Market Analysis
Last week was a choppy trade in the cattle markets, will that extend into this week’s trade? Lean hogs saw heavy selling in the back half of last week’s trade, more long liquidation to come?
Short covering was a theme in last week’s grain trade, will it continue this week?
A weekly summary of ag market price action, compiled by Brugler Marketing & Management each week since 2003. Intended for educational purposes and not as advice.
This week’s trade is officially in the books and it left a few markets at some pivotal spots as we head into next week’s trade.
Grain futures have had a quiet overnight and early morning trade. Will the market be able to finish the week on a high note?
Grain markets have been able to stage a nice little rally recently, is there more upside left or will the rally fizzle out?
Wheat futures rallied to our 4-star resistance pocket in the overnight/early morning trade. Will that level be defended or is there more upside left?
Lean hogs took out technical resistance which may have put an added tailwind in prices, are new highs in the cards or is this market overextended?
Yesterday marked the third straight day of gains for many of the grain markets, can the rally continue through the week?
Grain markets were sharply higher in the first trading day of the week, will that strength continue in today’s trade or will resistance hold?