Markets Now with Michelle Rook: Recent Episodes
Michelle Rook
Mike talks about the pressure in grain markets early Tuesday on weather, WASDE positioning and Ukraine announcing an alternative export route. Cattle higher with help from cash and death loss, hogs fail with poor demand.
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Brad Kooima with Kooima, Kooima Varilek
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Scott Varilek, Kooima Kooima Varilek
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Mike says corn and soybeans bounced off support with fresh China soybean sales and positioning ahead of the WASDE. Wheat saw technical selling with poor exports. Cattle hit resistance and saw profit taking, hogs were also under pressure.
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Chuck says grains fall removing weather premium, but money flow and lower crude oil priced played a role, Cattle see a chart breakout, hogs follow.
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Mark Knight, Farmer's Keeper Financial
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Brad Kooima, Kooima Kooima Varilek
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Matt says grains closed lower on Friday and for the week taking out weather and geopolitical premium. Will the markets be able to find support soon? Cattle ended higher for the week, so is all the bearish border news digested?
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Scott Varilek, Kooima Kooima Varilek
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Don says wheat fades a big early rally on Black Sea export disruptions, corn and soybeans fall with favorable weather. Cattle saw additional strength and bottoming action? Hogs plummeted.
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Jamie says grains fall with soybeans leading the plunge on weather and China concerns. Is the rally over? Crude oil rallies, while the FOMC leaves rates unchanged. Cattle continue to recover.
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Mike Minor, Professional Ag Marketing says corn and soybeans fall on more favorable weather. Cattle continue to recover, hogs take a break.
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John Heinberg, Total Farm Marketing says corn and soybeans see a technical bounce on falling crop ratings. Cattle recover but for how long?
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DuWayne Bosse of Bolt Marketing says grains try to recover after an ugly day Monday with lower crop ratings but will it hold? Cattle also bounce early after the negative reaction to the border opening to Mexican imports on Aug. 24.
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Grains Implode on Flip in War, Wx and China: Cattle Crash on MX Border Reopening
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Joe Kooima, Kooima Kooima Varilek says grain and livestock futures are sharply lower Monday morning. Cattle fall as the Mexican border is reopened to imports, grains remove war and weather premium.
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Scott Varilek, Kooima Kooima Varilek talks about if the cattle market is bottoming? Grains see some profit taking but is the rally over?
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Bryan Doherty, Total Farm Marketing
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Grains Explode to New Highs on War and Weather Concerns: How High Will Prices Run?
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Vince Boddicker, Farmers Trading Company says grains soar on Wednesday adding war and weather premium. Why can't cattle hold?
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Greg McBride, Allendale, Inc. says grains consolidate on crop conditions and weather. Cattle continue to bounce.
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Mark Schultz, Northstar Commodity says soybeans and corn make fresh highs for the move but for how long? Wheat sets back on profit taking, while cattle bounce or put in a low?
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Scott Varilek, Kooima Kooima Varilek says cattle continue to slide looking for a bottom, hogs are seeing a chart breakout, while grains are watching weather and soybean export sales.
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Garrett says grains fall on profit taking, while cattle make more new lows for the move.
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Brad Kooima, Kooima Kooima Varilek
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Scott Varilek, Kooima Kooima Varilek
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Brad says live cattle end lower again Wednesday, while feeder cattle rebounded. But is the bull market over? Hogs surge on short covering, while grain fall on profit taking.
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Mark Knight, Farmer's Keeper Financial
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Naomi says grains extended gains on Tuesday on weather and China buys. However, how long can the rally be sustained? Can soybeans get above $12? Are cattle rolling over?
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Darin Newsom, Barchart says grains see Turnaround Tuesday consolidation but will the market be able to move higher on weather and China buys? And are cattle rolling over?
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Chuck Shelby, Zaner Ag Hedge says grains rally on weather and China's Commerce Ministry confirming they will be lowering tariffs 10% on U.S. ag products. Cattle and hogs ended mixed.
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Joe says cattle fall on lower cash, higher corn and more technical selling, the same is true for hogs. Grains rally on weather and China news.
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Allison says grains closed mixed pre-holiday without a weather threat or confirmation of China business. However, wheat and old crop corn posted a higher weekly close. So what's next for the markets?
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Scott Varilek, Kooima Kooima Varilek
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Darren says grains extend rally post reports with talk of China looking for U.S. soybeans and other products. Is this confirming a low in the markets?
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Arlan breaks down the USDA reports and the positive price response in the grain markets. Can the market build on it?
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Mike explains what tanked the grain and cattle markets on Monday.
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Brad Kooima, Kooima Kooima Varilek
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Scott Varilek, Kooima Kooima Varilek
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Dan says soybeans hold as China buys are just around the corner, while corn and wheat saw more fund selling. Cattle corrected, but is it just routine profit taking? Milk futures digest higher milk production.
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Mike Minor, Professional Ag Marketing
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Mike North, Ever.Ag says corn and soybeans were testing support on Monday on weather. Cattle made new highs for the move with higher cash and a bullish COF report. Milk futures will continue to see headwinds from higher production.
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Mark talks about the risk off day in grains on pre-holiday profit taking and a lack of bullish news. Cattle fall pre-report and cash.
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Scott Varilek, Kooima Kooima Varilek
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Vince Boddicker, Farmers Trading Company says grains bounce on talk China is looking for bids. Could higher closes confirm lows in the grain markets? Cattle and hogs mostly higher.
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Kevin Duling, KD Investors, says grains put in nice reversals. So are lows forming? Cattle have a strong technical day with higher equities, firming cash trade.
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Jim discusses if funds are done pushing grains lower. While cattle correct with lower cash and with the closure of a JBS Pennsylvania beef plant.
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Scott Varilek, Kooima Kooima Varilek
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Grain markets end mostly lower on weather and no bullish news in the WASDE, while cotton climbs. Cattle extend gains, but can the market make new highs?
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Brad Kooima, Kooima Kooima Varilek
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Dave says corn and wheat bounce as funds take a break from selling ahead of the WASDE, while soybeans were still under pressure. Cattle reverse and end lower on profit taking after the NWS rally, hogs make six month lows.
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Randy Martinson says grains were lower and made new lows for the move as funds liquidated and on weather. Cattle saw profit taking on NWS concerns, while hogs scored a key reversal higher.
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Mark Knight, Farmers Keeper Financial
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Garrett Toay says grains fall on fund selling and divorce from crude oil. Cattle recover and fade another NWS case, while hogs make 6 month lows.
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Scott Varilek, Kooima Kooima Varilek says cattle bounce Monday, fading another NWS case 31 miles from the U.S. border. Hogs try to bounce, with corn making new lows.
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Matt discusses what caused the risk off selling across the grain and livestock markets on Friday and for the week. Will the markets recover in a new month?
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Brad says cattle crash with a NWS case 52 miles from Texas and with poor technicals. Hogs continue lower. Grains mostly lower with crude oil.
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Darren Frye Water Street Solutions says corn, soybeans and cotton rally on talk of China tariff cuts, amid gyrations in crude oil on a possible cease fire. Cattle hogs failed to extend rallies.
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Mike Minor, Professional Ag Marketing
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Chuck talks about the lower day in corn and wheat tied to war headlines. How much more will funds liquidate? Soybeans hold, with a nice rally in cattle and hogs.
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Garrett Toay, AgTraderTalk, explains what drove the rally in grains on Friday and the pressure in livestock.
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Scott Varilek, Kooima Kooima Varilek, says cattle are lower but are holding chart support and he thinks improving cash bids could pull the market back up. Hogs are challenging chart resistance with strong cash and cutouts. Grains are higher led by wheat with Black Sea war headlines, a lower dollar and cold weather supportive.
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Rich Nelson of Allendale says grains close quietly higher with corn and wheat supported by strong weekly exports, while soybeans brushed off poor export sales and focused on lower production estimates for both Brazil and Argentina. Cattle bounced with better cash bids, while hogs saw profit taking after new contract highs Wednesday.
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Mike Minor, Professional Ag Marketing, says corn ends higher on fund buying but why can't soybeans and wheat follow? Cattle consolidate while hogs pushed to new highs.
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DuWayne Bosse, Bolt Marketing, says after a lower opening corn is recovering nicely on fund buying, pulling wheat up and soybeans off their low. Cattle are trying to recover and hogs make new highs.
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Brian Grete with Pro Farmers says grains end lower disappointed about the WASDE and with tariff fears. Cattle see fund liquidation, so is the top in? Hogs higher with cash and cutouts.
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Jim McCormick, AgMarket.Net, provides analysis of the WASDE which showed no change in the U.S. balance sheet and just minor adjustments to global and South American production.
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Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn end higher all alone squaring ahead of the WASDE with bullish expectations, soybeans and meal saw pressure from improved Argentina weather, and tariff news. Wheat set back on profit taking. Cattle recovered nicely but how much will the market retrace? Hogs consolidate after hitting resistance.
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Brad Kooima, KKV, says cattle are holding trendlines support on cattle but will they continue to do that amidst a list of bearish news? Hogs hold together with despite tariff talk and so do corn and soybeans.
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Alan Brugler, A&N Economics, says grains pulled back Friday on profit taking after hitting chart resistance, trade uncertainty and with improved weather in South America. Live cattle futures ended higher but were down for the week with lower cash. Is this just a healthy correction after record highs?
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Scott Varilek, KKV, says cattle are trying to recover after the trifecta that tanked futures and cash Thursday, including a new bird flu strain. Grains are under pressure, with hogs higher.
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Dave Chatterton, Strategic Farm Marketing, says grain markets rebound late session led by wheat, hogs end higher but a washout in cattle futures following lower cash and cutouts.
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Darin Newsom with Barchart says ag markets are seeing some early pressure as they are riding the roller coaster of headlines about tariffs, etc. When will the market get back to trading its own fundamentals?
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Kevin Good with CattleFax has the outlook for cattle prices for 2025 from CattleCon 2025.
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Brad Kooima, Kooima Kooima Varilek, says grains and hogs were higher Tuesday with cattle lower for another day but is this a healthy correction in a longer bull market?
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John Heinberg, Total Farm Marketing, says grains rebound on Mexican tariff delay, but also hope of a China deal and technical buying. Livestock end lower with tariff concerns weighing on hogs, but cattle saw technical selling after looking tired and with the 5 area weighted average steer at $209.57, down $1.22 from last week.
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Brad Kooima, Kooima Kooima Varilek, says most ag markets were lower early Monday, except soybeans. It was in response to tariffs imposed on China, Canada and Mexico and retailiatory measures from those countries. Hogs are taking the news the worst. Cattle markets are also sorting through the Cattle Inventory numbers, which were mostly friendly, but the border is reopening to Mexican feeder cattle.
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Bryan Doherty with Total Farm Marketing says ag markets were mostly lower except for cattle on Friday in reaction to 25% tariffs on Mexican and Canada starting this weekend and possible retaliation. Corn had a key weekly reversal lower. Cattle rebounded with higher cash and ahead of the bullish Cattle Inventory Report.
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Randy Martinson, Martinson Ag, says grain and hog markets are down reacting to looming tariffs on Mexico and Canada and possible retaliation plus end of month positioning. Cattle are mixed despite sharply higher cash in the South, awaiting the Cattle Inventory Report.
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Jeff Hoogendoorn, Professional Ag Marketing, says corn, soybeans and cattle all correct on Thursday. Is the bull run nearing the end in all of these markets or is this just profit taking end of month?
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Kent Beadle, Paradigm Futures, details what drove the rally in grains and new highs for the move in corn. Can the market build on it? Cattle take a break with end of month profit taking, hogs end mixed, while the Fed leaves rates unchanged.
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Chip Nellinger, Blue-Reef AgriMarketing says grains rally Wednesday with corn pulling up the rest of the complex with SA weather concerns. Livestock take a break with some end of month profit taking and hogs follow.
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Chuck Shelby, Risk Management Commodities, says grains close higher seeing fund buying and consolidation with the markets still digesting possible tariffs and South American weather. What would it take to break corn and soybeans above last week's highs? Livestock futures close strong with cattle breaking to new highs chasing cash, but how long can the market stay in record territory and will hogs continue to follow?
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DuWayne Bosse, Bolt Marketing, says corn and wheat are trying to recover Tuesday with fund short covering. Soybeans have been two sided. The market is still watching tariff and weather developments in South America. Cattle are higher again this morning still supported by the discount to last week's record cash, hogs are following cattle.
