Market Analysis
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.
The market moves this week give volatility a whole new meaning, says Jerry Gulke, president of the Gulke Group.
AgDay TV Markets Now: Rich Nelson, Allendale, says funds take profits in row crops on Thursday on a better extended weather forecast. What yield is the market trading?
Corn & beans lower on profit taking & improved weather. Wheat mixed awaiting fresh war news. Live cattle consolidate ahead of cash. Hogs mostly lower so is the seasonal rally over? Rich Nelson, Allendale has more.
Corn, beans, cotton lower on profit taking, weather, stronger dollar. Wheat is mixed awaiting fresh war news. Cattle trying to rebound with lower corn. Shawn Hackett, Hackett Financial Advisors has details.
Grain markets go through three stages: greed, hope and fear. With two weeks of lower prices, the markets could be headed to the fear stage, says Jerry Gulke, president of the Gulke Group.
The annual Acreage and quarterly Grain Stocks reports are historically market movers. Read our pre-report coverage and analysis below.
The price rally that started in the fall of 2020 definitely attracted more corn acres in 2021. That was confirmed in USDA’s June Acreage report.
A big round of USDA reports this week ignited the grain markets.
The grain markets changed trend this week, thanks to a big round of USDA reports.
Stable crop conditions and some unexpected rains made grain prices drift lower this week.
Old crop beans hit contract highs on China export biz, expanding drought. Corn & wheat try to follow. Cattle 2-sided, while hogs see seasonal strength. Mike Zuzulo, Global Commodity Analytics has more.
AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing, talks about the impressive rally in hogs, if it is nearly done seasonally and if producers should be hedging.
Corn and soybean prices sank lower this week. Why? Several factors played in, says Jerry Gulke, president of the Gulke Group.
“We’re significantly off the highs of the year, and it may be turning more negative depending upon what the report says next week,” says Jerry Gulke, president of the Gulke Group.
“In spite of some global economic headwinds and an open harvest week, the grain markets seem unphased,” says Jerry Gulke, president of the Gulke Group.
The markets reacted negatively to the Oct. 12 USDA reports. But prices regained some of their losses.
October is ending on a high note for the corn and soybean markets.
As December comes to a close, the grain markets are offering a few gifts. March corn prices were up 3.25¢ and new-crop December corn prices were down 4.5¢, for the week ending Dec. 17.
AgDay TV Markets Now: Garrett Toay, AgTraderTalk says grains take a pause from the rally but will continue to hold risk premium over war and weather concerns.
Grains close mostly lower with profit taking but eye on weather and Black Sea news. Cattle consolidate in a healthy correction, hogs pushed by strong cash and cutouts. Garrett Toay, AgTraderTalk has details.