Market Analysis
Grain try to bounce after hitting retracement and as drought expands, pre-report. Cattle consolidate with higher corn, hogs also set back before the report. DuWayne Bosse, Bolt Marketing.
AgDay TV Markets Now: As grains sink Chuck Shelby of Risk Management Commodities discusses strategies for farmers to market in these volatile times and with concerns about getting a crop.
Ugly day in the grains with fund liquidation/profit taking on rain chances, EOQ, report positioning. Cattle impress with lower corn. Hogs mixed preparing for the report. Jeff Hoogendoorn, Professional Ag Marketing.
AgDay TV Markets Now: Alan Brugler with Brugler Marketing says grains plummet removing risk premium with forecasted rains and ahead of USDA Reports, despite the lowest crop ratings since 1988.
Grains end sharply lower as funds took profits on possible rain, end of quarter and USDA reports. Cattle bounced but has the market finished its correction and are hogs near a top? Alan Brugler, Brugler Marketing.
Grains lower ignoring lower crop ratings as funds take profits on forecasted rains, EOQ and pre-USDA reports. Cattle surge on lower corn, hogs are mixed but may be topping. Chuck Shelby, Risk Management Commodities.
Cattle higher on lower corn but will it hold with lower cash expectations? Hogs see some profit taking ahead of Hogs/Pigs Report. Gap lower in grains with forecasted rains. Brad Kooima, Kooima Kooima Varilek.
AgDay TV Markets Now: John Payne, Hedge Point Global Markets, says corn and beans trade higher on weather, strong soy products ahead market movers like first notice day and big reports.
Soybeans higher following products, corn & wheat mixed chasing Russia headlines, weather, reports. Cattle correcting after COF, lower cash and beef. Hogs strong helped by cash. John Payne, Hedge Point Global Markets.
Wheat up early on Russia headlines but fade after poor exports news. Corn mixed assessing weekend rains, with soybeans pushed by soybean oil. Cattle lower on COF, cash idea. Hogs up. Kent Beadle, Paradigm Futures.
Grains mostly higher except Dec corn assessing rains, Russia headlines. Cattle set back after COF and lower cash and beef last week, hogs strong. Outside markets quiet. Darin Newsom covers it all.
AgDay TV Markets Now: Mike Zuzulo with Global Commodity Analytics says grains take a break, but the weather market isn’t over as one rain event isn’t going to wipe out the drought areas.
Grains lower w/fund selling/profit taking on better rain chances, risk off. But yet wheat is up for the week. What’s the next move for cattle? Is the hog market topping? Mike Zuzulo, Global Commodity Analytics.
Grains continue lower with profit taking and hedge selling with better rain chances. Cattle recovering with lower corn but positioning ahead of the Cattle on Feed Report. Kevin Duling of KD Investors has more.
Corn and beans saw profit taking on extended rain forecasts, while wheat ended mixed. Cattle bounced with the lower corn and on the long side of spreads with hogs. Ted Seifried, Zaner Ag Hedge.
Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains rallied on weather and the drop in crop ratings and subsoil moisture. The markets pushed through chart resistance and could see continued buying.
Grains rally on weather, drop in ratings, subsoil moisture, fund buying. How much upside is left? Cattle consolidate w/ corn up. Profit taking in hogs w/higher meal. Tomm Pfitzenmaier, Summit Commodity Brokerage.
Grains put in weather premium, with the drop in crop ratings and fund buying. Cattle continue to consolidate with higher corn, lower cash. Hogs see profit taking. Vince Boddicker, Farmers Trading.
Grains gap higher on drop in crop ratings, fund buying, only BO is lower on the EPA RFS proposal. Cattle consolidate with higher corn, lower cash, cutouts. Hogs see profit taking. Kent Beadle, Paradigm Futures.
AgDay TV Markets Now: DuWayne Bosse of Bolt Marketing says corn and soybeans ended slightly higher but off highs with profit taking and hedge selling. But will retest those areas with lower crop ratings.
Corn and beans end steady to higher trading weather but see profit taking. Wheat mixed on spreading. Cattle consolidated breaking chart support, while hogs rally pushed by cash. DuWayne Bosse, Bolt Marketing.
Grains see light selling with a slight improvement in weather, profit taking and hedge selling after breaking resistance. Cattle consolidate, hogs gap higher pushed by cash. Randy Martinson, Martinson Ag has details.
Cattle lower on consolidation awaiting cash, hogs gap higher w/strong cash. New crop corn and beans see some profit taking, hedge pressure with a little bit better weather. Brad Kooima, Kooima Kooima Varilek.
AgDay TV Markets Now: Bryan Doherty with Total Farm Marketing talks about the new contract lows in Class 3 fluid milk prices and when the market might improve.
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing says grain markets post sharply higher week and strong technical closes. Action could get even more explosive if dry weather forecasts continue.
Grains end sharply higher Friday, for week on fund buying & weather concerns. If it stays dry how high will prices run? Cattle bounce but is a bottom in? Hogs up for the week. Bryan Doherty, Total Farm Marketing.
Grains end sharply higher on Friday and for the week on fund buying, weather concerns. How high will prices run? Cattle bounce but is a bottom in? Hogs post a higher week. Bryan Doherty, Total Farm Marketing.
Grains see massive fund buying in a bull blown weather market. How high will price go? Cattle recover despite weaker cash and higher corn, while hogs reverse. Darin Newsom, Barchart.
Grains see massive fund buying in a bull blown weather market. How high will price go? Cattle recover despite weaker cash and higher corn, while hogs reverse. Darin Newsom, Barchart.
AgDay TV Markets Now: Garrett Toay, AgTraderTalk, discusses if new crop corn can get to $6 or soybeans to $13 on this weather rally?