Markets Today
Allison Thompson with The Money Farm, says corn and wheat are reacting negatively to the breaking news that 25% tariffs will not be delayed and will go into effect on March 4 on Canada and Mexico and larger acreage estimates from USDA.
Mark Schultz, Northstar Commodity, says grains saw pressure on the continued on again off again new regarding tariffs.
Craig Turner with StoneX says corn tries to hold early gains after bouncing off chart support Tuesday but may struggle with soybeans and wheat falling on tariff fears and liquidation ahead of first notice day.
Vince Boddicker with Farmers Trading Company says grains saw pressure early Tuesday on tariff fears and fund positioning end of month but ended well off of lows.
Darin Newsom, Senior Market Analyst with Barchart, says grains are seeing follow through technical selling pressure with tariff fears ramping up.
Naomi Blohm, Total Farm Marketing says a combination of factors pressured grain markets, including end of month positioning, weather and tariff concerns.
Brad Kooima, Kooima Kooima Varilek, says grains are weak on more tariff talk. Cattle opened strong with the slightly friendly numbers in the Cattle on Feed Reported Report and a possible cash bottom forming.
Scott Varilek, Kooima Kooima Varilek, says corn and soybeans fell heading into the weekend on profit taking and technical selling, plus lower crude oil and a higher dollar.
Mark Schultz, Northstar Commodity, says corn and soybeans are lower on profit taking after a higher day yesterday.
Chip Nellinger, Blue Reef Agri-Marketing, says soybeans and products led the rally and recovery on talk of a China deal by President Trump and a lower dollar. That spilled over to support corn.