Market Analysis
Grains have been mixed in the overnight trade as seasonal volatility continues to be on the rise. Here are a few things to keep in mind
Yesterday’s Crop Progress report showed planting in the U.S. ahead of analyst expectations which pressure prices in the overnight trade. Will support hold?
Cattle futures prices have largely been consolidating over the last month but appear to be on the verge of a technical breakout ahead of what is viewed as a seasonally friendly time of year.
Grain futures have been firm in the overnight and early morning trade, but we saw that overnight strength fizzle into regular trading hours last week. Will the early morning rally be able to hold?
Has the rain in parts of the country encouraged producers to start rebuilding the cow herd? How are the markets being affected by both dry and wet conditions right now?
Corn futures have been under pressure for the last three sessions after failing against resistance to start the week. Will support hold into the weekend or will the selling persist?
Livestock futures gain ground in Tuesday’s trade, will they see follow through today?
Grain markets were under pressure in Tuesday’s trade but are firming in the early morning trade, will it last?
Livestock futures had a rough start to the week, more pressure to come?
Grain markets mixed in the overnight trade. These are the important levels we will be keeping an eye on through today’s trade.