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Big Market Moves Monday, Following Pro Farmers Estimates. Fund Activity and Money Flow Also Factors.
The markets made some big moves on Monday following last week’s Pro Farmer Crop Tour. However, fund activity and money flow were also part of the story.
Grains pull back with profit taking in corn and wheat amid a risk off day, while livestock bounce off technical support with lower feed prices. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
Markets Mixed: Technical Buying, Smaller Crop Support Corn and Wheat; Rain and Record Crop Hit Beans
Mixed market finish on Monday. Corn pricing in the smaller crop, with wheat seeing technical buying. Soybeans set back with yield boosting rains. Cattle continue to consolidate, with short covering in the hogs.
Mixed mid-session with corn, wheat and hogs higher. Pro Farmer estimates, money flow and weather all at play today. Michelle Rook gets a summary with Jeff Hoogendoorn of Professional Ag Marketing.
Pro Farmer released their state yield estimates on Friday. We compared Pro Farmer’s numbers to USDA’s state yield estimates in the August WASDE to determine the biggest misses in the east and west.
Markets open mixed with corn seeing support after the lower Pro Farmer corn yield and wheat is following. Soybeans down with rain over the weekend. Livestock see follow through technical selling and weaker cash.
Land values have hit record levels in the past year. Iowa has experienced the biggest percentage increase, but other Midwestern states aren’t far behind. Can land prices keep going up?
The No. 1 yield-robbing pest in soybeans might be one you don’t even realize you have in your fields.
Corn and wheat rebound on Friday, but it was a lower week for all the grains. Hogs consolidated, while cattle scored higher weekly closes. Michelle Rook talks with Matt Bennett of AgMarket.Net.
The U.S. and Taiwan are moving forward with formal trade talks with the first round set to take place early this fall. What does it mean for agriculture and how does this impact U.S. China trade relations?