Market Analysis
Shawn Hackett of Hackett Financial Advisors says the fund selling in corn and soybeans is overdone and prices are fundamentally getting too cheap.
Macroeconomic concerns continue to cause fund selling in all but wheat. That’s despite confirmation of China corn export biz of 24.1 mb. Scott Varilek of Kooima Kooima Varilek has analysis.
After a week of fund selling and technical damage in the grains Bryan Doherty of Total Farm Marketing discusses if the market will stage a recovery rally.
Grains mixed but try to bounce after fund sell off in corn and wheat this week. Can soybeans hold $15? Cattle see more profit taking w/steady cash, short covering in hogs. Bryan Doherty, Total Farm Marketing.
AgDay TV Markets Now: Grains Hit Hard by Fund Selling Arlan Suderman with StoneX Groups Talks About How Much Lower Prices Could Go
Grain markets are lower as fund selling has escalated while wheat makes new contract lows. Livestock markets are mixed. Shawn Hackett of Hackett Financial Services has details.
Beans fade the higher opening, drug down by corn and wheat. Live cattle see more profit taking, feeders up on softer corn. Vince Boddicker of Farmers Trading Company.
AgDay TV Markets Now: Matt Bennett of AgMarket.Net has analysis of the WASDE report and why soybeans faded bullish numbers and corn overreacted.
WASDE Report was bullish for soybeans with a cut in U.S. ending stocks and 8 mmt cut in Argentina production, corn ending stocks bearish, raised 75 mb. Wheat balance sheet unchanged. Jim McCormick of AgMarket.Net.
Grains mixed & quiet ahead of the WASDE report but outside markets have settled down. Livestock mostly lower w/cattle consolidating awaiting cash and hogs pressured by rising numbers. Michelle Rook an update.
AgDay TV Markets Now: Brian Grete Says Grains Mixed Tuesday with Profit Taking and Report Positoning
AgDay TV Markets Now: Brian Grete of ProFarmer Says Grains Mixed Tuesday on Profit Taking and Report Positioning
Tommy Grisafi with Advance Trading explains why both short- and long-term interest rates are up.
Grains end mixed with report positioning and profit taking in soybeans, meal and bean oil. Cattle consolidate under new highs awaiting cash. Hogs continue to try to find a bottom. Details w/Brian Grete of Pro Farmer.
Corn and soybeans lower on report positioning, profit taking in beans with lower BO. Cattle consolidate after new highs, lower DOW, await cash. Hogs lack support. Scott Varilek of Kooima Kooima Varilek.
Grains mostly lower on follow through technical selling and profit taking in beans. Cattle 2-sided with slight consolidation after new highs. Hogs lower on rising supplies. DuWayne Bosse of Bolt Marketing has more.
Soybeans higher w/ contract highs in meal. Technical selling in wheat w/ moisture in HRW areas held back corn. Deferred cattle hit more contract high w/ strong cash. John Heinberg, Total Farm Marketing has more.
Soybeans up with new highs in meal, but wheat is pulling down the corn. Cattle higher with strong cash, but hogs can’t get traction with lagging cash and cutouts. Mark Schultz with Northstar Commodity has more.
Technical selling in corn & wheat, report positioning and hope on the Black Sea Export deal. Soybeans rebound w/meal making new highs on Argentina crop concerns. Cattle up with strong cash. Profit taking in hogs.
AgDay TV Markets Now: Randy Martinson of Martinson Ag Talks About How the February Crop Insurance Prices May Impact Planting Decisions.
A mostly higher close except wheat, w/ more short covering in corn and beans but how much more recovery will we see? Cotton prices firmer, while cattle up following cash. Shawn Hackett, Hackett Financial Advisors.
Corn, soybeans see more short covering, w/strong meal & drop in Argentina crop ratings. Cattle up with strong cash, putting in weather premium, hogs up for now. Scott Kooima of Kooima Kooima Varilek has details.
Markets mostly higher. More short covering in grains w/ the lower dollar and declining Argentina ratings. Soybeans hit 50% retracement. Cattle bounce with firmer cash. Randy Martinson of Martinson Ag.
AgDay TV Markets Now: Soybeans and wheat continued to recover on Thursday, but corn wasn’t able to maintain its early strength. DuWayne Bosse of Bolt Marketing explains why.
Grains see follow through buying and short covering but are the bottoms in? More profit taking in the cattle so is this topping action? Darin Newsom, Sr. Market Analyst with Barchart has the answers.
AgDay TV Markets Now: Grains finally see a short covering bounce Wednesday but after the selloff in grains what should farmers be doing for marketing? Tomm Pfitzenmaier of Summit Commodity Brokerage has advice.
AgDay TV Markets Now: Ted Seifried of Zaner Ag Hedge talks about why the funds continue to sell the grains and how much technical damage has been done to corn and soybean charts.
Another day of fund selling in the grains when does it end? Cattle continue to charge higher with more contract highs in feeders, how high will that market go? Ted Seifried of Zaner Ag Hedge has the answers.
Fund selling continues as corn & beans have broken major support. Wheat is trying to bottom. Cattle back into contract highs with lower corn, higher cash ideas. Tomm Pfitzenmaier, Summit Commodity Brokerage.
Livestock mixed on end of month positioning. However, cattle should be supported by higher cash ideas this week. Funds continue to sell in grains taking out support. Brad Kooima of Kooima Kooima Varilek has more.
AgDay TV Markets Now: Kevin Duling of KD Investors talks about the continued fund selling in grains and how much lower the markets may go.