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Mike Zuzulo, Global Commodity Analytics, says grains consolidate on better South American weather and tariff fears. Live cattle make all-time highs on record cash with feeders lower.
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Cattle hit record highs again says Brad Kooima of Kooima Kooima Varilek, hogs follow. Grains break on SA weather and tariff concerns.
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Dan Basse, Ag Resource, says grain markets pull back on profit taking, rains chances in dry areas of South America and Argentina lowering their grain export tax. Cattle futures and cash hit record highs.
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Scott Varilek, KKV, says cattle make new highs with cash in the North up to $210 and the MX border still closed to feeder imports. Hogs follow with strong exports. Grains set back on profit taking and Argentina lowering its export taxes on grains.
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Craig Turner with StoneX says corn and soybeans make fresh for the move highs on SA weather and fund buying. So how high can prices go? Wheat lags due to the higher dollar, while cattle make all-time highs with the border ban on Mexican feeder cattle continuing. Will prices take the next leg higher?
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Chuck Shelby, Risk Management Commodities, says corn and soybeans have rebounded this morning adding South America weather premium, while wheat and livestock are seeing profit taking.
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Ted Seifried with Zaner Ag Hedge says grains see a profit taking setback, while cattle make all time highs.
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Darin Newsom with Barchart says grains see some early strength despite profit taking overnight and talk of 10% tariffs on China. Where is the strength coming from? China buying, Brazil crop problems? USDA announced a sale of 5.35 mb of corn to unknown this morning, so was that China? Cattle continue higher on record cash.
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Arlan Suderman of StoneX says grain prices surge on lack of Chinese tariffs, talk of possible Chinese buying and a trade deal, plus SA and U.S. weather. Cattle ended mixed with live cattle up on record cash, hogs lower on Mexican tariff fears.
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Kent Beadle, Paradigm Futures, says grain markets are rallying and corn makes one year highs, with no immediate Chinese tariffs being imposed by the Trump Administration and South American weather. Cattle mostly higher on record cash, while hogs are higher despite possible tariffs on Mexico and Canada on Feb. 1.
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Tommy Grisafi with NesvickTrading Group says grains end higher Friday with corn closing above technical resistance of $4.80 despite the uncertainty of SA weather and possible tariffs under a new administration. What kind of volatility is head in all of the markets? Cattle try to recover Friday in the face of record cash but do futures look toppy?
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Scott Varilek, Kooima Kooima Varilek, says livestock are weaker with cattle down a second day despite record cash. Is this finally the top? Corn and soybeans recover after a down day Thursday on China economic news but watching SA weather and possible tariffs. Corn still trying to get through $4.80 technical resistance.
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Corn ends higher, but why can't soybeans follow? Don Roose, U.S. Commodities has the answer and cattle are up on record cash.
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Mike Zuzulo, Global Commodity Analytics, says grain markets are mostly higher early Wednesday with corn and soybeans rebounding on South American weather concerns and watching the currency markets. Cattle are back higher with higher cash being reported in the country.
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DuWayne Bosse of Bolt Marketing says corn and soybeans fall on profit taking and farmer selling but is the rally over or just taking a pause? Wheat ends mostly lower despite a softer dollar on weak demand. Live cattle end lower for a second day, so it it a healthy correction? Lean hogs higher with the deferreds making new highs for the move, but what is driving it?
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Craig Turner with StoneX says corn and soybeans recover to trade higher after early profit taking and farmer selling. Wheat follows with a pullback in the dollar.
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Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn and soybeans make new highs for the move extending the report rally and with technical buying and short covering, while wheat follows. Cattle take a break after making new highs on last week's record cash, but he calls it a healthy correction.
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Livestock start mixed with grains higher. Brad Kooima, Kooima Kooima Varilek, says cattle are consolidating after new highs for the move on Friday on record cash, which is healthy. Hogs may have found a bottom. While corn and soybeans make new highs for the move on the bullish report data. But are $5 corn and $11 beans in the cards?
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Corn and soybeans soar after USDA's bullish cuts to production but how how can prices go? Shawn Hackett, Hackett Financial Advisors, has insight. Plus, looks at South America's crop, 45Z guidance, the wheat market. Plus, how high do cattle project to after the technical breakout and record cash?
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Scott Varilek of Kooima Kooima Varilek says cattle futures make new highs pulled along by record cash, hogs follow put are getting some support from disease problems. Corn and soybeans are slightly higher squaring ahead of reports and 45Z guidance release and despite weak weekly exports.
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Allison Thompson with The Money Farm says row crops end higher Thursday with wheat lower. Cattle futures surge with record cash.
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Mark Schultz, Northstar Commodity, explains what pressured grain and livestock markets on Wednesday.
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Rich Nelson of Allendale says grains see early weakness with a higher dollar and report positioning. He also looks at how long the cattle market can continue to move higher and if funds will keep liquidating in the hogs.
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Matt Bennett, AgMarket.Net, says corn and soybeans end near steady with wheat slightly higher on report positioning while cattle make new contract highs.
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Corn and soybeans retreat, with wheat higher. Livestock are mixed. Kent Beadle of Paradigm Futures has details on price action and the upcoming USDA Reports.
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Naomi Blohm, Total Farm Marketing, explains what drove the recovery in grains and cattle on Monday.
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Grains are higher trading dry weather in Argentina. Brad Kooima of Kooima Kooima Varilek says cattle are strong pricing in record cash from Friday, while hogs are mixed.
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Grain and livestock futures end mostly lower on Friday. Randy Martinson, Martinson Ag, discusses where the commodity wide selling pressure came from.
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Grain and livestock are mostly lower Friday, except nearby live cattle. Allison Thompson with The Money Farm discusses where the pressure is coming from.
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Corn, soybeans and cattle all higher on Thursday. Darin Newsom with Barchart discusses if those markets can continue to move higher and if there will be additional fund buying.
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What will it take for corn to continue to rally and will it pull soybeans and wheat along? Vince Boddicker, Farmers Trading Company, has the answer.
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Grain and cattle futures close higher to end 2024, with hogs lower. DuWayne Bosse, Bolt Marketing, has details.
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Grain and livestock futures end mixed on Monday. Vince Boddicker, Farmers Trading Company, has details.
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Grain and cattle markets start higher Monday, with hogs lower. Scott Varilek, Kooima Kooima Varilek, has more.
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Grains close mixed Friday with livestock mostly higher. Tommy Grisafi with Nesvick Trading Company says the grain markets saw light holiday trade and rebalancing of portfolios end of year and watching outside markets and money flow. Corn saw follow through buying and made new 6 month highs, closing a second day above the 200 day moving average. Wheat followed with short covering and strong weekly exports. Soybeans saw profit taking and maybe some farmer selling. Cattle also closed strong with higher cutouts and cash at $192 in the South. He also discusses where the money will go to start a new year.
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Grain and livestock close mostly higher Thursday. Garrett Toay, AgTraderTalk, says corn made six month highs and finally closed above the 200 day moving average which has been tough chart resistance. The key will be if the market can continue to build on it. Soybeans also saw strong gains on technical buying but still pricing in possible talk of China export business. Wheat followed the strength in row crops. Cattle futures ended higher despite cash news and Toay chalks it up to a relief rally. Lean hogs opened lower but rebounded to close mostly higher but he says that market is in a consolidation phase.
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Grain and livestock futures close mixed on Monday. Brad Kooima, Kooima Kooima Varilek, has details.
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Chip Nellinger, Blue Reef Agri-Markets says corn posts a six month high close on Friday along with higher soybeans and talk of China purchasing large amounts of U.S. soybeans. But which market wins the tug of war long term?
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Grain and livestock close mostly higher Friday. Chip Nellinger, Blue Reef Agri-Marketing breaks down market action.
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Grain and livestock markets are mostly higher this morning. Grains are seeing value and technical buying but Kent Beadle of Paradigm Futures says soybeans are supported by a rebound in the Brazilian Real. Cattle saw a mixed open but are moving higher with support from the steady to $2 higher cash trade. However, there could be choppy trade ahead of the Cattle on Feed Report. Hogs are strong again with the push of lower slaughter numbers.
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Corn and soybeans end higher Thursday, wheat and cattle lower, hogs mixed. Scott Varilek of Kooima Kooima Varilek says soybeans see a dead cat bounce off contract lows Thursday. Soybeans helped pull corn up along with decent export news and that overshadowed the weakness in wheat which scored new contact lows. Cattle futures were lower and did more technical damage despite strong cash news. So is this topping action? Hogs ended mixed.
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Grain are mixed and the stock markets is trying to recover after the meltdown Wednesday. Cattle are lower. Darin Newsom, Senior Market Analyst with Barchart, has details.
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Cotton made another new contract low close on Wednesday. Is there any hope for the market? Alan Brugler, A&N Economics, LLC. has analysis.
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What's driving the grain markets as we end 2024 and see light holiday volume? Rich Nelson of Allendale has analysis.
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Grains end mixed, livestock lower on Monday. Pro Farmer Editor Brian Grete, says soybeans fell with rain in Brazil and big crop forecasts, plus a disappointing NOPA crush data. Corn held up on fund buying and spread action with soybeans, while wheat ended mixed caught between the two. Cattle futures ended lower on profit taking and fund long liquidation and hogs like saw the same action.
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Grain and livestock futures trade higher early. Brad Kooima, Kooima Kooima Varilek, says the nearby live cattle futures made new highs for the move pushed by sharply higher cash in the North at mostly $196, the South was at $191. Can the market keep climbing? Feeders recover as APHIS says the Mexican border will not reopen to imports of feeder cattle until 2025. Hogs are higher as well as the grains.
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Grains end the week on a sour note wtih cattle mixed and hogs higher Friday. Oliver Sloup, Blue Line Futures, has analysis.
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Grains are mixed early with livestock higher. Randy Martinson, Martinson Ag, says soybeans are seeing profit taking on South American weather and despite another 7.3 million bu. of export business this morning, Corn and wheat are following soybeans with a higher dollar serving as a headwind. Cattle are recovering but need to close higher to negate yesterday's reversal. There is talk APHIS will release guidance on when the Mexican border will open to feeder cattle later today.
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Grain and livestock markets close mixed Thursday. Bryan Doherty, Total Farm Marketing, says corn is hit by profit taking and farmer selling after running into chart resistance and that pulls the wheat market lower. Soybean held their own still holding chart support with solid weekly exports and a 12.3 million bu. sale of soybeans to unknown destinations, plus the South American crop is not made just yet. Cattle futures made new highs for the move with the volume of cash trade steady to $3 higher and with higher cutouts but then failed. So is it a reversal or a top? Milk and product prices soar on Thursday, what was behind the move and how much upside is there?
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Grains are drifting after hitting chart resistance but livestock are strong. Mark Schultz, NorthStar Commodity, says weekly exports were just routine this morning and a 12.3 mb sale of soybeans to unknown destinations is failing to excite the market. South American weather will be the key moving forward. Cattle are higher with live cattle making new highs for the move on sharply higher cash, hogs are following.
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Grain and livestock close mixed Wednesday. Alan Brugler of A&N Economics, LLC says corn started higher still digesting the bullish cut to stocks but ran into chart resistance. He thinks eventually the market will take out that level due to strong demand. Soybeans ended higher with some corn soybean spread unwinding. Wheat extended gains on short covering and tightening global stocks. Cattle make new highs for the move with higher cash in the North at $192-$193 and $300 dressed so is the market poised to retest the contract or all time highs? Hogs continue to consolidate on profit taking and hedge selling.
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Kent Beadle, Paradigm Futures, says grains are higher early Wednesday extending gains from Tuesday still digesting the bullish USDA report data for corn and even wheat. Soybeans seeing spillover support. Cattle open lower then quickly see buying interest with some steady/higher cash at $191 in the South yesterday but markets are up into chart resistance. Hogs rebound after a lower day yesterday which saw hedge selling pressure but funds continue to buy on the breaks.
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Darren Frye, Water Street Solutions, says grains close higher after the WASDE and USDA's surprise cut in corn ending stocks by 200 million bushels. Soybeans and wheat followed corn but wheat also say lower ending stocks by 20 million. Cattle also closed strong pushed by higher cash and cutouts plus strong demand.
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USDA shocks market with lower corn ending stocks in the December report. Matt Bennett, AgMarket.Net, has more.
