Market Analysis
DuWayne Bosse with Bolt Marketing says corn and soybeans traded both sides of steady on Friday gearing up for the WASDE.
Scott Varilek with Kooima Kooima Varilek says cattle futures hit resistance on the charts despite higher cash. So what will it take to get through those resistance areas?
Mike Castle of StoneX says with a lack of any major news, corn and soybeans saw a bit of positioning ahead of the Aug. 12 WASDE Report
Allison Thompson with The Money Farm says grains are drifting quietly lower with no fresh new news and awaiting the WASDE.
Kevin Duling with K.D. Investors says corn and soybeans are keying off of private estimates which are raising yields, especially for corn.
Mark Knight with Farmer’s Keeper Financial says the grains were seeing profit taking early Tuesday but the big story headlines were again war and weather.
A flash sale of 17.9 million bu. of new crop soybeans to China and another 5.0 million bu. to unknown destinations helped the soybean market rebound says Mike Minor with Professional Ag Marketing.
Brad Kooima of Koomia Varilek says the lows look like they are in the cattle market, but how much more recovery does he expect?
Jerry Gulke, president of The Gulke Group says he thinks it is too early to call a top in the grain markets.
Matt Bennett with AgMarket.Net says corn and soybean market was removing weather premium Friday with rains falling over portions of the Western Corn Belt Thursday evening and moving to east.