Markets - General
Corn and soybeans have been under pressure the last few sessions, bringing prices back near some pivotal price points ahead of today’s WASDE report.
Tommy Grisafi, Advance Trading, says grain prices are well off their lows on crop concerns but he cautions farmers weather markets can be volatile and fleeting.
The math and mental gymnastics to truly understand how much risk your farm can handle can be exhausting, but it can be calculated with enough what-if scenarios.
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while corn and soybeans also edged up.
Corn, soybeans, and wheat all stalled out against our resistance pockets this week which has brought prices back to technical support. Is it a buy the dip market?
Tomm Pfitzenmaier, Summit Commodity Brokerage, says the early new crop estimates for the May WASDE are larger than last year which is potentially bearish, but still in line with the USDA Ag Outlook Forum.
Video: Grain futures had an impressive start to the week but that momentum fizzled yesterday afternoon and into today’s trade. Will technical support be defended?
Cattle futures volatility is declining which could present some great short term trading opportunities in a more defined range.
The overnight sessions have been misleading over the last few days, will today be a similar story or will the selling persist?
Arlan Suderman, ,StoneX, says the rally into new highs for the move was met with farmer selling and funds took a pause heading into the WASDE, but they may not be done lightening their short position.