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Grains end mixed on Monday with corn and wheat seeing some value buying and adding risk premium on geopolitical concerns. Corn continues to see strong demand and that could show up in the WASDE Tuesday as well. Soybeans fell with lower Brazil basis levels as the market gears up for a record crop. Tariff talk has been negative but he expects a trade war followed by a trade deal. Cattle priced in higher cash but are still seeing apprehension and trading at a discount. Hogs were lower on hedge pressure and Funds took a break from adding to their record long position. But he says with 2% lower production than expected by USDA the market will be well supported.
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Cattle and grains see early strength, while hogs set back. Brad Kooima, Kooima Kooima Varilek, has more.
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Grains and live cattle end mixed, with feeders, hogs and mlk higher. Bryan Doherty, Total Farm Marketing, says March corn sees a chart breakout Friday above $4.35 and posts a higher weekly close pricing in strong exports and lower ending stocks in Tuesday's WASDE. Soybeans were steady to higher in the January but also posted a higher weekly close but can the market hold with tariff fears and the large SA crop coming? Wheat scored a double bottom this week and Doherty is hopeful the market can build on it. However, live cattle closed mixed despite cash from $190 -$192 and higher boxed beef values as he says the market is anticipating a slow down in demand end of year. Milk futures scored a higher weekly reversal and he thinks the low might be in in that market as well.
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Grain and livestock markets are mixed early. Scott Varilek, Kooima Kooima Varilek, says cattle are trying to recover after a poor technical close yesterday with the help of strong cash. Hogs are consolidating but the funds may continue to buy the breaks with talk of PRRS. Corn is higher, with March breaking above $4.35 resistance with strong demand and ideas of lower ending stocks in next week's WASDE. However, he says a close above this level may only result in another 5 cent higher move as the market still doesn't have the bullish catalyst to support a bigger rally. Soybeans consolidate after a higher day yesterday with China buying rumors supporting the market, but with no confirmation of any business and continued higher estimates for Brazil's crop futures are setting back.
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Markets end mostly lower except wheat. Dave Chatterton, Strategic Farm Marketing, discusses what caused the risk off selling in ag markets.
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Grains and livestock are mixed to lower early Wednesday. DuWayne Bosse of Bolt Marketing says soybeans are consolidating with products, despite a 30,000 MT sale of bean oil to South Korea. Corn is following soybeans with some light support from drier longer term weather in Argentina. Wheat is trying to bounce with some short covering. Cattle futures are consolidating after the higher day yesterday as the markets ran into chart resistance and saw lower boxed beef values. Hogs are also seeing some more profit taking with lower cutouts, but will the funds buy the break again defending their record long position?
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Grain and livestock end mixed Tuesday. John Heinberg, Total Farm Marketing, says corn failed mid-session with conflicting information about guidance being delayed for the 45Z Clean Fuel Production Credits, but it also hit chart resistance. Soybeans ended higher with short covering after bouncing off support and with help from higher product values and talk of China buying soybeans. Wheat saw a slight bounce off yesterday's new lows iwth the dollar slightly weaker. Cattle futures bounced with higher Choice boxed beef at noon and speculation cash could be higher again but can the market get through resistance on the charts, especially Feb. live cattle at $190 and can feeders continue to rally? Hogs saw some consolidation and Heinberg says that market is overbought and due for a correction.
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Grain and livestock are higher to start Tuesday. Brad Kooima, Kooima Kooima Varilek, says cattle are recovering after headlines about a Kansas corned beef plant closure hurt the market Monday and over shadowed another week of higher cash and strong cutouts. Last week's cash cattle average came in just under $190 and he thinks the market will be higher again this week. Feeders have been on fire up $18 for the month of November but with the Mexican border reopening soon he says the futures market may soon be due for a correction, while cash may continue strong. Hogs are higher with funds record long and adding to their position with help from higher cutouts. Grains are also seeing a technical bounce after testing new lows in soybeans and wheat Monday.
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Grain and cattle futures end mostly lower Monday. Kevin Duling, KD Investors, says more tariff talk over the weekend on the BRICS countries has funds nervous and that sent the dollar higher which is also negative for ag markets. Despite positive export news including another 4.9 million bu. of soybeans sold to China, the soybean market has failed to rally. Rain over the weekend in Brazil and record crop forecasts for South America are weighing on the soybeans and products. Wheat is down into contract lows again on more technical selling and despite lower production and export forecasts from Russia. Duling says there is disconnect between the cash and futures and cash will have to sort it out as it bids for quality. Corn is more of a follower of wheat and even soybeans despite solid demand. Cattle set back on rumors of a plant closing in Kansas at a corned beef plant and despite higher cash and cutouts.
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Grain and livestock markets closed mixed Friday. Jim McCormick, AgMarket.Net, says markets were still digesting tariff threats and seeing profit taking tied to first notice day and end of the month. He explains what tariffs and a possible trade war will mean for ag markets and the broader economy?
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Grain and hogs markets end mixed Wednesday with cattle higher. Mike Minor, Professional Ag Marketing, says the markets shook off tariff talk and saw positioning end of month and before first notice day Friday. Soybeans saw slight gains on a lower dollar and with talk of China business on top of the flash export sale announced. Wheat saw pressure on technical selling and chances for rain in parts of Russia. Corn was caught in the tug of war between the two. Cattle futures gained with higher cash and feeders scored more new highs for the move. Hogs made new contract highs and then consolidated.
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Grains end mixed Tuesday, with livestock mostly higher. Jim McCormick, AgMarket.Net, says corn and soybeans slid on possible tariffs being placed on Mexico, Canada and China. Wheat ended higher on short covering. Positioning ahead of end of the month and first notice day was also evident. Cattle ended mostly higher with new highs for the move with import restrictions on Mexican feeder cattle due to New World Screwworm. Hogs also extended gains into new contract highs.
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Grains are mixed early with livestock higher. Randy Martinson, Martinson Ag, says market reaction has been muted to possible 25% tariffs on Mexico and Canada and 10% on China on the first day of the Trump administration. He expects front loading of product and a pick up in demand for corn, wheat, pork and other products ahead of that. Wheat is adding war premium back in with Black Sea tensions reigniting. Cattle are higher with feeders leading on import restrictions on Mexican feeder cattle due to a case of New World Screwworm. Hogs are making new contract highs in the back months.
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Grains and cattle markets end mixed Monday, hogs higher. Kent Beadle with Paradigm Futures says cattle had a volatile session with a gap higher open on news the New World Screwworm had been detected in Mexico and APHIS was restricting imports. However, it was offset by a bearish Cattle on Feed Report. So live cattle ended lower and feeder cattle well off session highs. Hogs ended higher with surging cutouts at noon and retested contract highs in the deferreds. Grains were mixed with soybeans supported by strong export inspections and talk of more China export business. Corn saw nearly 18 million bushels of export sales to Mexico but it failed to rally the market as corn followed wheat. Wheat took out war premium and also saw some profit taking in anticipation of better ratings and despite a lower dollar.
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Cattle and hogs higher early, grains mixed. Brad Kooima, Kooima Kooima Varilek, says cattle futures gapped higher on the open shaking off the bearish Cattle on Feed Report numbers and latching on to the weekend headline about New World Screw worm detected in a Mexican cow and border restrictions that followed. He says the impact on the market will depend on the duration of import restrictions. Cash cattle trade beat expectations with steady money in the North but $1 to even $2 higher trade in the South. Hogs continue to consolidate with funds shedding some of their record length but are seeing spillover from higher cattle. Corn saw another 17.9 million bu. of export business to Mexico this morning but is being drug down by wheat. Soybeans scored a key reversal off contract lows on Friday but are also trading rumors of China buying 8-10 carogos for early February delivery.
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Tomm Pfitzenmaier of Summit Commodity Brokerage talks about why basis levels are currently so strong for grains, especially corn and what farmers can do to take advantage of it while still keeping some upside open for a rally.
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Don Roose U.S. Commodities says grains end lower Thursday on technical selling, a lack of bullish news and the higher dollar. He says live cattle also fell on profit taking and caution ahead of the Cattle on Feed and seasonal demand weakness. Meanwhile feeder futures continue to be pushed by strong cash and tighter numbers. Lean hog futures shook off the higher dollar to trade higher with the funds long and the futures at a discount to the cash index.
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Grains are lower early with livestock mostly higher after a mixed open. Scott Varilek of Kooima Kooima Varilek has details.
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Corn and wheat end higher for a 4th day, but soybeans fall. Livestock mostly higher except a few live cattle contracts. DuWayne Bosse, Bolt Marketing, has details.
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Grains are mixed to lower early Wednesday with livestock mostly higher. Tomm Pfitzenmaier with Summit Commodity Brokerage says wheat is start to look tired after pricing in Black Sea war premium and running into chart resistance. The higher dollar is a headwind for all the grains. Soybeans are fading flash export sales and continue to slide with lower bean oil, the big Brazil crop and their deal with China. Corn is also seeing spillover pressure but isn't breaking hard due to strong demand. Cattle futures are building on the strong technical close Tuesday, and hogs are also trying to recover.
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Grain and livestock markets both ended mixed Tuesday. Matt Bennett, AgMarket.Net, says wheat was up for a third day continuing to see short covering and adding war premium. Corn could not follow wheat with lower soybeans and the failure to get above chart resistance. Soybeans set back on lower product values and larger Brazil crop estimates with Abiove at a record 167.7 mmt. Live and feeder cattle futures had a strong technical day back above key moving averages with feeders still the leaders on strong demand and cash feeder prices.
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Grains are mixed early with livestock firming up. Darin Newsom, Senior Market Analyst with Barchart, says wheat is seeing short covering adding risk premium with tension escalating in the Black Sea and threats by Russia to use nuclear weapons. Soybeans are lower with no South America weather threat and tariff fears still in the mix. Corn is flat caught in the middle but Newsom says demand has been strong reflected by firmer cash basis and bull spreading so he's hopeful December can finally move above $4.35 resistance. However, he is concerned about demand shutting off for all grains after Trump takes office. Cattle started mixed but have moved higher with feeders continuing to lead and despite seasonal weakness in fed cash and boxed beef.
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Grains and cattle recover Friday with hogs lower. Naomi Blohm, Total Farm Marketing, says grains help support areas and saw technical and corrective buying. Cattle also saw a short covering and profit taking heading into the weekend, while hogs were lower confirming a top with lower cutouts.
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Grains and cattle are leaning higher early Friday, hogs lower. Scott Varilek, Kooima Koomia Varilek, says cattle were lower yesterday following lower cash at $185 and with lower cutouts. Hogs are rolling over with lower cutouts as well. Grains are trying to recover with some corrective buying and solid exports.
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Grain and livestock futures all end lower Thursday. Randy Martinson, Martinson Ag, says the risk off selling was tied to new highs for the year in the dollar index, renewed fears about tariffs and a trade war and technical selling as key support was taken out on the charts of many markets. Soybean meal made new contract lows and all three wheat exchanges are close to their lows as well. Cattle saw liquidation from lower cash and cutouts. Hogs continue to consolidate with profit taking and lower cutouts.
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Grain and livestock futures are mostly lower early Thursday. Vince Boddicker, Farmers Trading Company says the lower trade for a 4th day as technical selling accelerates and a higher dollar continues to add pressure. Soybeans took out key support at $10 and soybean meal also made new contract lows. Cattle are lower but still holding last week's lows awaiting cash direction. Lean hogs are seeing profit taking and hedge pressure after this week's contract highs.
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Grains end lower for a third day, with livestock mixed. Shawn Hackett of Hackett Financial Advisors says the weakness in grains is coinciding with the strength in the dollar in what he calls the "Trump Factor". He expects more volatility ahead as the markets sort through news regarding tariffs, trade, Trump appointees and the like. Weather is in the background with favorable conditions in South America and winter wheat areas of the U.S. giving the market another reason to slide and wheat has made new lows for the move in the process. Cattle futures ended mixed and may stay sideways for a bit according to Hackett, while hogs made contract highs Tuesday and have probably topped.
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Grains lower for a third day with livestock mixed. DuWayne Bosse of Bolt Marketing says pressure in grains is coming from a higher dollar, lower crude oil, Trump's political appointments and weather. Corn is fading another 27.3 million bushels of flash export sale from Mexico and unknown. Cattle have traded two-sided with bearish seasonals offset by funds defending their longs. Lean hogs ae seeing profit taking and hedge pressure after new contract highs and with lower cutouts.
