Market Analysis
AgDay TV Markets Now: Tommy Grisafi of Advance Trading discusses the risk off selling in grains and the drop coming in cash grain prices as May options expire and elevators roll from bidding off May to July.
Markets end mostly lower on risk off, profit taking on corn & soybean spreads, and poor exports. Nearby cattle hit new highs after record cash, then saw hedge pressure. Tommy Grisafi of Advance Trading.
Nearby cattle hit new highs as record cash trickles in, while hogs make new contract lows. Corn and soybeans have backed off highs, with lower wheat but still seeing bull spreads. Mike Minor of Professional Ag Marketing.
Corn and Soybeans See Bull Spreading with China Biz and Tight Cash Markets. Crude Oil Has a Chart Breakout, While Cattle are Red Hot!
Corn and beans mixed with tight supplies and bull spreads, while new crop trades weather. Wheat also mixed on spreads. More highs in cattle chasing cash while hogs can’t find a bottom. Garrett Toay, AgTraderTalk.
AgDay TV Markets Now: Garrett Toay of AgTrader Talk Says Tight Supplies and Bull Spreads Support Old Crop Corn and Beans, While Cattle Show No Signs of a Top
Grains higher except new crop corn and beans with better weather. Cattle making more highs with futures still at a discount to cash, while hogs look for a bottom. Mark Schultz of Northstar Commodity has details.
Grains mixed eyeing weather but will row crops get their typical spring rally? Cattle and milk futures rally, can they be sustained? Bryan Doherty of Total Farm Marketing has the answers.
The April WASDE was slightly bearish for U.S. ending stocks compared to expectations, while Argentina production was cut by 3 mmt on corn and 6 mmt on soybeans due to drought.
AgDay TV Markets Now: Brian Grete of Pro Farmer says WASDE slightly bearish for grains but beans higher on news Argentina will allow exporters to delay shipments.
Grains mixed after a neutral to slightly bearish WASDE vs. expectations & w/South American production already factored in. Cattle score more record highs, while hogs are held back by cash. Brian Grete, Pro Farmer.
Grains mixed after the WASDE. USDA left corn and soybean ending stocks unchanged, but raised wheat by 30 mb. They also lowered Argentina soybean production 6 mmt. Brian Splitt of AgMarket.Net has more.
Cattle make more new contract highs pushed by record cash and it may top that this week. Hogs see more fund selling. Grains mixed ahead of the WASDE, watching weather. Brad Kooima of Kooima Kooima Varilek has more.
Corn and wheat higher trading weather and the WASDE, soybeans set back unable to get above $15. Cattle make new highs on record cash trade. DuWayne Bosse of Bolt Marketing has details.
Grains end mostly higher Monday on weather and technical buying heading into the WASDE. Cattle futures make more new contract highs on record high cash but is the top in sight? DuWayne Bosse of Bolt Marketing.
Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs hit new lows then try to bounce. Randy Martinson of Martinson Ag has more.
Grains mixed on weather, WASDE positioning, export inspections. Live cattle push back into contract highs with strong cutouts, hogs rebound. Michelle Rook has a quick summary.
AgDay TV Markets Now: Joe Vaclavik of Standard Grain talks about how USDA will work the lower quarterly stocks into the balance sheets in Tuesday’s WASDE Report.
Grains End Mostly Lower on Profit Taking as Weather Improves, Cattle Hit New Highs: What’s the Next Move for Crude Oil? Darin Newsom with Barchart covers it all!
Corn and soybeans lower on fund selling and improved weather. Cattle hit new contract highs with sharply higher cash trade. Joe Vaclacik of Standard Grain has analysis and a WASDE Report preview.
Corn and soybeans lower on improved weather, Argentina soy peso program, fund profit taking heading into a 3-day weekend and WASDE Report. Cattle gap higher on strong cash. Steve Freed, ADM Investor Services.
AgDay TV Markets Now: Naomi Blohm with Total Farm Marketing Says Improved Weather and Profit Taking Weighed on Grains Wednesday.
Grains end lower on improved weather and profit taking ahead of the 3-day holiday and the next WASDE. Live cattle rebound with higher beef prices, but will the recovery continue? Naomi Blohm of Total Farm Marketing.
Grains mixed on weather, export demand and pre-WASDE positioning. Cattle rebound on sharply higher beef, while deferred hogs fall with lower cash. What is the outlook for crude oil? Rich Nelson of Allendale.
Corn and beans lower on profit taking & weather initially but seeing risk off selling and that’s pulling wheat down. That has also eroded early gains in livestock. Chuck Shelby, Risk Management Commodities.
Grains and cotton mostly lower improved weather and technical selling, despite corn and soybean export sales. Risk off continues with more talk of interest rate hikes. Shawn Hackett of Hackett Financial Services.
AgDay TV Markets Now: Jim McCormick of AgMarket.Net talks about what caused the risk off day in outside and commodity markets on Tuesday.
Markets lower with a risk off day in outside markets spilling over but corn and soybeans also saw profit taking with a change in weather. Cattle confirmed the reversal. Jim McCormick, AgMarket.Net .
With the USDA Prospective Plantings and quarterly Grains Stocks reports in the rearview mirror, the market will now focus on weather for the planting season.
Cattle bounce but will they negate the reversal, and will cash be higher again? Hogs mixed. Profit taking and a change in weather pressure corn and beans. Brad Kooima of Kooima Kooima Varilek.