Markets Today
Tommy Grisafi, Advance Trading, says grains trade quiet and rangebound ahead of planting season, with one eye on weather. Cattle saw huge market losses for the week, and he thinks that volatility may continue.
Jeff Hoogendoorn, Professional Ag Marketing, says corn may trade range bound until more is known about the weather for the 2024 planting season, but with only 90 million acres planted it will be sensitive to any issues.
Grains lean higher except soybeans with an up day in cattle and hogs. Jeff Hoogendoorn, Professional Ag Marketing, has analysis.
Scott Varilek, Kooima Kooima Varilek, says cattle try to bounce early but rallies are hard to sustain as new HPAI headlines circulate. Hogs consolidate, while grains chop looking for direction.
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing, says grains saw more than corrective buying Wednesday and how long will cattle trade HPAI?
Grains stage a short covering rally but what were the fundamental factors that also drove buying? Bryan Doherty, Total Farm Marketing, says cattle and milk markets continue to see pressure from HPAI news.
Kent Beadle, Paradigm Futures says grains are mixed early with wheat adding weather premium and corn trying to follow. Soybeans lower with meal. Funds back selling cattle on HPAI news, with hogs up.
Grains lower Tuesday on profit taking and risk off selling tied to outside markets. Cattle rebounded but how much can the market recover? Vince Boddicker, Farmers Trading Company has details on AgDay TV’s Markets Now.
Grains end lower on Tuesday with continued consolidation and risk off selling from outside markets. Cattle recovered, while hogs made new highs and then faded. Vince Boddicker, Farmers Trading Company, breaks it down.
Cattle recovering Tuesday after the HPAI selloff, while hogs are up on strong demand. Corn falls with rains in the Corn Belt, soybeans rally with the strong crush figure. Brad Kooima, Kooima Kooima Varilek, has more.