Crude Oil
Allison Thompson with the Money Farm says the rally in crude oil is causing the money to flow into he grains as a hedge against inflation.
Grain markets eased on Wednesday in tandem with the cooling energy markets, including crude oil says Alan Brugler of A&N Economics.
Grain markets were lower on Wednesday morning as Rich Nelson of Allendale says they are seeing spillover from easing energy markets.
Corn and wheat futures were lower early Wednesday seeing some profit taking after a higher close Tuesday says Darin Newsom, senior market analyst with Barchart.
Mike Minor of Professional Ag Marketing says grains saw technical buying on Tuesday while livestock fell with the financial markets on the conflict between Iran and Israel and a flip flop on ICE raids in packing plants.
Darin Newsom, senior market analyst with Barchart, says grains are slightly higher Tuesday morning. While outside markets are reacting to the conflict between Israel and Iran.
The energy market are under pressure from a perfect storm of supply increases, economic anxiety, and evolving geopolitical shifts.
Darin Newsom, Sr. Market Analyst with Barchart says some of the early support in the grain markets Friday morning is coming from strong export demand.
Dave Chatterton, Strategic Farm Marketing, says soybeans saw profit taking with better than expected ratings, reigniting fears of higher yields in the September WASDE. Corn saw spillover from lower soybeans and crude oil.
Garrett Toay, AgTraderTalk, says bearish outside markets spilled over to cause risk off selling in grain and livestock futures Friday, but grain markets says some profit taking and positioning ahead of the WASDE.