Market Analysis
Where do the markets go post WASDE? Is the crop going to get smaller going into the September report with much of the heat hitting the crop after August 1? How much will more favorable weather help?
A risk off day has grains under pressure early with improved weather and outside markets reacting to China’s cut in interest rates. Livestock opened mixed with cattle higher on the pullback in corn, but hogs lower.
Corn and soybeans closed higher on Friday after the WASDE numbers, with wheat and livestock futures lower on profit taking before the weekend.
Grains mixed ahead of the WASDE Report, livestock start mixed and then slide on profit taking after the higher day Thursday. Randy Martinson of Martinson Ag kicks off the market day with Michelle Rook.
Grains close higher with ideas of tighter yields heading into the WASDE. Livestock continue to see technical buying and higher cash supportive.
Grains continue higher midday on weather and yield concerns and positioning ahead of the WASDE. Livestock futures are getting help from strong cash with Oct hogs making new contract highs for a second day.
Grain and livestock futures mostly higher on the open Thursday. Outside markets continue to be supportive, weather and WASDE continue to be watched. Cattle and hogs pushed by strong cash.
A risk on day in the outside markets on the CPI data lifted commodities early. Livestock ended strong but grains faded into the close. Was it WASDE positioning?
A risk on day in the outside markets in reaction to the CPI number has most of the grain and livestock futures higher. Higher cash ideas also giving cattle a boost with Oct hogs exceeding the contract highs.
Higher opening in all but feeders Wednesday. Grains continue to put in risk premium, positive CPI data drives DOW higher and that is supporting livestock.
Grains close higher on Tuesday on lower crop ratings but off highs. Livestock futures were mostly lower on corrective selling.
Grain markets continue strong midday with lower crop ratings, while livestock are seeing profit taking after a strong close Monday. Michelle Rook talks with Jeff Hoogendoorn of Professional Ag Marketing.
Grains sharply higher on the open with the surprising drop in crop ratings and fresh China corn export business. Livestock lower in reaction and see profit taking after contract highs in hogs and feeders yesterday.
Livestock futures open mostly higher with the lower grain trade early. Grains under pressure with early with weekend rains a drag and despite some export sales on corn and beans. WASDE Report next focus.
Livestock are higher with cattle anticipating higher cash, and Oct hogs are near contract highs. Meanwhile grains are mixed ahead of the WASDE.
Grains ended mixed still trying to determine crop size after weekend rains and ahead of crop ratings. Livestock were strong with new contract highs in October lean hogs.
Grains closed mixed on Friday, with livestock higher. Weather and WASDE focus for next week. Michelle Rook wraps up the week with Randy Martinson of Martinson Ag.
Corn and livestock futures rebound at noon, November soybeans disappointed with China export business, while wheat under pressure with strong dollar.
Grains fail to see follow through buying Friday morning despite confirmation of soybean export business. Livestock opened mixed in cattle and lower in hogs.
This structure (or forward curve) in corn and soybean futures should have you focused on this fall’s “Priority 1 bushels.”
A nice rally in grains Thursday, led by soybeans and meal and talk of China export business. Cattle set back on profit taking, hogs rebound with discount in deferred contracts to the index.
Grains continue strong at midday with soybeans and meal leading with talk of China export business. Hogs are mixed with the LHI topping and cattle seeing profit taking after a chart breakout and higher cash yesterday.
Grains continue recovery Thursday morning, despite slow exports. Livestock leaning lower. Michelle Rook gets insight from Kent Beadle of AgSurion Risk Consulting.
It was a risk off day on Monday which produced mostly lower closes, except cattle. Less threatening weather, grain exports out of Ukraine and sharply lower crude oil were all factors.
Livestock are mixed at midday, cattle helped by lower grains trade. Grains pressured in a risk off session, with more favorable weather and grain moving out of Ukraine.
A risk off day produces a lower market opening except for cattle. What is driving it? Michelle Rook has details with Chuck Shelby of Risk Management Commodities.
The Commerce Department put out its second quarter GDP data this week, showing the U.S. economy shrank from April through June.
The weather wasn’t the only catalyst that sparked a soybean rally this week. Naomi Blohm and Matt Bennett discuss why the markets were extremely sensitive to the hot and dry August forecasts and potential market risks.
Markets were higher Friday, except wheat. November soybeans were up $1.53 for week, with December corn up $.56, and Aug LH closed above $120.
Grains continue to be pushed by weather, except wheat. Livestock mostly higher. Michelle Rook talks with Mike Zuzulo of Global Commodity Analytics.