Brady Huck with Advance Trading says corn and soybeans have been holding support and holding up well amid harvest pressure and the China trade woes.
Vince Boddicker with Farmers Trading Company says corn saw some short covering and spillover buying from the rally in the wheat market. However, soybeans ended off lows with the rally in feed grains but still saw pressure on lingering China trade woes.
Mike Zuzolo with Global Commodity Analytics says soybean futures closed slightly higher on Monday as trade tensions with China seemed to ease over the weekend. However, he says the soybean market doesn’t totally trust that a deal is going to take place.
Brad Kooima of Kooima Kooima Varilek says November feeder cattle futures were up over $20 last week and have led the rally on strong cash, tight supplies and the continued cases of New World Screwworm (NWS) in Mexico keeping the border shut.
Scott Varilek, Kooima Kooima Varilek says the feeder futures have put on $22 this week and were due for a correction but still project to $388. Grains see pressure from China trade news.
Dave Chatterton with Strategic Farm Marketing says corn, soybeans and wheat were all lower on Thursday after running into solid chart resistance. However, basis is firming. So, what does that signal?
Don Roose with U.S. Commodities says soybeans ended higher for second day as it looks like the market is trying to carve out a seasonal low.
Mark Knight, Farmer’s Keeper Financial, says soybeans are back higher early Tuesday on light technical buying but awaiting details of the Trump administration’s farmer aid package.
DuWayne Bosse, with Bolt Marketing says he was surprised at how well the corn market is handling the harvest pressure that is ramping up across the Corn Belt.
Brad Kooima, Kooima Kooima Varilek, says the market is staying intact and absorbing a great deal of bearish news including last week’s lower fed cash trade and lower cutouts.