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Grains end lower for a second day while livestock rally. Chuck Shelby, Risk Management Commodities, says grains saw technical selling. Corn and soybeans had a good rally last week post-election and reached the top end of trading ranges. When prices could not take out chart resistance funds took profits, but there was also a pick up in farmer selling. The collapse in soybean oil also weighed on the bean complex and all the grains reacted to the strong dollar. Wheat made new lows for the move with improved weather in the U.S. and Black Sea. Cattle futures extended gains after reversals and selling exhaustion on Monday plus lower feed prices and that also helped hogs hit new contract highs.
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Grains are slightly lower Tuesday with livestock mostly higher. Kent Beadle with Paradigm Futures says corn and soybeans are seeing technical selling after failing at chart resistance again on Monday and soybean oil is follow palm oil lower which is also a drag on the soybeans. Wheat continues to trade better moisture in winter wheat areas. However, demand is strong for corn and soybeans with strong cash basis levels and bull spreading evident and Mexico buying another 4.35 million bushels of corn this morning. Cattle futures made new lows for the move Monday and bounced and are seeing follow through buying this morning, but to keep it going the market will need to see at least steady cash. Lean hog futures make more contract highs on fund buying and strong demand.
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Grains end lower to start the week, with livestock higher. Allison Thompson with The Money Farm says pressure in the grains came from a lack of news or fresh demand, farmer selling and bearish outside markets like lower crude oil and a higher dollar. Wheat was also down with improved weather and made new lows for the move before finding technical support. Cattle futures also made new lows before bouncing and ending in the green but is it a one day blip?
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Grains and cattle are mixed Monday morning, with hogs higher. Brad Kooima of Kooima Kooima Varilek, has details.
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Corn and soybeans end slightly higher, wheat and livestock lower. Alan Brugler, A and N Economics talks about some friendly numbers in the WASDE and if they can move the price meter, tariffs under the Trump Administration and export demand before and after Trump takes office. We also talk about wheat, cotton, the record stock market impact on future fund actvitiy, plus if cattle are about ready to roll over after a poor close Friday.
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USDA provides a bullish surprise on corn and soybean yields and ending stocks, little change on wheat. Jim McCormick, AgMarket.Net breaks it down.
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Grains are mixed early Friday, with pressure in the livestock. Scott Varilek with Kooima Kooima Varilek says cattle futures are under pressure with Choice boxes down over $6 and light cash at $188 which is down from last week. Feb live cattle futures have held support at the 100 day though. Hogs seeing pressure from lower cutouts and following cattle but still seeing the cash index rise. Grains are mixed ahead of the WASDE and despite more flash corn and soybean export sales this morning. However, there may be some farmer selling in soybeans after the big rally and spreading between corn and beans.
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Grains close mixed Thursday, livestock mostly higher. Chip Nellinger, Blue Reef Agri-Marketing, says soybeans ended with nearly 23 cent gains in the January contract on the heels of new highs for the move in the soybean oil market, spread unwinding with corn and solid weekly exports. He says he's been surprised with the ability of the soybean complex to discount the tariff concerns under a Trump Administration. Corn was up only a penny despite weekly exports of 109 million bushels, seeing farmer selling, profit taking on spreads and a lower wheat market. Wheat saw technical selling and better rains in HRW areas weigh on the market. However, there was also positoning ahead of the Fed decision of a quarter point drop in interest rates, as well as the WASDE. Nellinger is only expecting slight revisions on yield in the November report. Cattle and hogs ended mostly higher with help from the lower interest rates and despite market year low exports for both beef and pork.
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Grain and livestock futures are mixed Thursday. Mark Knight, Farmer's Keeper Financial, says soybeans are seeing follow through buying after a strong close yesterday and with strong exports of nearly 75 million bushels. He says soybeans were able to to shake off tariff concerns after the election with ideas it Trump may hold China's feet to the fire on trade and China may front load more business. Corn is getting drug down by wheat despite a strong close above resistance yesterday, exceptional weekly exports of 109 million and a flash sale of 4.7 mb to unknown. Here too he sees front loading on corn exports from Mexico and Japan before Trump takes office. Wheat is seeing pressure from rains that have fallen and more in the forecast for Hard Red Winter Wheat areas.
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Grain and livestock futures closed mostly higher except for parts of the wheat complex. Darren Frye, Water Street Solutions, says it was an impressive that grains, especially the soybean complex, shook off the election results, possible tariff hikes and a sharply higher dollar. It may be tied to hopes export business will pick up before January 20 or Frye says the market may sense that exports won't be as bad as feared as these low price levels have stimulated demand. The key will be for the market to see follow through buying. Frye was surprised with the strength and new highs in the stock market in reaction to the election but that did help support the livestock futures. The big week continues with the FOMC decision and the WASDE. .
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Grains start lower in reaction to the election but quickly come off lows and corn even finds some buying. Kevin Duling with KD Investors says he is impressed at how well the market is handling the possibiity of increased tariffs with China, maybe even Mexico. But he says this may bring a flush of export business to the U.S. before January 20. The stock market is also rallying, crude oil is lower and the dollar sharply higher in election reaction so there is some money flow impacting the ag markets and cattle are up as a result. Duling says it will be interesting to see what all of these means for the Fed decision on Thursday. Meanwhile, the market will need to gear up for the WASDE with ideas of slightly lower yields and ending stocks.
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Grains end mostly higher Tuesday, wtih cattle mixed and hogs lower. Jeff Hoogendoorn with Professional Ag Marketing says the grain markets were positioning ahead of the election, Fed decision and WASDE and seeing some strong underlying demand in corn with another flash sale of 4.9 million bushels to unknown. Corn closed above some key moving averages like the 100 day but all the grains remain fairly rangebound. Live cattle closed mostly higher except Dec bouncing off the 200 day moving average with funds defending their long position and higher Choice cutouts. Lean hogs saw follow through selling and fund long liquidation after the bearish reversals Monday and Hoogendoorn says its possible the market is in the process of topping.
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Grains are mostly higher early Tuesday, with livestock mostly lower. Randy Martinson with Martinson Ag says grains are positioning ahead of the election, Fed announcement and the WASDE. Martinson says the election results will influence the grain market direction especially with the fear of tariffs and trade disruptions. As far as the WASDE, he sees only slight adjustments on yield and demand. Cattle continue to slide on profit taking and fund liquidation and awaiting cash trade. Hogs put in reversals yesterday and are seeing more pressure today perhaps confirming a top.
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Grains close mostly higher, with livestock lower. Mark Schultz with Northstar Commodity says strong demand continues to support corn and soybeans. USDA announced more flash export sales of 10.6 million bushels of cornto Mexico and unknown and 4.85 million of soybeans also to unknown, plus export inspections were strong for soybeans. However, both markets continue to be rangebound and can't get above chart resistance. So what will it take take get above those levels? Wheat reluctantly followed the row crops with a lower dollar but some rains in HRW areas limited gains. Cattle continued to consolidate which seasonally is normal but with funds so long will they continue to defend their position? And hogs made more contract highs in the back months and then reversed. Is that market topping or will funds keep defending their record long position?
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Livesock are mostly lower Monday with grains higher led by soybeans. Joe Kooima of Kooima Kooima Varilek says grains are seeing support from strong demand and more export business. Cattle continue to correct with nervousness about the election and heavy weights, but should be well supported by steady cash and the futures discount as well as funds defending their long position. Hogs consolidate after more new contract highs, but funds are near to record long and have been buying on the dips pushing prices to levels not seen since 2013 and 2014. Kooima says it seems to be a combination of strong demand, especially exports to Mexico, and tighter than expected supplies.
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Row crops and livestock end mostly higher, wheat lower. Scott Varilek with Kooima Kooima Varilek says corn and soybeans were supported by strong demand initially but ended off highs as the markets ran into chart resistance and on election jitters and positioning. Cattle had a wild day but managed to end mostly higher except December live cattle. Is this topping action? More contract highs in lean hogs as the contra seasonal rally continues but for how long?
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Grains are all higher early Friday. Darin Newsom, Sr. Market Analyst with Barchart says some of the support coming from election jitters but demand is also a part of it. More big flash sales reported as Mexico bought 30.8 million bushels of corn and China and unknown bought over 12 milllion bushels of soybeans. There is also geopolitical concern coming from the Middle East war that may be supporting especially wheat and crude oil. Soybean oil is making near term highs following palm oil but with a 30,000 mt sale to India. Newsom says cattle look toppy and the S and P may be topping as well after Thursday's bearish monthly reversal.
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Grain and livestock ended mixed Wednesday. Mike Minor with Professional Ag Marketing says soybeans saw a nice short covering bounce on the heels of a rally in soybean oil and more flash export sales to China and unknown. However, corn could not follow soybeans or the higher wheat market, despite more export business due to harvest pressure and technical selling after failing to take out chart resistance. Cattle futures saw follow through technical selling after bearish reversals on Tuesday and with lower boxed beef values. Minor says the key will be what the cash does as the end of the week. Lean hog futures hit more contract highs on fund buying but Minor says strong demand as seen in the higher cutout value has also been supportive.
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Grain and livestock markets end mixed. Mike Zuzulo, Global Commodity Analytics, says wheat leads gains putting in risk premium on the low crop rating and triggeres some short covering. Corn follows wheat but saw some pressure taken off with the crude oil market stablizing. Soybeans set back on lower meal, South American planting progress and China's weak demand and meal prices. Cattle see profit taking after Dec live cattle hit new highs for the move, while hogs make more new highs on contraseasonal strength in cash and cutouts plus lower supplies.
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Grains see corrective buying bouncing off technical support says Kent Beadle with Paradigm Futures. He says more stable prices for crude oil is helping as well. Wheat is getting support from less rain in the forecast for HRW wheat areas and a 38% good to excellent wheat rating which is well below a year ago and historically low. Cattle are mixed after a higher day yesterday pushed by a $2.44 jump in the 5-Area Weighted Average cash price for steers, the 7th higher week. Beadle says as long as cash can stay steady to firm futures should be able to get through chart resistance. Lean hog futures make more contract highs Tuesday pushed by technical buying and contra seasonal strength in cash and cutout.
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Grains end lower, livestock higher Monday. Arlan Suderman with StoneX says grains saw technical and risk off selling from sharply lower crude oil, but harvest pressure and improved weather and planting pace in South America also weighed on the market. Cattle ended higher working in the Cattle on Feed numbers and helped by strong cash last week.
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Cattle are trading two-sided early. Brad Kooima of Kooima Kooima Varilek says the market is digesting the USDA Cattle on Feed Report. The numbers came in near expectations except placements were 2% above expectations at 98% but still below a year ago. Cash trade was mostly $190 last week up $2 and looks to be higher again this week he says. And McDonald's has put Quarter Pounders back on the menu saying the beef is free of E.coli. Lean hog futures are trading two-sided after a higher week last week with contra seasonal cash strength, but into chart resistance. Grains are setting back on technical selling, better rains in South America which have helped Brazil farmers catch up on soybean planting and crude oil is down sharply. However, Kooima says he's hopeful the lows are in the corn market with strong demand but soybeans may be suseptible to downside pressure.
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Bryan Doherty, Total Farm Marketing, says grains limp into the weekend on profit taking after hitting chart resistance but also farmer selling and rain chances in South America and the Southern Plains in the 10 day outlook. However, prices should be well supported by strong underlying demand. Live cattle consolidated heading into the weekend and Cattle on Feed Report despite $2 higher cash. The report showed on feed slightly below 100%, Placements at 98% just above expectations, Marketings at 102%.
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Grains ease, while livestock are mostly higher early Friday. Scott Varilek with Kooima Kooima Varilek says cattle make more new highs for the move on hedge lifting and higher cash trade which was generally up $2 yesterday. However, cattle are into resistance areas on the charts and may be due for a correction. Hogs scored a reversal Thursday and are looking toppy. Grains are easing with farmer selling picking up and some profit taking as many contracts are into resistance on the charts, but prices should be well supported by improved demand.
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Grains and livestock futures end mixed with corn, wheat and cattle higher, soybeans and hogs weaker. Tomm Pfitzenmaier with Summit Commodity Brokerage says corn was pushed by strong demand with 15.5 million bushels of flash sales and weekly exports of 142 million bushels, the highest in 3 1/2 years. But how much higher can prices go before the U.S. prices becomes unattractive to exporters and the markets hit chart resistance? Soybeans also saw strong exports over 79 million and more flash sales but had a disappointing close running into chart resistance. Wheat followed corn and got some help from a weaker dollar and decent exports. Cattle futures recovered with higher cash trade at mostly $190 in the South, up $2 and up to $192 in the North and he thinks cash and futures can continue to grind higher taking out the old highs. Hogs made fresh for the move highs then scored a reversal, so it that market topping?
