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Grains are mixed post WASDE which was bearish for soybeans, neutral for corn & wheat. However, Conab estimates on Brazil are trumping USDA’s. What does this mean for prices? Brian Splitt, AgMarket.Net, has analysis.
Cattle start strong on cash ideas, hogs continue to consolidate. Corn and soybeans see short covering pre-WASDE and with Conab’s lower corn and soybean estimates. Scott Varilek, Kooima Kooima Varilek has details.
AgDay TV Markets Now: Mark Schultz, Northstar Commodity, says China and South American news provide a catalyst for fund selling in corn and soybeans.
Funds push corn & soybeans to new lows on China cancellations, fast Brazil safrinha corn planting. Wheat sees short covering. Proft taking in cattle pre-cash, hogs mixed. Mark Schultz, Northstar Commodity, has more.
Massive fund selling pushes grains to new lows. So, what’s driving it? Live cattle take a breather waiting for cash with higher feeders. Hogs finally bounce. Randy Martinson, Martinson Ag, has details.
Soybeans & wheat up on short covering pre-WASDE, while corn fails to follow. Cotton rallies and cattle make new highs for the move. Hogs down a 5th day. Shawn Hackett, Hackett Financial Advisors, has more.
Cattle producers are coming off a year of record prices in 2023 but what is the outlook for the coming year?
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Services, grains square ahead of WASDE, while cattle make new highs.
Cattle futures recover after Monday’s chart damage, hogs consolidating for the 5th day. Soybeans build on Monday’s reversal, while corn is consolidating above support. Brad Kooima, Kooima Kooima Varilek, has more.
Brian Grete, editor of Pro Farmer says, “Soybeans saw mostly corrective buying as funds have built a short position and may be covering some of those contracts heading into the WASDE report on Thursday.”