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AgDay TV Markets Now: John Heinberg, Total Farm Marketing, says grains slide on profit taking after hitting chart resistance, Brazil rain chances and outside markets.
Grains mostly lower on profit taking, rain chances in Brazil and spillover from outside markets. Cattle higher with help from the equity rally. Hogs correct. John Heinberg, Total Farm Marketing, has more.
Grains lower on profit taking after hitting chart resistance, plus bearish outside markets like crude oil and the dollar. Cattle up for the third day but can it last into the COF? Darin Newsom, Barchart, has details.
Grains mostly lower on profit taking, rain chances in Brazil and bearish outside markets. Cattle and hogs trade 2-sided with cattle positioning ahead of the COF report. Randy Martinson, Martinson Ag, has more.
Soybeans complex higher on Brazil weather, outside markets and CPI data, corn followed. Cattle rally with equities, with profit taking in hogs. Jeff Hoogendoorn, Professional Ag Marketing, has details.
AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing, discusses how the CPI data helped soybeans, corn and cattle all rally on Tuesday.
Soybeans 2-sided with mixed products. Corn disappoints after the reversal, wheat mixed. Cattle correct with equities; hogs see profit taking. Chip Nellinger, Blue Reef Agri-Marketing has more.
Cattle oversold, following higher equities but cautious ahead of COF. Hogs see profit taking and so do soybeans. Corn higher with wheat and Mexican export biz. Brad Kooima, Kooima Kooima Varilek, has more.
China bought around 3 MMT of soybeans or 110 million bushels from the U.S. last week, a volume that reportedly surprised the market. They added another 7.5 million bushels on Monday.
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says South American weather is the key to the corn and soybean markets with the WASDE Report out of the way.