Market Analysis
A risk off day in outside markets as Fitch downgrades U.S. debt has grain, cotton and livestock lower, weather is bearish and funds sell as chart support is violated. John Payne, Hedge Point Global Markets has more.
A risk off day in grains w/rains falling and more in the forecast. That’s trumping new port attacks on the Danube River. What’s that mean for basis levels? Cattle consolidate. Nick Tsiolis, Farmers Keeper has more.
AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing says soybeans bounce and may have taken out enough weather premium, but corn is vulnerable. Cattle bounce off support with higher product values.
2021 has rolled out the red carpet for grain producers. March corn prices were up 12.5¢ and March soybean prices were up 66.25¢ for the week ending Jan. 8.
Changing your perspective from last trading day of future to the first notice day depicts the “gapping” lower due to inverted prices. Note: the price-gapping from old to new crop July to September is similar to 2012.
Soybeans recovered with the products, corn and wheat were lower on weather and the higher dollar. Cattle closed strong with help from higher product, hogs reversed lower. DuWayne Bosse, Bolt Marketing has more.
Grains turn lower on technical selling, better weather and a higher dollar. Cattle bounce after holding chart support, and w/product values sharply higher, hogs reverse. Ted Seifried, Zaner Ag Hedge has details.
While 2020 may be one from the history books, be sure to note its gleanings in terms of insights for being a better marketer in the years ahead.
This year should not be about marketing at breakeven, but about a targeted point of profitability. Once you hit that point, make incremental sales as the market moves higher.
The grain markets took a hit this week. March corn prices were down 29.25¢ and March soybean prices were down $1.05 for the week ending Jan. 22.
Cattle bounce as cash ideas turn higher, hogs see profit taking in all but the August contract. Soybeans bounce after lower crop ratings, corn flat. Brad Kooima, Kooima Kooima Varilek has more.
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains implode removing weather and war premium and funds take profits end of month. However, the selloff is overdone.
Lower grains with month end fund selling, removing weather, war premium. Live cattle slideon softer cash, feeders up with lower corn. Hogs saw end of month profit taking. Tomm Pfitzenmaier, Summit Commodity has more.
After a rough week last week, grain prices have rebounded. March corn prices were up 46.75¢ and March soybean prices were up 56¢ for the week ending Jan. 29. March wheat prices were up 28¢.
March corn prices were up 1.25¢ and March soybean prices were down 2¢ for the week ending Feb. 5. March wheat prices were down 19.50¢.
March corn prices were down 9¢ and March soybean prices were up 6¢ for the week ending Feb. 12. March wheat prices were down 3.25¢.
Marketing your grain during rallying markets is stressful. To learn some tips, attend a webinar today with grain market analyst Matt Bennett.
March offers a big lineup of USDA reports. Each will offer key insights to big market questions.
Grains lower on fund selling, removing risk premium on improved extended forecasts. Soybeans ignore China export biz. Live cattle lower working in softer cash, hogs consolide. Randy Martinson, Martinson Ag has more.
For this week, May corn prices were up 18.25¢ and May soybean prices were up 1.75¢, for the week ending March 19. May wheat prices were down 12¢.
The markets continue to exercise caution ahead of the fourth and final big USDA report this month.
Grains lower still removing weather & war premium, ignoring the 4.85 mb new crop beans to China. Live cattle lower with sloppy and limited cash, hogs consolidating. Kent Beadle, Paradigm Futures has more.
AgDay TV Markets Now: John Heinberg of Total Farm Marketing says corn and soybeans remove weather premium and could see more technical selling pressure after chart damage.
With the dry areas getting smaller and the wetter areas getting wetter, Jerry Gulke says the market is justified in removing weather premium from corn and soybeans.
Grains Lower Friday Removing Weather Premium, Row Crops do Technical Damage: That Supports Livestock
Grains lower as funds sell removing weather premium, row crops do chart damage. Cattle supported by lower corn, higher cash bids. The LHI keeps pulling along hog futures. John Heinberg, Total Farm Marketing has more.
Grains lower on fund selling, removing weather premium. Cattle up on softer corn and as feedlots hold out for higher cash. Hogs still pushed by the rising cash index. Scott Varilek, Kooima Kooima Varilek summarizes.
The excitement in the grain markets continues. July corn prices were up 58.25¢ and July soybean prices were up 55.75¢, for the week ending May 7.
The grain markets posted major moves this week. December corn prices were up 45.50¢ and November soybean prices were up 62¢, for the week ending June 4.
Grains see profit taking with better extended forecasts, plus a lack of fresh war news. Soybeans fade 33.4 mb of export biz. Livestock higher with lower feed prices. Allison Thompson with The Money Farm has details.
Right now, the grain markets are focused on the haves and the have nots. That is those areas that have received rain and those who have not.