Wheat
Scott Varilek, Kooima Kooima Varilek, says grains are rallying but cattle are seeing some selling pressure again ahead of a three day weekend but are holding chart support.
Rich Nelson of Allendale says grains closed quietly higher with corn and wheat supported by strong weekly exports.
Mike Minor, Professional Ag Marketing, says the rally in corn was fueled by fund buying especially after inflation data in the CPI ran hot. Pressure in soybeans came from South American hedge pressure.
DuWayne Bosse, Bolt Marketing, says after a lower opening Wednesday corn recovered nicely on fund buying and a fresh export sale.
Brian Grete with Pro Farmers says grains sold off into the close Tuesday disappointed about the lack of changes in the domestic balance sheets in the WASDE.
Jerry Gulke, president of the Gulke Group, says grains took a pause Friday in preparation for the February WASDE but is in the critical price discovery process before planting.
Alan Brugler, A&N Economics, says grains pulled back Friday on profit taking after hitting chart resistance and with uncertainty about trade and administrative policies.
Dave Chatterton, Strategic Farm Marketing, says grain markets rebounded late session led by wheat.
Darin Newsom with Barchart says ag markets continue to ride the roller coaster of headlines about tariffs and policy changes being imposed by the Trump Administration. This is driving fund and algorithm trading.
John Heinberg, Total Farm Marketing, says grains opened lower on Monday but recovered shortly after the opening when news broke that the U.S. would delay tariffs on Mexico for 30 days to allow negotiations.