Market Analysis
Monday’s markets were mostly higher except for soybeans. Grains saw a technical correction, while cattle faded the bearish Cattle on Feed Report and hogs continue their technical and seasonal run higher.
Thursday’s market closes ended mixed in the grains.
IN-DEPTH MARKET ANALYSIS: Wednesday was a risk-off day in the agricultural commodity markets.
The end of the South American monsoon has come earlier than average this year due to La Niña. The drier finish on the Safrinha crops will limit their yield potential.
Market Watch is a weekly overview of factors driving prices of ag commodities. It is not intended as trading advice. For detailed strategy and advice, call Brugler Marketing @ 402-697-3623.
Market Watch is a weekly recap of the main drivers for ag market price action, compiled by the Brugler Marketing & Management advisory service. It is not intended or suitable for use as trading advice. Call 402-697-3623
This article discusses recent trades I made to collect market premium in a sideways market, which allowed me to sell some of my grain at prices above current market levels.