Market Analysis
Corn and wheat score key reversals after making new contract lows, while soybeans continued higher for a third day.
Soybeans close higher for a third session still putting in weather premium. Cattle and hogs also saw strength with end of month and quarter positioning.
Corn sees short covering as well with lower crop ratings by 2% and Mexico buying around 5 million bushels of new crop U.S. corn.
Soybeans and products were all higher on Monday, while corn continued to see technical selling and long liquidation ahead of first notice day on Friday.
Cattle shook off a bearish a Cattle on Feed placements number, while hogs consolidated. John Payne with Advance Trading, discusses where the markets head next.
Cattle getting some help from ideas the cash market may be close to a bottom. Grains continue to digest Pro Farmer Crop Tour results and weather.
Pro Farmer confirms record soybean crop and bumper corn crop. What does that mean for the harvest and post-harvest outlook for the market?
Pro Farmer Lowers Corn Yield and Production From USDA’s August Estimate, But Raises Soybean Yield and Production to Record Levels.
Newsom looks at when corn and soybeans normally put in a harvest low and if that changes when there are predictions for bumper crops.
Low Feed Prices Make Cattle Margins Attractive
Chip Nellinger, Blue Reef Agri-Marketing, says time is running out on old crop sales.
Excess old crop supplies of corn need to be moved before a record crop is harvested. Tomm Pfitzenmaier of Summit Commodity Brokerage shares some options.
Markets will look for confirmation of record yields from the tour for direction.
Wheat sees a short covering bounce, while cattle fall with fund liquidation and lower cash.
Farmer Selling of Old Crop Corn Pushes September Into New Contract Lows
Agency Makes Adjustments to Spring Wheat Production and Acreage.
Soybeans Make New Lows But Can They Find Support at $9.50 on November?
Bears are trading the idea that big crops, get bigger. Meanwhile, cattle rebound on lower corn.
Cattle Rebound But Will the Funds Use This Strength to Liquidate Long Positions?
And How Low Do Soybeans Have to Go To Price in a 560 Million Bushel Carryout?
USDA Raises Yield and Harvest Acres on Soybeans, Resulting in Ending Stocks 125 Million Bushels Higher Than July.
Corn breaks long-term support areas on higher yield ideas
Money Flow Continues to Influence the Ag Markets
Stock Market Volatility and Recession Concerns Cause Fund Long Liquidation in Cattle Futures
Could Corn Test the 2014 Low of $3.18?
Stock Market Recovery Will Determine the Future Direction of Cattle
Row Crops Consolidate for Fundamental and Technical Reasons
Wheat and Hogs See Short Covering
Strong Crop Ratings a Headwind for Row Crops
Grains See Short Covering But Fundamentals Continue To Be a Headwind