Iran
Brad Kooima with Kooima Kooima Varilek says the live cattle futures are chasing sharply higher cash trade from last week.
Shawn Hackett with Hackett Financial Advisors says corn and soybeans are experiencing war fatigue and are tired of chasing every headline.
Darin Newsom, senior market analyst with Barchart says the grains are chasing the sharply higher crude oil prices which were up over $10 and Iran war headlines.
Bryan Doherty with Total Farm Marketing says the grain markets markets were removing war and weather premium. Will that continue with if the Iran war is indeed over?
DuWayne Bosse with Bolt Marketing says with the reports out of the way the grain market has gone back to trading Iran war headlines and following the crude oil market
Arlan Suderman with StoneX some of the support in the grains Tuesday came from money flow but lower wheat and soybean acreage than anticipated also added to the buying interest.
Brad Kooima with Kooima Kooima Varilek says the rally late last week was impressive considering the equity markets were sharply lower on Thursday and Friday plus crude oil was higher.
Joe Kooima with Kooima Kooima Varilek says the ability of the cattle market to divorce itself from the outside markets the last two sessions has been very impressive.
Soybeans were slightly higher early but saw buying accelerate and the bull spreads kick in after the White House announced a new date for the China summit says Kevin Duling of KD Investors.
Jamie Gieseke with Paradigm Futures says the energy and grain markets are still chasing headlines trying to determine a fair prices. However, farmers need to ignore that noise when trying to make marketing decisions.