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Grain and livestock futures are mostly higher. DuWayne Bosse of Bolt Marketing says corn and soybeans are getting pushed by strong weekly exports and more flash sales. Corn is above both the 50 and 100 day moving averages and November soybeans are above $10 so charts are looking attractive for funds as well. How long will the demand rally last with South America getting rain? Wheat has been lagging row crops with rain chances in U.S. wheat areas and competition from Russia, plus the strong dollar. Cattle rebound a day after the McDonald's E.coli story pressed the market but can cattle take out chart resistance and keep moving higher? Hogs continue to look strong on fund buying and lower than forecasted slaughter.
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Grain and livestock markets closed mixed Wednesday. Rich Nelson of Allendale says corn and soybeans showed resilience rallying into the close on technical buying and strong demand. The markets saw more flash export sales and weekly exports on Thursday are likely to be strong, plus ethanol production was robust. However, is the export activity front loading ahead of the elections? Wheat tried to follow corn and soybeans but struggled with a higher dollar. Cattle made new for the move highs and then sold off on the McDonald's e.coli story, lower stock market and running into chart resistance. Hogs also made 1 year highs and Nelson says six weeks of lower than expected slaughter numbers are supporting smaller supplies and boosting the market.
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Grains are quietly mixed Wednesday morning, with livestock higher. Alan Brugler, A and N Economics, LLC says grains are caught in a tug of war between farmer selling and strong cash basis levels due to strong demand. That was confirmed by more export sales of corn and soybeans Wednesday. However, there uncertainty in the markets about the election, tariffs and low water levels on the Mississippi River again. Plus, the dollar is higher and crude oil lower today which is a factor. Cattle rally initially and live cattle made fresh near term highs but got right into chart resistance plus there may be some initial reaction to McDonalds pulling their Quarter Pounders.
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Grain and ivestock end in the green in a risk on day with crude oil supporting the ag sector. Craig Turner with StoneX says grains saw technical buying off support areas but underlying demand is also supportive as well as an easing of hedge and harveset pressure. Wheat saw buying tied to Russia's lower crop estimates and export restrictions. He discusses how much higher prices could run on this relief rally.
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Grain and livestock are mostly higher Tuesday. Allison Thompson with The Money Farm says corn and soybeans bounced off chart support and are seeing fund short covering but also strong end user buyer with another 14.2 million bushels of corn sold to Mexico. Soybeans are also watching stimulus efforts in China again with hopes of demand. Wheat is trying to follow but struggles with improving weather in the wheat areas of the U.S. and Black Sea and Russia still undercutting global prices. Cattle recover but need to take out overhead resistance to keep the bulls buying.
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Corn and soybeans see fund or corrective buying plus help from flash export sales. Dave Chatterton, Strategic Farm Marketing, says row crops are in a tug of war between speculative and hedge selling verses end user buying which could keep the markets sideways. There is also uncertainty tied to the election and possible tariffs or a trade war. Wheat saw support from disappointing rains in the Central Plains over the weekend but ended mixed with Russia still undercutting world wheat prices in their export program. Cattle saw profit taking and divergence with steady to higher cash and cutouts. Lean hog futures made new for the move highs as funds continue to buy but will they make new contract highs?
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A higher start in grains Monday with cattle lower. Brad Kooima of Kooima Koomia Varilek says cattle fall after a lower week but despite steady to $1 higher cash last week as they were overbought. He thinks the market may be consolidating sideways, and is seeing cautious trade ahead of the Cattle on Feed Report. However, beef prices are moving higher with increased kill and that should be supportive. Hogs made new highs for the move on fund buying. Grains are back higher with a string of flash export sales and missed rains in the Southern Plains supportive.
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Grains have an ugly close on Friday and post lower weekly closes despite strong exports. Tommy Grisafi with Advance Trading says grain markets saw harvest pressure, but were also removing weather premium and Russia's changing wheat export policy was also a factor. The key will be will the funds sell more next week and push corn and soybeans back into contract lows or will the lower prices uncover more demand that provides support?
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Grains fade strong weekly exports and additional flash sales as wheat drags down the complex. Craig Turner of StoneX says end users have seen current prices as a value which has supported the markets and if you add in inflation grains could be carving out new trading ranges. However, he thinks some of the buying is tied to fear of increased tariffs or a trade war. Meanwhile, China threw more stimulus at the economy and indication to him that it is not working and could be a demand red flag. And will the funds go back short in the grains?
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Grains shake off early weakness to close higher as Darin Newsom with Barchart says end user or commercial buying stepped in. Corn has seen a string of flash export sales including another 11.7 million bushels to Mexico and unknown Thursday. He says there may be buying by export customers concerned about possible tariff's under a Trump presidency. He thinks funds may have also stepped to the sidelines and prices don't have to move much higher before commercial buying slows so that may limit upside. So where are funds moving their money? He says the softs and stock market have been the most attractive. Cattle ended mixed despite steady to higher cash trade and the market is looking tired.
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Grain and livestock end mixed Wednesday. Garrett Toay, AgTraderTalk, says corn and wheat are higher on technical or corrective buying but corn also got support from nearly 80 million bushels of flash export sales mostly to Mexico. Soybeans set back and fund selling, removing South American weather premium, China economic concerns and with heavy balance sheets. Cattle were lower except nearby live future as the markets await cash and consolidate technically. Toay isn't sure if cash can trade higher a sixth week and says a bigger correction may be in store if futures can't close above chart resistance. Lean hogs saw a nice technical recovery and are seeing strong cash and better than expected demand supportive as pork is at a value to beef.
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Grain and livestock are mostly higher, except cattle. Scott Varilek, Kooima Kooima Varilek, says cattle traded two-sided tyring to recover and overcome profit taking and hedge selling. The market needs some new bullish news to push December live cattle over $190, including higher cash. Boxed beef values have improved and so have packer margins so they should be able to pay up. Hogs broke the uptrend line yesterday but funds bought on the break especially with cash up sharply Tuesday. Corn and soybeans rebound after holding chart support but mostly due to flash export sales of 80 million bushels of corn and 6.4 million of soybeans. So end users see value.
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A red day in ag markets with risk off fund selling tied to the implosion in crude oil. However, Vince Boddicker of Farmers Trading Company says there were other factors including better weather in South America and wheat areas of the U.S. and Black Sea, record Brazil corn and soybean estimates from CONAB, poor China economic news and harvest pressure. How much technical damage was done and are the funds going to push the short side of the market again? Cattle and hogs were also lower on profit taking as markets are overbought, plus hedge pressure.
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Grains continue lower Tuesday for a third day, with cattle also lower. Randy Martinson, Martinson Ag, says grain markets are seeing pressure from harvest, weather and renewed fund selling. Grains are at important areas where technical support needs to hold or they could see a deeper selloff but there has been some export demand on the lower prices. Cattle are lower on profit taking and hedge selling. Lean hog futures are rebounding on short covering as funds defend their long position and cutouts were stronger.
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Kent Beadle of Paradigm Futures says grains see pressure with risk off outside markets including the higher dollar and lower crude oil. Funds were also back selling as row crops were removing weather premium on forecasted rains in South America and continued harvest or hedge selling by the farmer. Wheat also ran into chart resistance and was trading rain chances in the Southern Plains. Live cattle futures recovered after a lower day Friday and with stronger cash last week. Lean hogs saw some hedge selling and profit taking.
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Brad Kooima, Kooima Kooima Varilek says cattle futures are mostly higher early Monday on better cash news and trying to negate Friday's reversal. Lean hog futures ease on profit taking. While corn and soybeans see pressure from harvest and South American rain chances.
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Grains end lower after a non eventful WASDE. Oliver Sloup, Blue Line Futures, says grains saw some profit taking heading into the weekend with row crops seeing harvest pressure and focusing on South American weather, with rain chances in Brazil. He says a shift in election polls giving Trump a slight edge may have also played into China tariff talk which would be negative. Live cattle futures hit chart resistance and ended lower, despite steady to $1 higher cash trade. Lean hogs made new highs for the move in all but the October as funds continue to buy.
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Corn and soybeans end lower on harvest pressure, but John Heinberg with Total Farm Marketing says the row crop markets are removing South American weather premium and jockeying ahead of the WASDE Report out Friday morning. Wheat saw additional fund short covering and was adding risk premium with dryness in Russia and possible export curbs. Cattle make new highs for the move with steady to $1 higehr cash. Hogs followed cattle but also saw strong weekly exports. But will the funds keep pusing the meat markets?
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Grains and livestock are mixed. Weekly grain exports were decent this morning and Darin Newsom, Sr. Market Analyst for Barchart says wheat is seeing more fund short covering adding some risk premium, especially geopolitical. Soybeans are seeing harvest pressure and removing some weather premium with forecasted rains for Brazil. Corn is rangebound waiting for new news. CPI data was slightly above expectations but will the stock market continue to make new highs and what does that mean for markets like cattle or even grains?
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Grains end mixed Monday with livestock mostly higher. Brian Grete, Pro Farmer, says wheat was supported by traders adding in some geopolitical risk premium and some light short covering and that also pulled up corn. However, he thinks funds are about done taking profits and don't have a reason to go long in the grains. Soybeans held chart support but were weighed on by the lower meal market and he says if funds continue to exit their long position in the meal it will keep pressure on soybeans. Markets are also seeing some positioning ahead of the WASDE. Cattle closed mostly higher with stronger cash for a 4th week, but may have a tough time taking out last week's highs. Lean hog futures also reversed a lower start and have been resilient on fund buying and contraseasonal cutout strength.
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Cattle open higher on the heels of steady to slightly higher cash trade, then trade two-sided. Brad Kooima, Kooima Kooima Varilek, says the cash will likely be steady this week which may mean the futures could stall out. The key will be if funds defend their long position in the market. Funds are long in the lean hogs as well but that market is looking toppy. Grains are mixed early with corn and soybeans seeing a lack of fund short covering due to harvest pressure and forecasted rains in South America, so that party may be over according to Kooima. How low could prices go?
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Grains end lower Friday as well as hogs, but cattle finish higher. Don Roose, U.S. Commodities, says grains saw harvest pressure and profit taking after running into chart resistance, but were also removing weather premium. What is the next move for the grains? Cattle ended to the plus side with higher cash at $186 in the South, up $1 while hogs saw some consolidation and seasonal pressure.
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Corn and wheat set back early, with soybeans and livestock higher. Shawn Hackett, Hackett Financial Advisors, says the grains are in transition.
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Grains close lower on Thursday, with livestock mixed to lower as well. Grains saw profit taking and farmer selling. DuWayne Bosse, Bolt Marketing, says grains ran up into some chart resistance and he thinks the fund short covering is starting to subside as well. Plus, harvest pressure may be picking up and overwhelming any technical buying. The markets are still watching global weather and rains forecasted for Brazil and Argentina next week had the market removing weather premium. However, geopolitical tensions in the Middle East and caution ahead of the October WASDE are also market factors. Livestock were mixed to lower on profit taking and hedge pressure following new near term highs on Wednesday and even though cash cattle trade so far has been strong.
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A mostly lower start in the ag markets Thursday. Scott Varilek, Kooima Kooima Varilek, says after new highs for the move in cattle futures yesterday there is some hedge pressure and profit taking, plus packers talking about kill cuts and weights in the South are still above last year. However, it looks like cash trade is going to be higher again this week with some $186 in the South already and $187-$188 in the North paid by a regional and producers asking $190. Hogs are fading strong exports and seeing some profit taking after near term highs were hit there as well. Grains are mostly lower with rain chances in the South American forecast and the funds nearly out of ammunition to cover shorts, plus prices have run into some chart resistance.
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Grains and livestock futures all end higher. Randy Martinson, Martinson Ag, says funds are buying across the ag sector and in the grains covering shorts. He explains what fundamentally is driving the markets.
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Corn continues higher on fund buying and tighter corn stocks says Kent Beadle, Paradigm Futures. Wheat is following corn but also adding weather premium. Soybeans are trying to follow but continue to struggle with harvest pressure and rain chances in the extended forecast for Brazil. He says cattle are mostly lower as they are overbought and due for a correction but are supported by strong cash and ideas of steady to higher trade again this week. Hog futures are mostly higher showing their resiliance especially in the face of the port strike on the East and Gulf Coasts.
