Corn
Brad Kooima with Kooima Kooima Varilek says some of the recovery is technical in nature as the June live cattle bounce off of key support and the 38% retracement level around $243.00 last Thursday. However, there are also fundamental reasons for bounce.
Darren Frye with Water Street Solutions says corn and wheat are trading weather and have divorced from the war headlines.
Operating on negative margins and facing a “next-generation crisis,” a group of row-crop growers urges the U.S. Supreme Court to follow science over emotion as it hears oral arguments in the Monsanto v. Durnell case on Monday.
Scott Varilek with Kooima Kooima Varilek says $243 was the line in the sand for the June live cattle or funds would liquidate and it held after Brooke Rollins canceled her trip to Arizona which alleviated fears of a border reopening.
Garrett Toay with AgTraderTalk says the HRW wheat market was adding weather premium with forecasts continuing to look hot and dry for the Southern Plains.
Farm Journal Field Agronomists are launching the 2026 season, planting fields and starting to test the soybean innovations and management strategies that will deliver answers and insights farmers need.
Darin Newsom, senior market analyst with Barchart, says wheat is holding weather premium with the deteriorating crop conditions but longer term higher energy prices could spark some inflationary buying in grains.
Two Midwest growers say increased competition between corn and soybeans for acres could help rebalance supplies and provide a financial boost.
The soybean market looked like it was ready to breakout but Sam Hudson with Cornbelt Marketing says they hit chart resistance and saw profit taking.
However, Bryan Doherty with Total Farm Marketing says the corn and soybean markets are at a crossroads in the new crop contracts and need a catalyst to get above resistance.