Market Analysis
Grain futures are mixed in the overnight and early morning trade as traders, hedgers, and other market participants gear up for the monthly WASDE report, out at 11am CT. These are the levels to keep a close eye on.
Lean hogs have been under heavy pressure for the last month and a half, but have started to show signs of life near the lows of the year. Has the risk/reward shifted back to the buy-side?
Grain futures price were able to hold halfway decent in Tuesday’s trade, but that momentum has vanished following the mid-week intermission. Will July options expiration offer stability to prices?
Livestock Bulls were disappointed in Tuesday’s trade. Will the mid-week intermission help the market stabilize or is there more pressure to come?
Corn and soybean futures prices firm overnight following the weekly crop progress report, which showed a bigger decline in conditions than expected.
Cattle futures had an incredible move higher on Friday but failed to find follow through in Monday’s trade, despite a weaker grain trade. Has something changed?
Grain markets failed against technical resistance late last week which has led to weakness to start this week’s trade. Will a holiday week and July options expiration keep play a role in price action?
Lean hogs and cattle futures prices had an impressive day on Friday, will that momentum spill over into strength to start this week’s trade?
Grain Markets failed at resistance on Friday which has led to pressure to start this week’s trade. With Markets closed on Wednesday and July options expiration on Friday, it could setup to be an interesting week!
This past week, USDA reported a soybean sale of 3.89 million bushels to China and another 4.4 million bushels to unknown destinations during the 2023/2024 marketing year.
Grain markets had a strong day yesterday but were unable to find follow-through buying in the overnight and early morning trade. Will technical support hold?
Cattle futures came out strong on Monday but failed to find any follow-through in Tuesday’s trade. Outside markets are seeing a risk on trade following a cooler CPI report. Will that act as a tailwind in today’s trade?
Grain markets were firm in the early morning trade but faded into the afternoon to settle lower, Cattle futures were strong to start the week but failed to find follow-through in today’s trade
The lack of new headlines regarding bird-flu over the weekend coupled with June futures entering delivery may have been the big reasons for Monday’s rally, with seasonal tailwinds adding an extra boost.
Corn futures are testing Friday’s high, a move out above here could be enough to spark another wave of short covering ahead of tomorrow’s WASDE report.
Weekly overview of the agricultural commodity markets compiled since 2003 by Brugler Marketing & Management of Omaha Nebraska. Not intended to be financial advice.
“It’s like farmers threw in the towel after getting sick of waiting for better prices or realized they’re going to need bin space,” says Jerry Gulke. He shares four points that might mean lower prices aren’t over yet.
Corn and soybean futures prices saw big rallies in Thursday’s trade but have so far failed to find any follow-through to the upside. Was Thursday’s trade just a relief rally or is there more upside to come?
Livestock futures remained under pressure in yesterday’s trade, will today be more of the same or will the lower prices spur some buying interest?
Corn, beans, and wheat have been under pressure for the last week. It are showing signs of life in the early morning trade. Is the market set up for a bigger relief rally?
Livestock futures were largely lower in yesterday’s trade, along with commodities broadly. It appears some markets have stabilized, will that help cattle and hogs?
Grains are mixed in the early morning trade as the selling pressure may be running out of steam.
Cattle futures were under heavy pressure to start Monday’s trade but found support midday to finish back near unchanged on the day.
Grain futures were lower in yesterday’s trade and the first crop condition report didn’t offer any relief as conditions were reported to be better than expected.
Cattle futures were lower in the back half of last week’s trade but still posted an impressive month. What will the month of June hold for cattle and hog futures?
Grain markets saw a rough end to the month of May which has spilled into some weakness to start a new week and a new month of trade. Is the top in or will the markets be able to stabilize?
Commodity prices saw pressure this week, and analysts say it’s largely due to gains in planting progress. What are the chances the grain market can find some momentum in June? Joe Vaclavik and Chip Nellinger weigh in.
Grain markets have been softer for much of the week but have found their footing in the overnight and early morning trade. Will the strength hold into the weekend?
Cattle futures were strong to start the week as fundamentals remain firm ahead of a seasonally strong time of year, driven by firm demand.
Grain futures prices slide lower in the early morning trade. Is a “seasonal top” coming in early this year?