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Weather and prices are dictating acreage decisions in the Northern Plains this spring. So what are producers planning to plant?
Grains are lower after China cancelled another 9.7 mb of SRW wheat and China’s PPI fell for the 17th month. The funds pushed shorter in grains, what could change that trend? Kevin Duling, KD Investors has more.
AgDay TV Markets Now: Darren Frye, Water Street Solutions, discusses if Friday’s higher grain market closes will lead to more short covering by the funds and a sustained rally.
With the exception of Chicago wheat, grain markets scored higher weekly closes and ended above the 20-day moving average for the first time in weeks, according to Darren Frye, Water Street Solutions.
USDA makes very few changes in the WASDE even to South American production numbers which is a disappointment, but markets are finding some buying interest even so. Chip Nellinger, Blue Reef Agri-Marketing has details.
Cattle futures see a chart breakout following higher cash, hogs consolidate. Grains fail to extend gains ahead of the WASDE and with China cancelling more SRW wheat. Scott Varilek, Kooima Kooima Varilek, has more.
Grains end higher Thursday with technical buying and short covering by the funds. So, are the lows in? DuWayne Bosse, Bolt Marketing, has the answers and also covers the mostly higher action in cattle and hogs.
Grains see early strength ahead of the WASDE and with some better demand news. Cattle are mixed ahead of cash development, hogs mostly higher trying to recover. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: John Heinberg, Total Farm Marketing says corn is in consolidation mode but held up well Wednesday in light of contract lows in wheat and talk of China cancellations.
Corn saw short covering, despite contract lows in wheat on talk of China SRW cancellations. Soybeans see Brazil harvest pressure. Cattle and hogs are consolidating. John Heinberg, Total Farm Marketing, has details.