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Grains and livestock end mixed Monday. Chip Nellinger, Blue Reef Agri-Marketing says corn got some help from a slightly friendly quarter stocks number at 1.76 billion bushels, but most of the upside in corn and wheat was due to end of quarter fund short covering. The key will be whether or not funds continue that trend into a new quarter as Dec corn could not close above $4.25. Soybeans saw neutral report numbers but ended lower on rain chances in Brazil in the 10 day outlook. Live cattle made new high closes for the move on fund buying and higher cash and cutouts, with feeders lower reacting to stronger corn prices. Hogs were mixed.
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Grains are slightly higher following the USDA Quarterly Stocks Report and Small Grains Summary. Jim McCormick, AgMarket.Net says the corn stocks were friendly under expectations at 1.76 billion bushels due to better feed demand and supporting corn. A close above $4.25 could open the market to more technical buying. Soybean stocks came in at 342 million bushels, close to estimates and the September WASDE. So, here Brazil weather is the key moving forward and will determine if November can get above the 100 day moving average. Wheat stocks in all positions was slightly above estimates at 1.99 billion bushels, while all wheat production came in at 1.97 billion bushels, slightly lower than August. McCormick says U.S. and global weather and production concerns will now take center stage.
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Grain and livestock markets are mixed this morning with positioning end of month and quarter and ahead of the USDA reports. Joe Kooima, Kooima Kooima Varilek, says cattle futures are overbought and due for a correction. Cash was higher last week but he thinks it will hold together again this week with tight numbers in the North and even with formula cattle available in the South. Hogs have traded two sided but did have a lower weekly close and cash is starting to weaken which may indicate the market is ready for a correction. Corn and soybeans started off lower with some rain chances in the 10 day forecast for Brazil and with some profit taking and positioning end of quarter and moving into the USDA report. He says the big question is will the funds keep covering short positions in the grains to start a new quarter if the report is not hugely bearish.
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Grains and livestock are mixed early. Vince Boddicker with Farmers Trading Company says after hedge pressure Thursday, soybeans see technical buying resume. However, Nov stopped just short of the 100 day moving average and will need more bullish news to get through that level. Corn is stuck between higher beans and lower wheat markets but he says is rangebound. Wheat is setting back on slower exports and some hedge selling. Cattle make near for the move highs with higher cash yesterday. Hogs see intitial pressure on the Hogs and Pigs Report marketings but are trying to recover.
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A lower day in ag markets except for cattle. Scott Varilek, Kooima Kooima Varilek, says cattle futures started lower with the drop in boxed beef values yesterday. However, the market made new highs for the move again into the close pushed by higher cash trade. Southern live trade is at $184 to $185.50, but mostly $185, which is $2 higher than last week. Northern trade has been lighter, but some $187 in western Nebraska developing right after the close. The negative talk of lower slaughter this week is actually a function of the numbers not being there. Hogs saw some profit taking ahead of the Hogs and Pigs Report. Grains ended lower as the end of quarter short covering and profit taking by the funds that produced this rally was overcome by an increase in farmer selling.
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Grains end higher in impressive fashion and after a mostly lower start. Matt Bennett, AgMarket.Net, says the market has been resilient as the funds are exiting shorts and taking profits end of quarter. How long will they continue to buy after that? China demand news and Brazil weather concerns have also contributed to the rally but he says it may be hard to sustain during harvest. If the market does stay strong there may be some other underlying bullish factor that hasn't played out yet. Cattle continue to look technically strong and have gotten a push from the stock market but Bennett says he is not sure if the funds will be willing to push the long side much farther.
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Grains are mostly lower except a few wheat contract early Wednesday after hitting chart resistance and seeing a pick up in farmer selling trim gains. Darin Newsom, Senior Market Analyst for Barchart, says the grains continue to be resiliant as funds are exiting shorts and taking their profits to other markets including the stock market and the softs. There has been some buying as well tied to China's economic stimulus move. However, he doesn't think investment money has a reason to be long the grain markets yet. That may change as the futures add some weather premium tied to Brazil's drought and possible harvest delays and damage to U.S. crops from Hurricane Helene. Cattle and hogs are seeing two-sided trade but are well supported and moving with the stock market and possible meat demand.
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Grains end mixed and give up most of Tuesday's early rally. What happened? Kevin Duling, KD Investors, says the market ran up into some chart resistance and is starting to look a little tired. However, he says there was likely some hedge pressure and farmer selling on the rally. He doesn't think the markets will set back much before resuming the strength due to strong demand, disappointing yields and U.S. and global weather concerns. Plus, he says the funds are looking for a home for their money and grains are undervalued. Cattle end mostly higher making more new highs for the move and while the market looks good technically and has been pushed by higher cash, Duling is a bit cautious due to the seasonal increase in supplies.
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Grains continue to rally Tuesday on fund and technical buying and Randy Martinson, Martinson Ag, says the markets have cleared some key chart resistance also triggering short covering. He thinks China's economic stimulus, South America weather concerns and disappointing yields are supporting the buying as well. Cattle futures trade two-sided and are due for a correction but have been resiliant with better cash.
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Grains were higher on Monday with fund and technical buying but led by the soaring soybean market. Allison Thompson with The Money Farm, says the combination of China lowering interest rates, dry South American weather and an additional 6.1 million bushels of soybean export business supported soybeans. However, November beans could not take out the August high, which the market needs to close above to keep the rally going. Corn and wheat followed soybeans but were also putting in some weather premium and reacted to strong export inspections. Cattle futures made new highs for the move with cash up $2-$3 last week and a neutral Cattle on Feed Report. However, she says the market is running into the next area of chart resistance.
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Cattle futures make new highs for the move early, pushed by higher cash trade says Brad Kooima of Kooima Kooima Varilek. The Cattle of Feed report was largely neutral and so the key will be if the funds want to keep buying on the strong technical signals. Hog futures are also making near term highs with fund buying and China economic news. Grains are seeing strong gains led by soybeans as China lowers interest rates, exporters report a 6 million bushel sale of soybeans and weather concerns in Brazil. Soybeans are seeing a chart breakout but can they keep going as harvest pressure picks up?
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Corn and soybeans end lower Friday seeing harvest and hedge pressure due to option expiration. Jim McCormick with AgMarket.Net, says the row crops are also watching Brazil weather forecasts which have turned a little wetter to start October. Wheat ended mixed but was lower for the week removing war and weather premium. Cattle futures rallied back to close mostly higher making new highs for the move on the heels of some higher cash. The stock market saw some consolidation but McCormick explains where it goes from here could impact ag markets.
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Cattle futures start lower Friday morning after new highs for the move Thursday. Scott Varilek, Kooima Kooima Varilek, says that market is overbought and into chart resistance and so traders are taking some profits ahead of the Cattle on Feed Report. Cash cattle trade has been quiet but the signal of a bottom has brought buyers into the futures as well as lower interest rates and the strong stock market. Hog futures also making new highs for the move Friday morning pushed by speculative or technical buying but it may also be better than expected demand. Corn and soybeans are setting back on harvest pressure and some forecasted rains for Brazil, despite higher wheat and 4.4 million bushels of soybean export business to China.
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Grains end lower Thursday with livestock to the plus side. Mike Minor, Professional Ag Marketing, says corn and soybean markets saw some early harvest pressure plus some rain chances in Brazil in early October also played a role. Wheat fell with better rain chances in the Central and Southern Plains. However, all the grain markets have technically run into chart resistance. Cattle and hogs and the stock market all rallied together in a delayed reaction to the Fed cutting interest rates for the first time in four years. Minor says that is positive for demand for meat and all commodities. He says the change in monetary policy may also bring some managed money back into the grains.
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Grains are mixed early with livestock mostly higher. Soybeans are holding slight gains on strong weekly exports but DuWayne Bosse, Bolt Marketing, says they may struggle to stay above the 50 day moving average with harvest progressing. Corn is being pulled down by wheat and looking for more yield data, while wheat is seeing continued profit taking with a higher dollar, slower exports and rains in the SW Plains. Cattle futures are strong with the rally in the stock market, lower interest rates and a bottom in the cash market, with December live cattle getting above $180. Hogs see continued technical buying.
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Grain and livestock futures end mixed on Wednesday as markets were awaiting the FOMC decision. Darren Frye, Water Street Advisory, says the 50 basis point interest rate cut by the Fed was largely anticipated but the market is expecting additional easing by year end and this will be friendly for the ag sector especially as it weakens the dollar. Soybeans rallied on both supply and demand factors but could not close above key resistance but Frye thinks the market will continue to move higher. Corn was flat caught between higher soybeans and lower wheat. Wheat continues to see profit taking with better rain chances in the Southern Plains. Cattle were choppy and two-sided awaiting the Fed announcement but also looking for cash direction after a low was forged last week. Hogs saw additional chart based buying.
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Grains higher led by soybeans. Kent Beadle, Paradigm Futures, says China soybean prices spiked higher with rumors of them buying U.S. beans. Plus, early yield reports on soybeans have been disappointing. However, November finally got above the 50 day moving average. Corn and wheat are extending slight gains from Tuesday with soybeans and stronger demand. Live cattle had a strong technical close yesterday but are in a holding pattern awaiting the FOMC decision and hogs are chopping as well.
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Cattle futures close strong Tuesday and the cash market has finally bottomed. Brad Kooima, Kooima Kooima Varilek, discusses whether or not the market can build on it and what's ahead for 4th quarter.
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Grains ended lower on Monday with livestock mixed. Mark Schultz, Northstar Commodity, says wheat led the losses taking out weather premium and that weighed on corn. Soybeans tried to rally on export business but ran into chart resistance and early harvest pressure. Live cattle set back despite higher cash last week and higher boxed beef values at noon again seeing a technical setback in the December. Hogs managed to bounce with cutouts and despite lower cash.
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Cattle futures opened higher and feeders are holding gains with lower but live cattle see some profit taking despite better cash news. Brad Kooima, KKV, says the cash market has bottomed and he expects higher trade this week and he thinks cattle futures can technically build on last week's higher weekly closes. He is watching $179.50 resistance in December live cattle for confirmation. Hogs started mixed with the front months gaining on the deferreds with some forward spreading but Kooima says the market may continue to struggle to hold gains with rising seasonal numbers. Soybeans open higher with more export business but continue to fight to get above the 50 day moving average, while corn is down with wheat Kooima thinks the lows are in. He cautions though that both corn and soybeans may struggle to rally further with harvest pressure and farmer selling picking up.
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Grains end mixed Friday with livestock lower. Alan Brugler, A & N Economics, says wheat led gains with a lower dollar as that market is seasonally trying to bottom. Wheat pulled up corn but the market was still working in the lower ending stocks numbers from the Thursday WASDE. Soybeans failed to extend Thursday's gains running into chart resistance again. However, all the grains ended with higher weekly closes, so are the lows in? Cattle set back Friday despite steady cash but put for the week were up sharply. Brugler discusses if the market can build on that. And what's going on with the volatility in the stock market and what happens with the dollar and the Fed meeting next week?
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Cattle continue higher pushed by better cash news. Scott Varilek with Kooima Kooima Varilek says early cash has been steady in the South at $181 which would at least stop the bottoming process. The turn back higher in the stock market has helped ease the nervous selling by fund traders as well. Hogs seem to be following but he doesn't think the recent highs will be retested due to rising numbers and tightening shackle space. Grains are all higher with corn and soybeans extended Thursday's rally with the market breathing a sigh of relief soybean yield wasn't raised and even though corn was the ending stocks number was still lower. Varilek says a lower dollar and higher wheat is also helping the row crops with that market putting in some weather premium.
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Grain and livestock end mixed Tuesday. Soybeans saw double digit losses and November fell below $10 on profit taking and better than expected crop ratings driving yield ideas headed into the WASDE. Dave Chatterton, Strategic Farm Marketing, says the lack of China export business was also negative. Corn was caught between the lower soybeans and higher wheat market which saw short covering. Crude oil collapsed again and that macro market also cast demand fears on the ag futures. Live cattle saw a lack of follow through buying, with hogs mixed.
