Market Analysis
Has the rain in parts of the country encouraged producers to start rebuilding the cow herd? How are the markets being affected by both dry and wet conditions right now?
Corn futures have been under pressure for the last three sessions after failing against resistance to start the week. Will support hold into the weekend or will the selling persist?
Livestock futures gain ground in Tuesday’s trade, will they see follow through today?
Grain markets were under pressure in Tuesday’s trade but are firming in the early morning trade, will it last?
Livestock futures had a rough start to the week, more pressure to come?
Grain markets mixed in the overnight trade. These are the important levels we will be keeping an eye on through today’s trade.
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?