China
Dan Basse with Ag Resource Company says the next focus for the soybean market in 2026 will be South American weather and what does China do on long term soybean purchases.
Grains are quiet Tuesday morning. Volume is light as we are into holiday trading already says DuWayne Bosse of Bolt Marketing.
Arlan Suderman with StoneX, Inc. says some of Monday’s buying was tied to money flow and end of the year profit taking he says. The higher energy market was also supportive of the grains.
Jim McCormick with AgMarket.Net says the slide in soybeans has been a result of prices getting too high in anticipation of the China trade deal. Now prices are lower than before the purchases were announced. He’s hopeful a low is close.
Scott Varilek, Kooima Kooima Varilek says live cattle futures are higher despite some lower Northern cash trade. However, this week the trend has been sideways with the market unable to take out chart resistance.
Ted Seifried with Zaner Ag Hedge says rumors of China purchases circulate nearly every time the corn market rallies.
Darin Newsom, senior market analyst with Barchart, Inc. says corn is seeing some short covering but demand has also been a factor with ethanol production at a record level this week and exports continuing to run at a record pace.
Naomi Blohm with Total Farm Marketing says soybeans have also confirmed the head and shoulders top and are working lower completing the shoulder.
Bryan Doherty with Total Farm Marketing says soybeans have served as an anchor for the grain markets on a host of bearish news items and fund liquidation.
Don Roose with U.S. Commodities says the soybeans and wheat made new lows for the move on Monday. Grains have been suffering from a lack of bullish news and for soybeans China fatigue is also a factor.