Markets Today
Grains off lows but can it rally pre-report, with headwinds like Brazil wx & slow demand? How much wx premium does the cattle market need? What’s the outlook for outside markets? Darin Newsom, Barchart, has answers.
No follow through in grains after higher day Tuesday, pre-WASDE. CONAB’s Brazil estimates disappoint. Cattle add wx premium w/higher cash ideas. Hogs consolidate. Mike Minor, Professional Ag Marketing, has more.
AgDay TV Markets Now: Brian Grete, Editor of Pro Farmer, says corrective buying drove the rebound in the grain markets plus funds selling took a pause before the WASDE.
Grains close higher on corrective buying and positioning headed into the WASDE. Cattle added wx premium with higher cash ideas, hogs up for a 4th day trying to confirm a season low. Brian Grete, Pro Farmer, has details.
Grains all higher midday with corn and soybeans oversold and seeing some corrective buying pre-WASDE. Cattle firm up with winter weather and hogs forming a season low. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: Randy Martinson, Martinson Ag, explains what caused the funds to push grains to new lows and where the next areas of technical support are on the charts.
Corn hits contract lows, new lows for the move in beans & wheat w/risk off fund selling on lower crude oil, U.S./Brazil wx. Live cattle consolidate despite strong cash. Randy Martinson, Martinson Ag, has more.
New lows in corn & soybeans on risk off funding selling following crude oil, plus rains in Brazil. Cattle off highs, despite strong cash & wx. Hogs extend gains. DuWayne Bosse, Bolt Marketing, has more.
AgDay TV Markets Now: Darren Frye, Water Street Solutions, discusses if the grain markets can recover after an ugly week and going into the WASDE.
Darren Frye with Water Street Solutions says there are no signs of a low yet in the soybean and corn markets, but Chicago wheat may have confirmed a bottom and will be the leader of the three wheat classes.