Wheat
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.
Brad Kooima, Kooima Kooima Varilek, says grain and livestock futures opened mostly lower in response to tariffs imposed on China, Canada and Mexico over the weekend and retaliatory measures from those countries.
Bryan Doherty with Total Farm Marketing says most markets had a negative reaction to to the 25% tariffs on Mexican and Canada starting this weekend and possible retaliation.
Randy Martinson, Martinson Ag, says grain and hog markets opened lower reacting to President Trump announcing Thursday afternoon the U.S. would be moving ahead with 25% tariffs on Mexico and Canada on Feb. 1.
Kent Beadle, Paradigm Futures, says grains rallied with corn making new highs for the move but wheat also saw double digit gains.