WEATHER
Dave Chatterton of Strategic Farm Marketing says USDA provided some positive data for the corn market in the WASDE and could be headed for $5.
Rich Nelson with Allendale says grains saw selling pressure as there are plenty of questions regarding USDA’s numbers especially after last August’s yield and acreage shock.
A severe Midwest storm system is producing destructive 100+ mph winds from Chicago to northwest Indiana as farmers survey field damage.
Mike Minor with Professional Ag Marketing says grains were under pressure early Tuesday positioning ahead of the August report and with news of Russia and Ukraine meeting to discuss safe passage of vessels in the Black Sea.
Arlan Suderman of StoneX says while the focus of the WASDE report continues to be yields, he thinks there are some underlying factors that are more important.
Brad Kooima of Kooima Kooima Varilek says live cattle failed at the 50% retracement levels, even with higher cash trade. So, what will it take to get through those resistance areas on the futures?
DuWayne Bosse with Bolt Marketing says corn and soybeans traded both sides of steady on Friday gearing up for the WASDE.
Scott Varilek with Kooima Kooima Varilek says cattle futures hit resistance on the charts despite higher cash. So what will it take to get through those resistance areas?
Mike Castle of StoneX says with a lack of any major news, corn and soybeans saw a bit of positioning ahead of the Aug. 12 WASDE Report
Allison Thompson with The Money Farm says grains are drifting quietly lower with no fresh new news and awaiting the WASDE.