says grains see fund selling with a risk off day in outside markets, China’s GDP tanks soybeans and meal.
Grains fall on risk off technical selling. Beans & meal led losses on China’s GDP news. Corn, KC & MN wheat hit contract lows. Cattle rebound despite bearish outside markets. Allison Thompson, The Money Farm, has more.
Soybeans fall on China GDP news, while corn and wheat struggle to hold early gains. Why? Cattle consolidate awaiting cash, while hogs struggle with processing hiccpus. Kent Beadle, Paradigm Futures, has details.
Risk off outside markets & China GDP data pressures soybeans, corn is following wheat with short covering. Cattle see profit taking after the chart breakout. Hogs consolidate. Randy Martinson, Martinson Ag, has more.
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says corn falls on report hangover, bearish outside markets, while soybeans bounce with record crush but may not hold report day lows.