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Soybeans and corn set back early on profit taking and report positioning. Shawn Hackett, Hackett Financial Advisors discusses what yield and ending stocks numbers are already dialed into prices and what the market will trade after the report. Wheat consolidates has been seeing better demand and dry weather in the U.S. and Black Sea is being watched. Cotton is up Tuesday but has been disappointing as its been more tied to economic concerns than lower production. Hackett also discusses what's ahead for outside markets with the Fed decision next week, the election and the volatility in the stock market.
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Arlan Suderman with StoneX discusses whether or not the harvest lows are in on corn and soybeans, the recent Chinese soybean purchases and what he expects from the WASDE on Thursday. Plus, is wheat getting uncompetitive after the recent rally? Cattle see a big recovery with the stock market higher and expectations for better cash trade.
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Grain and livestock futures all end in the red on Friday with risk off selling. Garrett Toay, AgTraderTalk, says it was tied to bearish outside markets and a selloff in the stock market and crude oil. Grains also saw profit taking after a decent rally off the lows and after hitting chart resistance. He thinks grains may trade sideways now until the USDA Report provides direction on yield and with harvest about to ramp up. Cattle futures had a tough day and a down week following lower cash and cutouts and he thinks a bigger correction is in store. Hog futures saw risk off technical selling as well and a push from lower cutouts, but he doesn't think that market is done going up yet.
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Grains see early strength with strong new crop corn and soybean exports but then turn mixed. Darin Newsom, with Barchart says, the markets have run into chart resistance and may be getting tired. Plus, there may be some harvest pressure heading into the weekend. He says the recent rally in the grains follows the seasonal patterns and while demand news and weather have been helpful, most of the push has been fund short covering. Crude oil tries to recover after one of the worst week's in a year, but what does that mean for the ag sector? And payroll data was lower than expected and Newsom says he expects a rate cut in the September meeting, the question will be how much.
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Mike Zuzulo, Global Commodity Analytics, says corn and wheat set back on profit taking. Soybeans start lower but rebound with export business to China and unknown destinations and some concerns about dryness in Brazil impacting planting. Cattle futures have a tough technical day taking out key support but lower cash at $181 in the South also hit futures. He says lean hogs followed cattle but also saw some profit taking with China economic concerns weighing on the market.
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Scott Varilek, Kooima Kooima Varilek, says cattle see more pressure with some early cash trade at lower money after hopes for steady, plus higher weights. October live cattle need to hold the uptrend line technically as he says that contract is setting right on that critical point. Hog futures are down for a second day seeing profit taking and lower cutouts weigh on futures, so he thinks the rally is over. Grains are taking a breather Thursday after a nice rally but he doesn't think its over as demand and soybean export business to China is coming to the market and there are growing concerns about the dryness in Brazil.
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Rich Nelson with Allendale, Inc. says grains continued to rally on Wednesday with livestock leaning lower. Funds continue to cover short positions in the grain markets but there is also a fundamental push coming from moderating yield expectations in South America and in the U.S. The U.S. sentiment was reflected in their national annual yield survey. That combined with a pick up in demand could keep the rally going for awhile. Cattle futures consolidate with some early lower cash at $180 in Kansas and despite strong beef values post-Labor Day. Hog futures also set back after a strong chart breakout and push from stronger demand. So is the rally over?
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Grains try to build on yesterday's higher closes, while livestock are mixed. Dave Chatterton, Strategic Farm Marketing, says the funds have been covering their short position with strong technical signals, talk of lower yield and better demand. However, he's not sure how much farther grains can rally ahead of the WASDE and with a pick up in farmer selling. Cattle are consolidating after a higher day yesterday and despite strong boxed beef values. Lean hog futures continue to see managed money buying with some help from stronger cash and cutouts but he thinks the rally may be about to run out.
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Grain and livestock futures all close higher on Tuesday. Randy Martinson, Martinson Ag, says grains were able to technically build on higher weekly closes and with the outside market bearishness it looked like some money flowed into the ag sector or funds took some profits on their short positions. However, yield and crop conditions may be declining with the hot dry weather and the dryness persists in the extended forecast. Demand has also been picking up with 4.85 million bushels of flash soybean sales to China and strong export inspections for all of the grains. Cattle extended gains after a higher week last week and strong midday boxed beef prices. Hogs continued to see fund buying with higher cutouts.
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Grains all close higher Friday and post higher weekly closes. Was it all fund short covering end of month or are the grain marktes changing trend? Bryan Doherty, Total Farm Marketing, dicusses what he's watching for confirmation the markets have bottomed. Cattle finish higher for the week, despite steady to lower cash. So can the market build on that? Hogs also extend gains Friday and for the week on fund buying but what are the fundamentals supporting the market?
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Grain and livestock futures are mostly higher early Friday. Scott Varilek, Kooima Kooima Varilek, says the cattle charts still look good if August live cattle can expire above $178 that will be very positive for the long term continuation charts. Cash trade this week has been steady in the South at mostly $183 with some steady live sales in the North, but dressed business at $292 is $2 lower. He is also concerned about weights running 24 pounds over a year ago with high priced feeders and four year lows in corn. Lean hogs have had a chart breakout but can the market keep going? Soybeans have broke above the downtrend line and corn is above its 20 day moving average. Is this just fund short covering end of month or a real trend change?
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Jeff Hoogendoorn with Professional Ag Marketing says grains end to the plus side with corn and soybeans adding some weather premium on hot dry forecasts and ideas of declining yield. However, new crop exports for corn and beans were also supportive. Wheat followed the row crops but also saw some fund short covering and he says this may be evidence the managed money want to buy in the ag sector. Cattle set back on fund liquidation and lower cash and cutouts. Hogs continue to shine with technical buying and strong exports but Hoogendoorn warns that market is oversold.
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Corn and soybeans push higher on hot dry extended weather forecasts and strong new crop exports says Kent Beadle, Paradigm Futures. Wheat is mixed on spread trade and trying to short out quality issues with the Hard Red Spring wheat crop. Cattle set back with lower cutouts and lower cash trade, even though it is light in nature. Hogs continue higher with the push of strong exports and the futures discount to the index, plus hog cattle spreads.
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Grain and livestock futures end mixed Wednesday. Tommy Grisafi, Advance Trading, says soybeans give back some gains after three higher days on rains that fell in the Corn Belt adding to the record yield and with First Notice Day coming up. Corn could not build on Tuesday's key reversal and was drug down by beans. While wheat extended gains on short covering and Grisafi says U.S. wheat has gotten too cheap, plus there are quality issues in the Hard Red Spring wheat in North Dakota that may make high protein wheat supplies tight. Live cattle consolidated as well after a couple of days with strong chart action.
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Grains are mixed early Wednesday and so are livestock. Craig Turner with StoneX says soybeans are setting back on First Notice Day selling and rains in the Corn Belt overnight, despite export biz. Corn is seeing some support from higher wheat and export sales. Wheat extends gains after key reversals yesterday and end of quarter short covering in what could also be bottoming action. Turner thinks corn, soybeans and wheat are at value levels and below the cost of production, so they may be forging low term lows. That may also mean livestock producers should line up feed needs.
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Grain and livestock futures end mostly higher on Tuesday. Don Roose, U.S. Commodities, says corn and wheat scored key reversals as the market may have dialed in the most bearish news but its also end of month and quarter which prompted some short covering by the funds. But is it possible corn and wheat are trying to bottom? Soybeans were higher for a third day adding weather premium so how high can prices go? Cattle extended gains after the outside day higher Monday on technical buying but tight supplies and the futures discount are also fundamentally supportive, but Roose says demand and boxed beef prices have also been strong. Lean hogs made 2 1/2 month highs on continued fund buying on seasonals, the futures discount to cash and following global pork prices, including China.
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Mostly higher grain and livestock futures on Tuesday. DuWayne Bosse, Bolt Marketing, says soybeans have been up for three days putting in weather premium but are running into chart resistance. Corn made new contract lows overnight but is slightly higher following wheat, which is seeing some short covering on lower crop ratings and Mexico buying 5 mb of corn. Live and feeder cattle futures scored an outside day higher Monday despite a slightly bearish COF report and are seeing follow through buying today.
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Soybeans ended higher putting weather premium, but John Payne, Advance Trading, says corn and wheat futures saw liquidation ahead of first notice day on Friday both complexes scoring new contract lows in the process. Live and feeder cattle futures had a higher day which was a surprise with the bearish placements in the Cattle on Feed Report. So, is that market starting to bottom. Hogs consolidate after a chart breakout but Payne says the market should be well supported with the futures discount to cash and following a higher Chinese pork market.
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Cattle are the only market higher early Monday, which is a little surprising with the bearish placements number in the Cattle on Feed report. Brad Kooima, Kooima Kooima Varilek, breaks down the report and thinks the cash may bottom this week as well. Hogs are consolidating, while grains are all lower and corn makes new contract lows with a lower but still record yield still projected by Pro Farmer.
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Brian Grete, editor of Pro Farmer, provides their national corn and soybean yield and production estimates following the tour. What do these numbers mean for ending stocks and prices moving forward for both crops? And is it possible the most bearish ideas are already priced into the market?
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Darin Newsom with Barchart looks at if corn and soybeans could put in an early harvest low with record yields projected?
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Kent Beadle, Paradigm Futures, talks about the best hedging strategies for cattle and hog producers, especially with cheaper feed prices.
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Soybean prices are at 3 1/2 to 4 year lows with a projected record crop on the way. Chip Nellinger, Blue Reef Agri-Marketing, shares marketing advice in this low price environment for both old and new crop.
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Old and new crop corn are close to contract lows with a record corn crop on the way. Tomm Pfitzenmaier, Summit Commodity Brokerage, discusses his marketing advice for farmers in this low price environment.
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Corn and soybeans make more contract lows with fund selling. Chip Nellinger, Blue Reef Agri-Marketing, says it was triggered by beneficial rains the last few days in the Corn Belt, anticipation Pro Farmer will confirm big yields in the Crop Tour and farmer selling of old crop bushels. Wheat divorced itself from row crops on short covering but can it bottom without a pick up in demand? Cattle saw more fund long liquidation with lower cash trade and hogs followed.
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Grains all lower Friday morning. Kent Beadle with Paradigm Futures says row crops are working in rains over the last 72 hours in the Corn Belt, anticipation of big yields in the Pro Farmer Crop Tour and increased farmer selling of old crop corn which has pushed September into contract lows. Wheat has followed corn and soybeans. Cattle are under pressure on fund long liquidation, despite several strong fundamentals including lower corn prices and higher boxed beef values. Hogs are following cattle lower, despite strong cash and cutouts.
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USDA provided some surprises for the wheat market in Monday's WASDE with a drop in production, acreage and ending stocks. Randy Martinson, Martinson Ag, says the biggest changes came in Hard Red Spring Wheat production with a drop in production of 34 million bushels after most expected an increase and acreage was also lowered by 555,000 acres. So what does this mean for price moving forward, especially with lackluster demand?
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Another lower day in most of the grain markets with new lows in soybeans. Tomm Pfitzenmaier, Summit Commodity Brokerage, says soybeans suffered from report hangover, strong crop rating and ideal August weather and that all weighed on the corn market as well and negated the key reversal. Plus, he says corn saw farmer selling after the higher close Monday. Wheat was mostly lower even with a softer dollar as demand is still slow. Cattle bounced but can the market build on it? He says it might just be another selling opportunity for the funds. Hogs continue in a downtrend with lower cash.
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Grains are all lower with soybeans making new lows on USDA report hangover. Randy Martinson, with Martinson Ag, says soybeans are also seeing pressure from strong crop ratings and forecasted rain. That is spilling over and dragging down corn and wheat, despite flash export sales of both corn and soybeans this morning. Cattle trade 2-sided as every uptick in the market seems to create an opportunity for funds to liquidate and he says the futures may test the December lows.
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Soybeans make new lows after a bearish punch from the WASDE trying to digest not only record yield but a 560 million bushel ending stocks figure. Ted Seifried, Zaner Ag Hedge, says prices may have to go lower as a result. The corn balance sheet ended slightly friendly with record yield but lower ending stocks by 25 million bushels and scored a bullish key reversal. Seifried is cautious the market can build on it though. Wheat ended mixed with winter wheat futures lower despite USDA lowering production and ending stocks by about 28 million bushels, which is not a good sign. Cattle ended lower failing to extend Friday's recovery rally.
