Market Analysis
A mostly lower start in grain and livestock futures. A risk off day in the outside markets, with a higher dollar, spills over. Argentina conditions are mixed. Allison Thompson of The Money Farm has details.
AgDay TV Markets Now: Kevin Good of CattleFAX Has a Bullish Cattle Price Outlook for 2023
Grains closed mixed as corn and KC wheat hit chart resistance, but new highs in soybean meal helped soybeans. Livestock rebounded on technical short covering. Chip Nellinger of Blue Reef AgriMarketing has more.
CattleFAX provided their cattle price outlook for 2023. Michelle Rook talks with Kevin Good of CattleFAX to get details.
Grain and livestock futures see early strength. Technical buying in grains, drier weather in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer’s Keeper.
Cattle futures lower fading USDA’s Cattle Inventory Report. Hogs resume their slide, while grains ended mixed as soybeans see profit-taking. Is the weather rally over? Brad Kooima of Kooima Kooima Varilek has more.
AgDay TV Markets Now: Brad Kooima of Kooima Kooima Varilek says cattle futures fade USDA Cattle Inventory Report but will eventually make record highs.
AgDay TV Markets Now: Oliver Sloup of Blue Line Futures talks about the mixed closes with end of the month positioning the main feature, but corn and soybeans also continue to fail at resistance.
Grains try to recover midday with help from the reversal in outside markets. Live cattle are mixed with bullish hopes for the USDA Cattle Inventory Report. Scott Varilek of Kooima Kooima Varilek has details.
Grain and livestock traded 2-sided with end of the month positioning, profit taking & spread unwinding. However, corn & soybeans failed to take out chart resistance. Oliver Sloup, Blue Line Futures has analysis.
Grains see corrective buying end of month, hit resistance, plus risk off in outside markets. Profit taking in LC after new contract highs, while hogs continue their recovery. Rich Nelson of Allendale has more.
AgDay TV Markets Now: Matt Bennett of AgMarket.Net talks about the SA weather rally in soybeans and meal and if those markets can move higher? Plus, live cattle hit contract highs on higher cash.
Grains mostly higher with new contract highs in soybean meal putting in SA weather premium, but how high can prices go? Live cattle hit new contract highs on higher cash. Matt Bennett of AgMarket.Net has details.
Grains higher except corn, with weather concerns in South America. How much higher can soybeans go? Live cattle make new contract highs with help from higher cash. Ted Seifried of Zaner Ag Hedge has analysis.
AgDay TV Markets Now: Randy Martinson of Martinson Ag talks about Friday’s market action and how all the grains posted higher weekly closes despite improved weather in Argentina and HRW areas.
Grains close mixed Friday. Profit taking & Argentina rain weigh on soybeans, but all the grains had higher weekly closes. Cattle were up on $156 southern cash. Randy Martinson, Martinson Ag has more.
Egg prices in the store are at 50-year highs prompting a Federal Trade Commission investigation into price gouging. but one economist says it isn’t warranted.
Grains mixed after early profit taking, Argentina rains, but are working on higher weekly closes. Livestock are mostly higher on short covering, despite soft cash. John Heinberg of Total Farm Marketing has more.
Livestock opened higher but live cattle fade after disappointing cash. Hogs are failing to build on yesterday’s technical reversal. Grains lower on profit taking. Scott Varilek of Kooima Kooima Varilek has more.
AgDay TV Markets Now: Vince Boddicker of Farmers Trading Company talks about the combination of factors that drove the grain rally on Thursday.
Grains higher on technical buying, higher CO, export news, Arg crop losses, weather & risk premium. Profit taking in cattle w/steady to lower cash. Hogs bounce. Vince Boddicker, Farmers Trading Company has more.
Grains higher with technical buying, weather and export news all factors. Cattle seeing profit taking awaiting cash, while hogs see some short covering. Michelle Rook has details.
Grains and cotton higher with technical buying and supportive export news. Cattle seeing profit taking awaiting cash. Hogs also lower. John Payne of Hedge Point Global Markets.
AgDay TV Markets Now: Don Roose Discusses if Soybeans and Meal are Putting Weather Premium Back In ?
AgDay TV Markets Now: Don Roose of U.S. Commodities talks about the bounce in soybeans and meal and if they’re adding Argentina weather premium back in? Plus, will deferred live cattle continue to make new highs?
Soybeans, meal end higher and may have taken out enough weather premium. Wheat saw short covering, but corn couldn’t follow. Deferred live cattle scored new contract highs. Don Roose of U.S. Commodities has more.
Livestock mixed, with cattle awaiting cash direction. Grains trying to hold gains led by wheat, have soybeans taken out enough weather premium? Jeff Hoogendoorn of Professional Ag Marketing has analysis.
Wheat sees corrective buying, soybeans more technical selling with good rains in Argentina. Corn is caught in the middle. Cattle and milk markets are lower. Bryan Doherty of Total Farm Marketing has details.
AgDay TV Markets Now: Pro Farmer’s Brian Grete talks about the corrective bounce in corn and wheat and why soybeans couldn’t hold $15.
Corn and wheat saw corrective buying, but soybeans couldn’t stay above $15 with farmer selling and improved weather in Argentina. LC saw fund buying, while hogs were lower. Brian Grete, Pro Farmer has details.
Cattle futures lower with higher corn and fears of lower cash, hogs can’t find a bottom. Grains started off with some corrective buying but it’s drying up in soybeans. Brad Kooima of Kooima Kooima Varilek has more.