Markets - General
The grain rally continued on Wednesday as technical momentum remains firm following a shift in fundamental headlines over the last two weeks. Long liquidation in cattle continued with the Administration’s stance spooking Funds. Oliver Sloup brings you the latest insights on Markets on the Move.
Tune in as Oliver Sloup brings you another episode of Markets on the move, Corn, soybeans, and wheat all saw a continuation of their recent rally. The coordinated move higher across grain markets suggests the potential for a broader trend change.
Oliver Sloup joins RFD-TV to break down grain markets have come alive over the last few weeks on the back of positive news that spurred constructive technical momentum. Capitulation in cattle last week has led to consolidation with all eyes back on the cash market.
Jerry Gulke, president of the Gulke Group, says the reaction in the soybean market following the announced trade framework between the U.S. and China provides important technical clues for future price direction.
Soybeans Surge as Grain Markets Close October Strong; Cattle Wobble Amid Uncertainty Ft Oliver Sloup
Oliver Sloup on Markets on the Move: grain markets capped off October with solid momentum on the month’s final trading session, led by a standout performance in soybeans. The soy complex drove the day’s gains as all major grains extended their monthly advances. Meanwhile, the livestock sector told a different story — cattle futures ended the week on uneven footing as traders navigated mounting headline risks and market uncertainty.
Oliver Sloup on Markets on the Move: Grains resilient, cattle recover — has the bottom arrived? Tune in to learn more!
Some analysts believe a deal with Beijing will happen this week because of a potential gap in availability of the oilseed that’s likely to occur between the time the U.S. bean harvest ends and the Brazil harvest begins.
Jerry Gulke, president of the Gulke Group, says he hasn’t missed the government data including the October WASDE.
Oliver Sloup on Markets on the Move: Cattle markets were on the move today following a social media post from President Trump. Other markets saw interesting price action with corn recovering from yesterday’s pressure.
Tune into Oliver Sloup on RFD-TV discuss how Cattle futures got hit hard on Friday. With looming headline risks, pressure continues to start the week.