Corn
DuWayne Bosse, Bolt Marketing, says most of the bounce in the grain markets was short covering or short profit taking.
Brad Kooima of Kooima Kooima Varilek, says cattle futures are in recovery mode for a second day after scoring key weekly reversals last week on the charts, a bearish sign of a possible top. Corn is also trying to bounce after new lows for the year in the December contract.
Shawn Hackett, Hackett Financial Advisors, says grain and cotton markets all ended lower on Friday and for the week. He provides several reasons he thinks the market participants are too bearish compared to the fundamentals.
Knowing the final plant population as well as the uniformity of the stand can guide you in deciding whether you will benefit most from keeping the current crop or ripping it out and replanting, says Missy Bauer, Farm Journal Field Agronomist.
Scott Varilek, Kooima Kooima Varilek, says after two ugly down days in cattle futures the markets are trying to recover and so is the soybean market.
Jeff Hoogendoorn, Professional Ag Marketing, says the sell off in bean oil was tied to unconfirmed rumors the draft proposal on the Renewable Volume Obligations (RVO) for bio-mass based diesel were sent to the Office of Management and Budget (OMB) with lower than expected volumes.
Soybeans are down with soybean oil which touched limit down overnight on unconfirmed rumors EPA would setting RVO levels for biomass based diesel below anticipated levels.
“China and Brazil are getting together. They’re going to build infrastructure, and they’re going to make SAF and they’re going to build railroads, and it’s not good for us and our future. That’s why we need new markets,” says Iowa farmer Tim Burrack.
The newly released stocks-to-use ratios for corn and soybeans show we can expect the markets to be responsive to any threat to yields this summer.
Ted Seifried, Zaner Ag Hedge, says soybeans have been seeing continued strength off the bullish WASDE numbers allowing it to clear some technical objectives. But the market needs other fundamental factors to come together to clear $11.
Vince Boddicker, Farmers Trading Company, thinks more constructive developments on trade with China are part of the equation but so is the push from soybean oil.
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2025 has been a record setting planting season for Mike Madsen and many farmers in Southern Minnesota.
John Heinberg, Total Farm Marketing, says soybeans saw profit taking pressure early Tuesday but clawed back to close slightly higher with the help of the soybean oil market. However, corn continues to fail.
Tomm Pfitzenmaier, Summit Commodity Brokerage, says soybeans are seeing some profit taking after the rally Monday and after running into chart resistance in the July contract around $10.75 Monday night.
Chip Nellinger, co-owner of Blue Reef Agri-Marketing, says soybeans soared on the combination of positive China trade news and the bullish May WASDE.
At least on the surface, USDA’s estimates for both old and new crop corn and soybean ending stocks were below average trade guesses. However, Jim McCormick, AgMarket.Net, says there is some skepticism due to tariff considerations.
The markets have several big headlines they’re digesting including news over the weekend that China and the U.S. are de-escalating the tariff war.
The deal decreases U.K.’s ethanol tariff from 19% to 0%, creates an opportunity for cattle ranchers to export millions more and opens a $100 million market with free access for rice farmers, says Brooke Rollins, Secretary of Agriculture.
Scott Varilek, Kooima Kooima Varilek, says cattle continue to hit all-time highs in cash and futures. While corn is seeing some short covering after new lows for the move on Thursday.
May futures are in the process of printing a monthly key reversal. Ironically, this is just what it did five years ago in August 2020. Coincidence you might think?
Randy Martinson, Martinson Ag, says corn made new lows for the move in tandem with wheat and faded strong export sales and the U.K. trade deal.
Darin Newsom, Senior Market Analyst for Barchart, corn and wheat are anchoring each other lower with the market shifting its focus to larger supplies ahead and comfortable available stocks.
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Dave Chatterton, Strategic Farm Marketing, says the markets faded the news as the realization set in that no major breakthroughs in the trade talks are expected and a long term trade deal with China could take quite some time.
Farm equipment auction data continues to show a strong resale market for used, pre-DEF machines in good condition, driven primarily by the rising cost of brand new machines.
Kent Beadle, Paradigm Futures, says corn and soybeans rallied overnight and early Wednesday on the news China and U.S. are beginning trade talks this weekend.
Farmers are poised to climb past the halfway point this week following a slowdown in progress while Illinois planting remains behind the 5-year average.
One farmer who was chased out of fields by rain this past weekend told Farm Journal, “This is the wettest drought I have ever seen.” There are some silver linings, though: soil-applied herbicides are being activated, the U.S. corn crop won’t all pollinate the same week and you have time to make stand counts where the crop has emerged.
Brad Kooima, Kooima Kooima Varilek, says cash cattle trade was record high again last week with $223 live paid in much of the North and even a few $224 trades to a regional. Grains are mostly lower.