Corn
His senior year of high school, Dalton Dilldine’s dad unexpectedly passed away, leaving a limited succession plan and a teenager with a big decision: take over the operation, start his own farm or go to college. He chose all three.
Is it possible the wheat market is finally seeing the same paradigm shift that’s already taken place in the corn market? Jerry Gulke is watching several signals for an answer, including speculator activity in the wheat market.
The conflict in Ukraine has been a focus for certain markets, such as wheat, since Russia first invaded the country nearly three years ago. This past week, President Donald Trump said negotiations to end the war would start “immediately.”
Scott Varilek, Kooima Kooima Varilek, says grains are rallying but cattle are seeing some selling pressure again ahead of a three day weekend but are holding chart support.
Farmers will need to be able to show farm records, receipts, delivery tickets, and any as-applied maps. Geo-stamp photos will also be required to prove the use of no-till and cover crops.
Jerry Gulke, president of the Gulke Group, says grains took a pause Friday in preparation for the February WASDE but is in the critical price discovery process before planting.
Scott Varilek with Kooima Kooima Varilek says cattle futures are trying to recover after the trifecta that tanked the futures Thursday and pulled down cash as well. Grains are lower on profit taking and SA weather.
Dave Chatterton, Strategic Farm Marketing, says grain markets rebounded late session led by wheat.
Darin Newsom with Barchart says ag markets continue to ride the roller coaster of headlines about tariffs and policy changes being imposed by the Trump Administration. This is driving fund and algorithm trading.
Brad Kooima, Kooima Kooima Varilek, says cattle futures continue to consolidate off recent record highs in routine profit taking mode. Grains extended gains on hopes for a China deal and the pause on tariffs for Canada and Mexico.