Market Analysis
Grains close higher on corrective buying and positioning headed into the WASDE. Cattle added wx premium with higher cash ideas, hogs up for a 4th day trying to confirm a season low. Brian Grete, Pro Farmer, has details.
Grains all higher midday with corn and soybeans oversold and seeing some corrective buying pre-WASDE. Cattle firm up with winter weather and hogs forming a season low. Kent Beadle, Paradigm Futures, has more.
Cattle up after disappointing Monday, with strong cash, winter wx supportive. Hogs advance on short covering. Soybeans make new lows, corn 2-sided after contract lows. Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Randy Martinson, Martinson Ag, explains what caused the funds to push grains to new lows and where the next areas of technical support are on the charts.
Corn hits contract lows, new lows for the move in beans & wheat w/risk off fund selling on lower crude oil, U.S./Brazil wx. Live cattle consolidate despite strong cash. Randy Martinson, Martinson Ag, has more.
New lows in corn & soybeans on risk off funding selling following crude oil, plus rains in Brazil. Cattle off highs, despite strong cash & wx. Hogs extend gains. DuWayne Bosse, Bolt Marketing, has more.
Noted ag economist Dr. David Kohl forecasts tighter margins in the year ahead and emphasizes the need to globalize and future-proof operations.
AgDay TV Markets Now: Darren Frye, Water Street Solutions, discusses if the grain markets can recover after an ugly week and going into the WASDE.
Darren Frye with Water Street Solutions says there are no signs of a low yet in the soybean and corn markets, but Chicago wheat may have confirmed a bottom and will be the leader of the three wheat classes.
Corn and soybeans lower on fund selling w/poor exports & removing Brazil wx premium, wheat up on short covering. Cattle set back with softer cash, while hogs bounced. Darren Frye, Water Street Solutions, has more.
Corn falls and soybeans make new lows for the move w/exports a MYL, & better Brazil wx. Wheat bounces on short covering. Cattle 2-sided with beef lower, cash higher. Crude oil up. Darin Newsom, Barchart, has more.
AgDay TV Markets Now: Arlan Suderman, StoneX, says soybeans slide but may be taking out too much risk premium with the crop losses in Brazil. Corn and wheat stage a technical bounce with the lower dollar.
Funds sell soybeans on better Brazil wx, but how big is the crop? Wheat sees short covering w/a lower $, corn follows. Cattle consolidate on lower beef, hogs bounce off contract lows. Arlan Suderman, StoneX has more.
Cattle consolidating after hitting chart resistance, with lower boxed beef prices. Hogs and corn higher on short covering, while soybeans slide back lower on SA weather. Brad Kooima, Kooima Kooima Varilek, has more.
Row crops bounce off support after another contract low in corn, while wheat sees spec selling. Cattle consolidate, with more contact lows in hogs. Chuck Shelby, Risk Management Commodities, has analysis.
Soybeans see light corrective buying, while corn hits new contract lows and tries to follow. Cattle see profit taking with lower boxed beef, hogs make more contract lows. Mark Schultz, Northstar Commodity, has more.
Grains see follow through fund selling with poor technicals and improved SA weather. Cattle lower on profit taking and lower boxed beef, with short covering in hogs. Tomm Pfitzenmaier, Summit Commodity, has details.
AgDay TV Markets Now: Bryan Doherty of Total Farm Marketing pinpoints what caused the selloff in grains to start 2024 and how much more pressure he expects.
Contract lows in corn, 6 1/2 month lows in soybeans with risk off technical selling, & improved SA wx. Hog & milk futures also fall, while cattle chased higher cash. Bryan Doherty, Total Farm Marketing has more.
Grains sink, contract lows in corn on risk off fund selling on Red Sea shipping concerns, Brazil wx, & farmer selling. Hogs slide to new lows, with cattle following cash higher. Kent Beadle, Paradigm Futures, has more.
2023 was a lower year for all the grains as the market went through a commodity reset similar to 2013. What’s ahead for 2024?
Cattle rally with cash up to $173, few $174 last week and adding weather premium. Hogs mixed. Grains fall with improved SA weather, beans take out Oct. lows. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Brad Kooima, Kooima Kooima Varilek, recaps a record year in the cattle market and discusses if new highs are possible in 2024.
AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing, recaps grain market action in 2023 and looks ahead at what he expects in 2024.
AgDay TV Markets Now: Kent Beadle, Paradigm Futures, discusses what the grain market will focus on to start 2024.
2023 was a lower year for nearly every major ag commodity market except cattle. Randy Martinson, Martinson Ag, recaps the year and looks ahead at what may move the markets to start 2024.
Ag markets mostly lower with risk off in markets like crude oil. Wheat adds Black Sea risk premium. Cattle also fell with lower CH beef, despite So. cash up $1. Hogs lower. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: John Payne, Hedge Point Global Markets, says corn and wheat see profit taking. Grain markets will need a supply or demand shock to get a significant rally, even soybeans.
Corn and wheat see profit taking. Soybeans rallied late with short covering in bean oil. Live cattle consolidated. Hogs saw follow through selling except Dec. John Payne, Hedge Point Global Markets, has details.
AgDay TV Markets Now: Scott Varilek, Kooima Kooima Varilek, says cattle fade bearish COF, while grains up on short covering and end of year positioning plus underlying demand.