Markets - General
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?
Jon Scheve explains why there could actually be fewer than normal prevent plant acres this year.
Grain futures ended lower for the week removing weather premium. Naomi Blohm, Total Farm Marketing, says, “It feels like it’s doing a warning shot just to remind us that the crop is getting planted.”
Technically, Jerry Gulke, president of the Gulke Group, says weather rallies can be fleeting and this week there were sell signals in the grain market.
Grain and cattle futures end mostly lower on Friday and were lower for the week. Naomi Blohm, Total Farm Marketing, says weather, crop ratings and what the funds want to do next will determine future market direction.
Grains recover after three down days. Is this recovery all technical and will it last? Darin Newsom, Sr. Market Analyst for Barchart, says wheat has the best chance with concerns about drought in HRW areas.
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 and grains end lower so was it end of month profit taking or a trend change? Scott Varilek, Kooima Kooima Varilek says cattle will recover but grains need a new weather story.
Cattle were lower for a second day with China news kicking in algorithm selling, while hogs bounce. Grains lower removing weather premium but Scott Varilek, Kooima Kooima Varilek, says it’s a possible top.
Vince Boddicker, Farmers Trading Company says corn and wheat see end of month profit taking in need of a new weather story, soybeans try to hold slight gains. Cattle trying to recover, hogs search for a low.