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Winter wheat continues to rally on global production concerns and fund buying. Corn and beans are seeing corrective and farmers selling on planting progress. Cattle strong. DuWayne Bosse, Bolt Marketing, has details.
Mike Zuzulo, Global Commodity Analytics, says the wheat market is taking its cue from the Paris wheat futures which is pricing in production concerns in the Black Sea and Europe.
Wheat resumes its weather rally on global production concerns, pulling up corn and soybeans. Cattle take a breather despite higher cash. Hogs struggle on China news. Mike Zuzulo, Global Commodity Analytics, has more.
Cattle futures pulled up by last week’s strong cash, cutouts. Hogs try to bounce. Grains add weather premium but can markets get above last week’s chart resistance? Brad Kooima, Kooima Kooima Varilek, has insight.
Jim McCormick, AgMarket.Net, says corn and wheat saw technical selling and profit taking for the last four sessions after running into chart resistance. It could be seasonal top without fresh weather concerns.
Jim McCormick, AgMarket.Net, says corn and wheat futures tried to rally several sessions and ended lower after running into chart resistance. That could be a seasonal top unless there is a bigger weather story.
Cattle futures make near term highs pushed by higher cash and cutouts. Hogs fail with the futures premium to the LHI. Scott Varilek, Kooima Kooima Varilek has details. Corn needs to hold key support, soybeans run.
Grains end mostly lower except nearby soybeans and bean oil. Mike Minor, Professional Ag Marketing, says this may just be just a routine consolidation as the market waits for a bigger weather story to emerge.
Grains end mostly lower except nearby soybeans and bean oil. Is this a healthy correction or topping action? Mike Minor, Professional Ag Marketing, has the answer and insight on the rally in livestock.
Grains start higher led by wheat on global crop concerns, but the markets can’t get above chart resistance. Cattle higher following a surge in wholesale beef. Randy Martinson, Martinson Ag, has details.