Market Analysis
Consolidation was the theme for the bulk of last week’s trade, will that continue in this week’s trade? Watch us on RFD-TV today at 9:45am CT!
USDA’s May WASDE report sent corn and soybean prices higher, it also caused wheat to soar. However, one analyst questions why the trade viewed the latest report as so bullish.
Corn and soybeans have been under pressure the last few sessions, bringing prices back near some pivotal price points ahead of today’s WASDE report.
Corn, soybeans, and wheat all stalled out against our resistance pockets this week which has brought prices back to technical support. Is it a buy the dip market?
Video: Grain futures had an impressive start to the week but that momentum fizzled yesterday afternoon and into today’s trade. Will technical support be defended?
Cattle futures volatility is declining which could present some great short term trading opportunities in a more defined range.
The overnight sessions have been misleading over the last few days, will today be a similar story or will the selling persist?
Livestock futures were mixed to start the week. Are we entering what traders often refer to as a “traders paradise?”
Grain futures have taken a pause in the recent rally after tagging our resistance levels for corn and soybeans. Is the top in or is the market just catching its breath.
Livestock futures were on a rollercoaster last week, will we see more of the same or will prices start to settle into a range? Watch us on RFD-TV, today at 9:45am CT!