Markets - General
While the Trump administration weighs an economic bailout for farmers that would use tariff income, groups like ASA continue to press for better market opportunities and a trade deal with China, in particular.
Markets on the Move: Corn breakdown, Crude oil & Silver breakout Ft. Marlin Bohling & Matt Bresnahan
Marlin Bohling & Matt Bresnahan bring you another episode of Markets on the Move to close out the week. There was a bit of technical damage done to the December corn chart. Meanwhile, geopolitical risk propelled crude oil higher and inflation data pushed silver to 14-year highs.
The Farm Journal September Ag Economists’ Monthly Monitor makes it clear: Working capital is thinning, export markets are shaky and long-term crop margins could get ugly. But for now, one thing is still keeping its strength: Americans’ appetite for beef.
Oliver Sloup and Marlin Bohling return with a new market update. Grain markets slid lower while cattle futures traded sharply higher, with feeders spending much of the afternoon locked limit. Tune in to learn more.
Matthew Bresnahan and Marlin Bohling bring you a mid-market update: December corn’s rally stalled at the early July gap, though the bull structure remains intact. Meanwhile, cattle futures are stuck in a rangebound trade for the first time in a while.
Tune in with Oliver Sloup and Marlin Bohling on Markets on the Move! Cattle futures came roaring back to start the week, retracing breakdown points from last week. Grain markets, on the other hand, saw a mixed day with corn taking the brunt of the pressure.
Grains were higher across the board last week, but the price action to start the week has so far been mixed.
Oliver Sloup and Marlin Bohling close out the week, Grains managed to rally in Friday’s trade, despite a largely bearish USDA report. We often refer to this as a fundamental rejection, which may indicate that the market has digested the bulk of the bearish headlines. Is there more upside ahead? Tune in!
The USDA just released their monthly WASDE report which showed some interesting changes for corn and soybeans. Here’s a look at the numbers.
What will break the rangebound trade in corn and soybeans? Check out the line items that may make that difference in tomorrow’s report