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Short covering in wheat, but corn & soybeans held back by risk off outside markets & no bullish news in weather, exports. Cattle fade w/lower equities, hogs can’t sustain a rally. Mark Schultz, Northstar Commodity.
Cattle see a bounce as hedge pressure fades. Hogs can’t sustain a rally w/big numbers. Grains fail to see follow through after the reversals with poor corn exports and risk off. Scott Varilek, Kooima Kooima Varilek.
AgDay TV Markets Now: Ted Seifried with Zaner Ag Hedge Explains What Caused the Reversal in the Grains and If it Bottomed the Markets.
A key reversal in wheat after a drone strike at the Kremlin pulls corn and soybeans higher as well. AgDay’s Michelle Rook chats with Ted Seifried about the headlines and the market response.
Wheat reverses as a drone strike on the Kremlin puts the Black Sea grain deal in question, pulling corn & beans off the lows. Cattle down ahead of Fed decision w/lower cash. Dave Chatterton, Strategic Farm Marketing.
Risk off selling again in cattle, corn & soybeans ahead of the FOMC announcement and with support breached. Wheat bounces on a Russian war headline. Short covering in hogs. Vince Boddicker, Farmers Trading Company.
AgDay TV Markets Now: Bryan Doherty of Total Farm Marketing details corn marketing strategies for farmers after the recent price drop and if this a buying opportunity for livestock producers.
A big risk off day in outside markets with more bearish bank news ahead of the Fed announcement. That caused fund selling in most of the ag markets. Plus, more favorable weather. Kevin Duling, KD Investors has more.
Mostly lower markets with spillover from risk off in DOW and oil ahead of the FOMC meeting. More favorable weather and fast planting pace also weighs on grains. Randy Martinson with Martinson Ag.
Even with the cold spring farmers in Indiana are making good planting progress, but many have been planting soybeans ahead of corn and that showed up on this week’s USDA crop progress report.