Search - AgWeb

Funds reached set a record net long position in lean hogs according to last week’s Commitment of Traders report. They are also aggressively long live cattle and feeder cattle too, increasing the risk of long liquidation.

Allison Thompson with The Money Farm says pressure in the grains came from a lack of news or fresh demand, farmer selling and bearish outside markets like lower crude oil and a higher dollar.

Grain markets received friendly news in the most recent WASDE report but have failed to find any follow through momentum. A sign of caution?

Brad Kooima of Kooima Kooima Varilek says cattle are consolidating and the live cattle charts look horrible after Friday’s poor technical action. Soybeans try to extend gains after a higher day Friday and USDA’s 1.4 bushel per acre yield cut.

Corn and beans were firm in the overnight trade but have gave back some of that ground into the morning. Wheat is the weakest link and threatening a technical breakdown.

Watch us on RFD-TV, today at 9:45am CT!

Weekly overview of ag commodity market news and price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.

Jerry Gulke, president of the Gulke Group, says the election might have brought about a paradigm shift in the approach to agricultural policies.

Financial Times reports say President-elect Donald Trump has asked Robert Lightizer to return as U.S. trade representative.

Grain markets finished the week on a high note following what was a friendly report from the USDA. Can the rally continue next week?