MARKETS
After yesterday’s wild session, we would expect to see the volatility stay alive in the last trading day of the month.
Grain markets have been mixed in the overnight and early morning trade, providing plenty of opportunity for those not married to a bias.
Market Watch is a weekly summary of ag market price drivers compiled by Brugler Marketing & Management. It is not intended to be trading advice. For more detail, call Brugler at 402-697-3623 or visit the web site.
Can cattle futures rally ahead of today’s Cattle on Feed report?
For 13 of the last 15 years, from March 19th to April 17th, October feeder cattle have followed this trend. Will this be an on-trend year?
Cattle futures were able to rally today, ahead of the seasonal trend that is set to start this week.
May corn futures are entering a seasonal trend that has played out for 13 of the last 15 years. Will this year fit into the historical trend?
Grains have been choppy as we head into March options expiration. A seasonal for soybeans is winding down, while one is just getting started for wheat.
If you paid attention to the grain market this week, it sure was a wild ride. The market was selling heading into the report, but received bullish data on Wednesday that led to limit gains in corn and beans.