Market Analysis
Brad Kooima, with Kooima Kooima Varilek, says live and feeder cattle futures have bounced off trendline support, at least so far. Grains are positioning ahead of USDA reports, watching weather and tariff news.
Jerry Gulke, president of the Gulke Group, says grains took a pause Friday in preparation for the February WASDE but is in the critical price discovery process before planting.
Alan Brugler, A&N Economics, says grains pulled back Friday on profit taking after hitting chart resistance and with uncertainty about trade and administrative policies.
Scott Varilek with Kooima Kooima Varilek says cattle futures are trying to recover after the trifecta that tanked the futures Thursday and pulled down cash as well. Grains are lower on profit taking and SA weather.
Dave Chatterton, Strategic Farm Marketing, says grain markets rebounded late session led by wheat.
Darin Newsom with Barchart says ag markets continue to ride the roller coaster of headlines about tariffs and policy changes being imposed by the Trump Administration. This is driving fund and algorithm trading.
John Heinberg, Total Farm Marketing, says grains opened lower on Monday but recovered shortly after the opening when news broke that the U.S. would delay tariffs on Mexico for 30 days to allow negotiations.
Brad Kooima, Kooima Kooima Varilek, says grain and livestock futures opened mostly lower in response to tariffs imposed on China, Canada and Mexico over the weekend and retaliatory measures from those countries.
Jerry Gulke, president of the Gulke Group, says corn and soybeans posted lower weekly closes, which was the first time in several weeks for corn. So is the bull market in corn over?
Bryan Doherty with Total Farm Marketing says most markets had a negative reaction to to the 25% tariffs on Mexican and Canada starting this weekend and possible retaliation.