Corn
Brian Grete, Pro Farmer, says wheat was supported by light fund short covering as traders were adding in some geopolitical risk premium.
The disconnect between what makes equipment more expensive (labor, steel, energy, computer chips, etc.) and what drives farm income (commodity prices) will continue to drive the machinery costs versus value discussion.
Brad Kooima, Kooima Kooima Varilek, says the cash cattle trade will likely be steady this week which may mean the futures could stall out. He thinks the party could be over in row crops.
Jerry Gulke, president of The Gulke Group, thinks the party is over in the grains, at least for now, due to several key factors.
DuWayne Bosse, Bolt Marketing, says grains saw profit taking after running up into some chart resistance.
Scott Varilek, Kooima Kooima Varilek, says cattle futures are well supported on higher cash. Grains seeing pressure as funds may be out of ammunition.
Ted Seifried, Zaner Ag Hedge, says funds have covered most of their record short position in grains and they are not likely to go long.
Take a controlled, calibrated approach to the process, advises Ken Ferrie. That will help you build a framework for high yields next season and protect soil nutrient levels in the process.
Mitchell Hora of Continuum Ag joins the Top Producer podcast to share why he believes taking advantage of these credits will be the biggest opportunity in agriculture.
Randy Martinson, Martinson Ag, says funds continue to cover shorts in the grain markets but there are some fundamentals also helping to support the rally.