Markets Today
Grains see short covering early with a lower dollar then turn mixed searching for news. Cattle drifting preparing for the COF report. Hogs chop. DuWayne Bosse, Bolt Marketing, has more.
AgMarket.Net’s Matt Bennett says the grain markets are suffering from a lack of buying enthusiasm due to the bearish supplies.
Row crops fall on weather and planting progress. Funds are still short ahead of the growing season. When will that change? Matt Bennett, AgMarket.Net, has the answer on that and if the cattle market is bottoming.
Grains see technical selling pressure from weather. Cattle try to extend gains a second day so is HPAI fear subsiding? Hogs higher. Kent Beadle, Paradigm Futures, has insight.
Grains end lower on Monday erasing most of the gains from Friday. Randy Martinson, Martinson Ag, says weather and farmer selling were the biggest factors.
Grains end lower on Monday on weather forecasts for rain in the corn belt and increased farmer selling. Randy Martinson, Martinson Ag says cattle saw short covering.
Cattle see a short covering bounce after a lower week and with less war fear says Brad Kooima of Kooima Kooima Varilek. Hogs continue to see fund liquidation.. Grains retreat on farmer selling & weather.
Chip Nellinger, Blue Reef Agri-Marketing, says it was a true money flow or “Get Me Out” day Friday. While it caused a short covering rally in grains, he’s not sure it can be sustained.
Grains sharply higher Friday, as livestock, financial markets and many other commodities melt down. It was a money flow or “Get Me Out” day says Chip Nellinger, Blue Reef Agri-Marketing.
John Heinberg, Total Farm Marketing says USDA is slow playing it because the last two years they’ve ended up having to raise South American production after making cuts and they don’t want to do that again.