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Jerry Gulke, president of the Gulke Group, says the market was disappointed soybeans were not part of the U.S. China trade discussion on Friday and as a result he’s altering his soybean marketing strategy.

“I’ve had conversations with lawmakers on the hill, counterparts in the white house and across the cabinet. We are putting together options from A to Z, so when the President decides it’s time, we can step in,” she says.

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.

Shawn Hackett, Hackett Financial Advisors, says the soybean market fell on disappointment talks between President Trump and Chinese President Xi on Friday did not include soybeans, that also weighed on corn and wheat.

While application season is still weeks away, retailers and other suppliers are encouraging farmers to reserve product now.

Scott Varilek with Kooima Kooima Varilek, says the last time placements and markets were this low was in 2015, which may be signaling heifer retention is starting to take place.

Price action summary and outlook for the next 5, 30 and 90 day segments.

With most input prices still record or near-record high, farmers in parts of the country have seen eroding balance sheets for four straight years. Now the concern is more farmers will be forced out of farming this year, unless they see some type of market or government intervention.

Scott Varilek with Kooima Kooima Varilek says cattle futures have seen a choppy week but are higher to start Friday after some better than expected cash trade.

Craig Turner with StoneX says corn and soybeans saw additional profit taking Thursday and pressure from harvest pressure and record soybean production estimates for Brazil.