Markets - General
Jerry Gulke, president of the Gulke Group, says the rally was both a weather and a technical recovery. The key is how long will the rally last and how should farmers position themselves in the market?
A quick planting pace and the possible return of El Nino meant traders have not been focusing on any weather issues. However, with drought continuing to expand, a U.S. weather market might be back in play.
According to a person familiar with the matter, there is no certainty Viterra will be able to reach an agreement on the terms of a deal.
Acid-test ratios shows if you have sufficient short-term assets that can be converted to cash to cover short-term liabilities.
Last week was full of both bullish and bearish news for the wheat market. Arlan Suderman of Stone X Group says there are still several things that could spark momentum in the wheat market.
Corn and soybean markets were up on corrective buying and putting in weather premium. Wheat followed. Cattle saw profit taking after a neutral COF report, hogs hit contract lows. Naomi Blohm, Total Farm Marketing.
After a two-year bull markets, grain prices have set back well off the highs. So are the commodity markets in reset or is this just part of a larger commodity super cycle?
It may seem like years ago, but it was just this past June when farmers reported selling $8 cash corn and $18 cash soybeans. Today, cash prices look much different–hovering around $5.50 for corn and $13 for soybeans.
The job market is strong, and the economy is slowly growing. However, there are four complicating issues making investors defensive, which reduces money flow to the markets.
Funds buy in grains with concerns about wheat production and the Black Sea Grain deal. Cattle narrow the gap between cash and futures, while hogs sense a seasonal cash bottom. Arlan Suderman of StoneX has more.