Corn futures were back higher on Tuesday morning following a recovery in the crude oil market says Vince Boddicker with Farmer Trading Company.
Brian Grete with CommStock Investments says corn and wheat fell with crude oil as the President announced a 5-day pause in the military strikes in Iran.
Cattle futures are higher early following the big rally in the equity markets says Scott Varilek with Kooima Kooima Varilek.
Darren Frye with Water Street Solutions says longer term if energy prices stay higher the funds could continue to buy grains on inflation fears but he’s not sure about a full super cycle without several factors falling into place.
Mike Minor with Professional Ag Marketing says grains were mostly lower on Friday with profit taking heading into the weekend due to increased volatility and uncertainty regarding the Iran conflict.
Oliver Sloup with Blue Line Futures says funds were in buying on a combination of higher crude oil futures and money flow.
Joe Kooima of Kooima Kooima Varilek says cattle and hogs are struggling Thursday with the set back in the equity markets.
Dave Chatterton with Strategic Farm Marketing says the ongoing Iran war and higher crude oil prices helped drive speculative buying interest in grains.
Brady Huck from Empower Ag Trading says, “After the volatility that we’ve seen over the last couple of weeks, sometimes these markets just need to find some stability.
Randy Martinson with Martinson Ag says the limit down day in old crop soybeans was tied to the fear that the meeting between President Trump and President Xi scheduled for China at the end of the month will be delayed due to the war.