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Grains end mostly higher Friday with pre-holiday trade but also holding weather premium. Cattle traded mostly lower ahead of the COF Report despite some record cash in the North. Garrett Toay, AgTraderTalk, has more.
Cattle futures fade the record high cash trade on caution ahead of the Cattle on Feed Report. Hogs still searching for a low. Grains chop pre-holiday eyeing weather. Scott Varilek, Kooima Kooima Varilek, has more.
Allison Thompson, The Money Farm, says, “On the weather side we are looking for a pretty wet weekend and brings up question about whether farmers will switch corn acres to beans or take prevent plant.”
Corn and wheat end higher still trading weather concerns in the U.S. and globally, but corn exports were also strong. Allison Thompson, The Money Farm, says, both markets are up challenging chart resistance.
Grains continue to rally on weather concerns, but what is going on with cash basis levels and when should farmers sell? Nick Tsiolis, Farmers Keeper, shares insight.
Soybeans rally on talk of China export sales, corn follows. Wheat makes near term highs then farmer selling hits. Cattle also make for the move highs with higher cash news. Mark Schultz, Northstar Commodity, has more.
Grains end mixed on Wednesday. Mark Schults, Northstar Commodity says soybeans led the rally and pulled corn along, while wheat hit near term highs and then faded on farmer selling.
Wheat makes near term highs before farmer selling hits, corn & soybeans try to hold gains on planting delays, talk of China soybean buys. Cattle make near term highs. Kent Beadle, Paradigm Futures, has more.
John Heinberg, Total Farm Marketing says wheat had a chart breakout Tuesday and follow through buying will be important Wednesday. Meanwhile, corn and soybeans see Turnaround Tuesday on planting progress.
Wheat made new highs for the move on Tuesday. John Heinberg, Total Farm Marketing, says Wednesday’s close will be important to see if there is follow through buying to keep the rally going. Corn and beans consolidated.