Market Analysis
Grains lower on Tuesday. Randy Martinson of Martinson Ag says technical traders are liquidating pre-holiday on demand concerns, including slow exports, rising COVID cases in China and a possible rail strike.
Live cattle see profit taking after bullish COF and cash ideas. Hogs seeing fund buying and bull spreads, corn is two-sided watching outside markets. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
Grains Quiet and Two-Sided Early Watching Higher CO, Lower Dollar: Cattle see Profit Taking, Hogs Up
Grains slightly higher early with higher CO & the lower dollar, despite China COVID lockdowns. Cattle see profit taking, hogs extend gains. Michelle Rook w/Tomm Pfitzenmaier of Summit Commodity Brokerage.
Although domestic demand for U.S. corn continues to be strong, export demand has been disappointing. What is impacting exports? What are your expectations for the winter?
Corn and wheat weaker Monday with slow export inspections and a higher dollar, while soybeans shook off China COVID concerns on strong export shipments. Michelle Rook & Mike Zuzulo, Global Commodity Analytics.
Corn & wheat weaker on slow demand. Soybeans shook off the rising China COVID cases with strong export inspections. Cattle rallied on the COF report. Michelle Rook w/Mike Zuzulo Global Commodity Analytics.
Grains lower on technical selling and the risk off in outside markets w/rising COVID cases in China. Cattle open higher w/bullish COF report, hogs mixed. Michelle Rook w/Allison Thompson of The Money Farm.
A long-held belief is that it’s best to be “long-iron and short-taxes.” That’s likely to limit downside risk in the used equipment market through the end of the year.
Grains manage to hold key support areas despite the volatile week. Where does the market go from here? Michelle Rook asks Oliver Sloup of Blue Line Futures.
Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but will it continue? Hogs lower. Michelle Rook w/Oliver Sloup of Blue Line Futures.
Grain mixed with short covering in row crops waiting for fresh news, technical selling in wheat. Cattle higher with lower corn, higher cash and report positioning. Michelle Rook w/Randy Martinson, Martinson Ag.
Grains two-sided, consolidate watching outside markets like lower crude oil. Cattle seeing higher prices on cash strength with profit taking in hogs. Michelle Rook w/ Chuck Shelby of Risk Management
Corn ends slightly higher, wheat off lows. Has market absorbed Black Sea Export Deal extension? Soybeans hit w/lower BO and SA weather. Will these levels hold? Michelle Rook w/Matt Bennett of AgMarket.Net.
Corn ends slightly higher, wheat off lows, absorbing the Black Sea Export Deal extension. Soybeans saw technical selling pressure w/lower BO. Cattle strong w/higher cash. Michelle Rook w/Matt Bennett, AgMarket.Net
Grains see more technical selling, extension of Black Sea Export Deal and risk off outside markets. Cattle firmer with lower corn and higher cash. Michelle Rook w/John Heinberg, Total Farm Marketing.
Grains lower w/extension of Black Sea Export Deal, risk off outside markets. Cattle mixed on report positioning. Hogs lower on exports, big slaughter. Michelle Rook w/Scott Varilek of Kooima Kooima Varilek.
Soybeans pressured by lower soybean oil and SA rains. Corn & wheat removed war premium, but corn held support w/ the largest single purchase of corn by Mexico. Michelle Rook w/ Alan Brugler, Brugler Marketing.
Grains close lower with soybeans pressured by lower soybean oil and SA rains, corn and wheat removed war premium. Livestock ended higher with technical buying. Michelle Rook w/ Alan Brugler, Brugler Marketing.
Grains see technical selling removing Black Sea war and SA weather premium. Mexico largest single purchase of U.S. corn ever. Buy it before you ban it? Michelle Rook talks with Joe Vaclavik of Standard Grain.
Grains see early technical selling removing war/risk premium, with lower CO. Testing support areas, despite a 73.5 mb corn to Mexico. Cattle & hogs higher w/lower corn. Michelle Rook w/ Kevin Duling KD Investors.
Grains higher Tuesday on short covering, following crude oil, after news of a Russian missile hitting Poland. Strong NOPA crush, Mexican export biz also supportive. Michelle Rook is with Brian Grete on AgDay TV.
Markets close higher except cattle. Grains & crude oil reverse weakness w/talk of a Russia missile hitting Poland. Cattle mixed, with technical buying supporting hogs. Michelle Rook & Brian Grete, Pro Farmer.
Live cattle bounce off support but where is the market headed? Hogs see more technical buying. Corn holds support at 6.50 and bounces w/soybeans and CO. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
Grains open lower on more technical selling, lower crude oil improved SA weather, and ideas of Black Sea export deal extension. Live cattle see technical selling. Michelle Rook w/ Kent Beadle Paradigm Futures
Monday’s markets saw corn and soybeans lower following crude oil with rising COVID cases in China, poor exports, Argentina rains. Wheat saw a technical bounce. Michelle Rook w/Darren Frye Water Street Solutions.
Corn, soybeans lower w/rising COVID cases in China, lower CO and a strong dollar. Wheat sees a technical bounce. Live cattle lower on technical selling. Michelle Rook w/ Darren Frye Water Street Solutions.
Grains mixed with lower crude oil, higher dollar, SA weather. Cattle 2-sided watching corn, cutouts and higher slaughter. Hogs rebound w/ higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
Corn and beans down on lower crude oil, higher dollar, SA weather. Cattle mixed w/ lower corn, but lower cutouts & higher slaughter. Hogs rebound w/higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
Corn and beans down on lower crude oil, higher dollar, SA weather. Cattle mixed w/ lower corn, but lower cutouts & higher slaughter. Hogs rebound w/higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
Grains and cotton higher on easing China COVID policies, higher crude oil, sharply lower dollar, continuing to digest the CPI data. Cattle saw profit taking. Michelle Rook w/ Tommy Grisafi of Advance Trading.