Markets - General
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?
Jim McCormick, AgMarket.Net, says corn and wheat saw technical selling and profit taking for the last four sessions after running into chart resistance. It could be seasonal top without fresh weather concerns.
Jim McCormick, AgMarket.Net, says corn and wheat futures tried to rally several sessions and ended lower after running into chart resistance. That could be a seasonal top unless there is a bigger weather story.
More rains across the Corn Belt this week created deeper planting delays, and it’s causing farmers to grow even more frustrated as they wait on an open window to plant.
Cattle futures make near term highs pushed by higher cash and cutouts. Hogs fail with the futures premium to the LHI. Scott Varilek, Kooima Kooima Varilek has details. Corn needs to hold key support, soybeans run.
Grains end mostly lower except nearby soybeans and bean oil. Mike Minor, Professional Ag Marketing, says this may just be just a routine consolidation as the market waits for a bigger weather story to emerge.
Grains end mostly lower except nearby soybeans and bean oil. Is this a healthy correction or topping action? Mike Minor, Professional Ag Marketing, has the answer and insight on the rally in livestock.
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?
Grains start higher led by wheat on global crop concerns, but the markets can’t get above chart resistance. Cattle higher following a surge in wholesale beef. Randy Martinson, Martinson Ag, has details.