Corn
Brad Kooima, Kooima Kooima Varilek, says the uptrend line on the cattle charts is also starting to be violated but that isn’t the only thing he’s watching for a signal of a bigger correction.
A new study from The University of Illinois shows how much money a farmer can expect to spend while running their favorite brand-new farm tractor this fall. Prepare for sticker shock.
Jerry Gulke, president of the Gulke Group, says corn was slightly lower for the week but held support. The performance was a victory, considering the large infusion of bearish news the corn market had to absorb.
Kent Beadle with Paradigm Futures says corn futures ended lower on Friday on profit taking and were down nearly 2-cents for the week. However, December still held the 50-day moving average.
Randy Martinson, Martinson Ag, says corn is working on its third higher weekly close, which continues to help confirm the fall low set on August 12. Soybeans are still looking for China export business but could they be buying under unknown destinations?
If the legal challenge succeeds, the federal court decision would result in making the technology unavailable for sale or distribution to U.S. farmers.
Kevin Duling with KD Investors says corn shook off early losses after bouncing off support on the charts.
High disease pressure and moisture variability could make for a tricky fall harvest season in the Midwest. Lean on these crucial combine settings adjustments to help you hang onto as many kernels as possible.
Brady Huck with Advance Trading says corn and soybeans continue to see profit taking and consolidation after the recent run off the August lows. Currently both markets are testing key support that needs to hold.
Jim McCormick with AgMarket.Net says corn saw some profit taking after hitting chart resistance as the December contract neared $4.25, which coincided with the 38% retracement level.