Market Analysis
AgDay Markets Now: Ted Seifried, Zaner Ag Hedge, says corn and soybeans saw a technical bounce Wednesday, with profit taking in wheat.
Cattle futures get hit hard in yesterday’s trade while lean hogs consolidated through the session. What’s on tap for today’s trade?
Corn and beans slide lower while wheat futures find their footing against significant support.
Grains retreat in the early morning trade after failing to gain ground to start the week. These are the levels to watch for today’s trade.
Cattle futures continue to reject resistance. With headline risk lingering will the selling continue?
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?
Corn and soybeans are trading near unchanged while wheat futures are adding on to Friday’s gains.
USDA is Discontinuing A Major Cattle Report, And it Could Now Spur More Volatility For Cattle Prices
USDA National Agricultural Statistics Service (NASS) announced it’s canceling the July Cattle Inventory Report. In the announcement, NASS blamed budget cuts from the most recent appropriations bills.
Grain markets continue to consolidate ahead of tomorrow’s monthly WASDE report.
Grain markets have flatlined to start the week as the lack of new news has kept buyers and sellers at bay. These are the technicals we are watching that could change that.
Cattle futures were under heavy pressure on Friday, will that spill into early morning weakness or will buyers buy the dip?
Grain markets have traded on both sides of unchanged in the overnight and early morning trade, these are the levels to keep an eye on in today’s trade.
Corn and wheat retreat to start the new month and quarter while soybeans try to gain ground.
Today’s USDA report is often regarded as one of the more meaningful reports of the year which often comes with volatile market reactions. Will we see the same this year?
Jerry Gulke discusses an unusual trend in the markets.
Cattle futures were under pressure on Friday, ahead of the monthly Cattle on Feed report. With a slightly bearish tone, will the selling continue into this week’s trade?
Grain markets are continuing to consolidate as it appears the market is looking for new news to give it it’s next direction.
Jerry Gulke says he’d like to see another higher weekly close next week to help confirm the bottom is in the soybean market as well as a close above $12. A higher monthly close would be even more convincing.
Grains are firm in the early morning trade, knocking on the door of some significant resistance levels.
In today’s 2 minute drill, we zoom in on the monthly chart of May corn futures. We saw a nice pop off of the contract lows in late February, but have been stuck in a 10 1/2 cent range since then.
Grains lower on profit taking after corn and beans hit resistance, plus farmer selling & report positioning. Cattle bounced, while hogs set back with lower cash and cutouts. Ted Seifried, Zaner Ag Hedge, has more.