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Grains were mostly lower following the August WASDE but have since turned mixed. Brian Splitt, AgMarket.Net says soybeans are seeing double digit losses and may have more down side as they were the bearish report leader. USDA increased yield, production, harvested acres, plus ending stocks were up 125 million bushels. Corn yield was also raised to a record 183.1 bpa but was offset by 700,000 less harvested acres so production was up only 47 million bushels and with an increase in old crop and new crop usage endind stocks fell 24 million bushels. Wheat saw a higher yield but with 900,000 less harvest acres production fell 26 million bushels and ending stocks were down 28 million bushels. What does all this mean for price?
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New crop corn and soybeans continue to crack out new contract lows. Oliver Sloup, Blue Line Futures, says the markets are preparing for higher yields in the August WASDE and he discusses how much bearishness is priced in. However, he was disappointed better export new failed to support soybeans. Wheat looks like its trying to bottom he says perhaps pricing in global production concerns. Cattle stage a relief rally but can the market build on it? While Sloup says hogs are choppy and rangebound.
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Grains are mixed early with wheat seeing short covering follow the European market strength. Darin Newsom, with Barchart, says he's watching money flow in the grain markets and thinks the funds could start covering their short position if the stock market continues to show weakness. Despite higher wheat, corn is struggling under the weight of a big crop. Soybeans are mixed seeing bull spreading with export business finally accounced to China and unknown this morning. Cattle see a short covering pop but the key is whether or not it can hold into the close.
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The cattle markets end lower again on Thursday. Scott Varilek with Kooima Kooima Varilek says live and especially feeder cattle futures and have had a sizable correction from the recent highs. It's come in tandem with the pull back in the stock market and underlying recessionary fears which have caused fund long liquidation. If the stock market stabilizes how much of a recovery can we expect in the cattle market?
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Grain and livestock mostly lower on Wednesday, except live cattle. Matt Bennett, AgMarket.Net. says grains saw more fund selling with corn and soybeans weighed on by bigger yield ideas in the upcoming WASDE, favorable weather and the lack of China export business. Will USDA offset higher yield with lower acreage and if not is there more price pressure ahead? Live cattle saw a slight bounce but can the market stage a recovery until the stock market stabilizes and have feeder cattle done too much technical damage?
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Cattle are higher early continuing to recover with the stock market but how much can cattle recover after the technical damage done on the charts? Scott Varilek, Kooima Kooima Varilek, says demand is still holding together so it may be a function of the cash market. Hogs continue to chop and are lower today with lower cutouts. Corn and soybeans continue to see selling pressure with new lows in soybeans on higher yield expectations in the upcoming WASDE and no confirmation of China soybean business.
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Grain and livestock closed mixed Tuesday. Vince Boddicker, Farmers Trading Company, says corn and soybeans could not extend gains for a third day running into chart resistance and with strong crop rating and favorable weather. Wheat saw light short covering and a boost from higher Russian wheat prices. Live cattle ended mixed trying to consolidate with a stable stock market, but feeder cattle made new lows for the move again with more technical selling on ugly charts. Lean hogs saw a short covering bounce with help from higher cutouts at noon.
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Grain markets start off lower Tuesday but Kent Beadle of Paradigm Futures says corn has found some buying interest and short covering for a third day. Meanwhile soybeans are weighed on by strong crop ratings and the lack of China business, plus lower bean oil. Wheat futures are getting pressure from the higher dollar and spring wheat harvest. Cattle are trying to recover with the higher stock market and hogs are following.
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Livestock ended sharply lower as a risk off selloff in global equity markets spilled over to cause fund long liquidation. Chuck Shelby, Risk Management Commodities, says grains started off lower but with funds short in those markets they quickly covered shorts and unwound some of that position to offset their losses in the stock market. Shelby talks about what all this means longer term for the ag markets, especially if recession talk continues.
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The risk off selling in U.S. and global equity markets start the grain and livestock futures all lower. Brad Kooima of Kooima Kooima Varilek says the protein sector is down with ideas of slower demand. The cattle market selloff started late last week and currently the October live cattle are below the 100 day moving average. Cash was steady to $2 lower so what will the plunge in futures mean for cash cattle trade this week? Grains start lower with risk off selling but corn is trying to claw back and is above $4 on the December but can it hold?
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Grains end higher on Friday mostly due to short covering as the markets were oversold. DuWayne Bosse with Bolt Marketing says it will be tough to build on it starting a new week with growing yield ideas and lack of a serious weather threat. Soybeans did see 7.4 million bushels of new crop export business to China which was supportive and wheat got a boost from a sharply lower dollar. However, livestock futures set back with the collapse in the stock market and some long fund liquidation in the cattle. Feeders did chart damage, while October live cattle at least came back to close above the 100 day moving average.
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Grains see some end of week short covering but Tomm Pfitzenmaier of Summit Commodity Brokerage says the 7-day forecast also looks a little hotter and drier which is helping out. China bought another 7.4 million bushels of new crop soybeans Friday which is supportive. Plus, he thinks the melt down in the stock market may be bringing some money into the grains but is it enough to get the funds to blow out of their short positions? Not likely he says and Friday's bounce in the grains may not be sustainable. Cattle are lower with lower cash and cutouts and the lower stock markets and hogs are following.
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John Heinberg, Total Farm Marketing, says corn and soybeans make new lows and hit prices not seen for four years on both supply and demand problems. Plus fund and farmer selling is pressuring the market. So how ugly could it get? Wheat sees a short covering bounce. Cattle set back with lower cash and cutouts and August option expiration. Hog futures extend gains with higher cutouts.
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Scott Varilek of Kooima Kooima Varilek says cattle are seeing more pressure early Thursday with the futures looking tired and toppy. He says there's been a lack of cash trade this week which has fueled talk of weaker cash but he's expecting steady trade. Hogs are higher supported by stronger cash and a 13th day of the Lean Hog Index rising, plus decent weekly exports at 31,500 metric tons. Corn and soybeans continue to grind out new lows with rains this week in key areas of the Corn Belt and more in the forecast promoting ideas of record yields.
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Grains end mixed. Mark Schultz, Northstar Commodity, says corn had a poor technical close makeing new lows and with December closing below $4 for the first time since December 2020. Soybeans make new lows as well before closing slightly higher on end of month profit taking but he says $10 is vulnerable on November with August weather favorable. Wheat traded 2-sided and mixed but may be trying to forge a low as it has dropped to levels that make it globally competitive. Live cattle were back lower awaiting cash trade, while hogs were up with a persistently stronger cash market.
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Grains started mixed Wednesday but quickly see weakness creep in. Kevin Duling, KD Investors, says the funds have been relentless sellers and continue to push grains into new lows with the idea of higher production. However, he thinks the grain markets are close to forming lows at least technically and funds may reverse course if the dollar can continue to weaken with interest rates cuts starting from the Fed. Cattle continue to chop looking for direction from cash and carving out a trading range.
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Grains end lower again on Tuesday seeing more fund selling pressure on the lack of news and the lack of a weather threat. Allison Thompson with The Money Farm says it could get uglier if November soybeans take out $10 and December corn $4 but she doesn't think that will happen until after the WASDE. Soft and Hard Red Winter wheats made contract lows and Minneapolis came within a cent but Thompson expects more pressure in wheat as spring wheat harvest is starting to roll and until the U.S. gets competitive enough to spur export demand. Meanwhile cattle rebound but she says that market is carving out a trading range.
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Cattle futures recover after a day of technical selling on Monday. Brad Kooima of Kooima Kooima Varilek says last week's higher cash trade and higher boxed beef values continue to be supportive as well as the futures discount. However, to keep going October live cattle need to take out resistance at $189. Lean hog futures trade 2-sided early trying to hold support after a wicked technical reversal last week and with help from higher cutouts and the higher lean hog index. Grains are lower with new lows in soybeans on rains that fell in the Corn Belt and a more favorable extended forecast and that is weighing on corn.
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Naomi Blohm with Total Farm Marketing says soybeans see another down day with rains that fell in Iowa and a more favorable extended weather forecast bringing selling pressure in so can $10 hold on November beans? And while corn saw a little uptick with wheat Monday she says December corn is likely to take out $4. Meanwhile, wheat saw some light short covering and ideas U.S. wheat prices are becoming more competitive. Cattle set back with some technical telling after hitting chart resistance.
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A risk off start Monday in the ag markets with just about everything lower except a few wheat contracts. Randy Martinson, Martinson Ag, says a change in the extended weather to cooler and wet pushed the soybeans into new contract lows and bean oil is still digesting Friday's biofuels court ruling. Corn is hold up a little better with near term weather for the Western Corn Belt still hot and dry. Wheat is trying to recover from Friday's contract lows. Cattle lower despite higher cash and cutouts last week as some hedge pressure has set in.
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Darren Frye, Water Street Solutions, says grains sell off on Friday on profit taking heading into the weekend, a change in the weather and a bearish biofuels ruling. Corn and soybeans did technical damage on the daily charts, but if forecasted rains don't materialize could the markets shoot right back up Sunday night? Both classes of winter wheat make new contract lows under the pressure of ample supplies. Cotton also made news contract lows again. Meanwhile, live cattle new highs for the move on the heels of $2 higher cash and then ended mixed.
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Grains see end of week profit taking on some rain chances creeping into the extended forecast. Darin Newsom with Barchart says this is typical in a weather market but the recent rally has also been fund short covering. So he is watching the monthly closes as there is a positive change in trend for corn and soybeans if they close higher and that could bottom the market. He is also watching the reallocation of money in outside markets including the stock market and what that might mean for ag markets. Plus, the PCE was positive but does it give the Fed the ammunition they needs to lower rates?
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Jim McCormick with AgMarket.Net says corn and soybeans rally on weather and technical buying. Will the funds keep buying and covering their near to record short position to keep prices moving higher or will farmer selling cap a rally? Wheat falls with the bigger spring and winter wheat yields. Cattle work in higher cash and GDP, while hogs consolidate after hitting chart resistance.
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Livestock are mostly lower early Thursday except for nearby live cattle. Scott Varilek of Kooima Kooima Varilek says cash cattle trade has been steady so far in the South at $188 and the August futures are trying to converge so that has led to some bull spreading. Feeder cattle are under pressure with higher corn and a cooling cash index. Hogs are consolidating despite strong exports. The market has had a nice rally that was pushed by higher cash and cutouts so its taking a break. Row crops are higher on fund short covering and the addition of some weather premium, plus demand has started to pick up with a flash sale of nearly 10 mb of new crop soybeans.
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Corn and wheat end mostly higher, except spring wheat. Shawn Hackett, with Hackett Financial Advisors, says funds have been covering shorts on weather concerns but today markets ended off session highs on farmer selling. Spring wheat also corrected with the Wheat Quality Tour showing record yields on Day One. Soybeans end lower also seeing hedge pressure and profit taking with bearish financial markets and the inability of November soybeans to get above the 20 day Moving Average technically. Cattle end mixed to lower consolidating in the face of negative outside markets.
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Grains are mixed early Wednesday. Allison Thompson with The Money Farm says soybeans consolidate with farmer selling after a weather and releif rally. While corn and wheat are higher on short covering, the lower dollar and improved demand. Live cattle extend gains with the futures discount to cash.
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Corn and soybeans continue to add weather premium and funds are covering shorts. Alan Brugler, Brugler Marketing, discusses how much risk premium is warranted and how much of a rally row crops could see if funds covered their massive short position. Wheat consolidates with a stronger dollar and global competition. Cotton tanks again with improved crop conditions and slow demand. Cattle extend gains with cash holding together and the futures at a discount.
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Corn and soybeans are extending yesterday's gains on hotter, drier weather forecasts and concerns that will cut into crop ratings. However, Kent Beadle with Paradigm Futures, also thinks its tied to politics. Wheat sets back initially with a higher dollar but then recovers. While cattle are under pressure with higher corn and having priced in the bullish placements in the Cattle on Feed Report. Hogs are to the plus side pushed by a contraseasonal rally in cash and cutouts but Beadle expects it to be somewhat short lived as producers use it as a hedge opportunity.
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It has been rare lately, but grain and livestock futures all ended higher on Monday. Mike Zuzulo, Global Commodity Analytics, says grain markets were adding risk premium in on U.S. and global weather threats. Plus, the funds are near to record short and so they covered some of those positions. Cattle futures got a boost from the bullish placements number in the Cattle on Feed Report, which was down 7% but can the market build on it with seasonal demand weakening? Hogs also rallied with the rest of the complex but also followed the recovery in cutouts and the higher Lean Hog Index.
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Brad Kooima of Kooima Kooima Varilek says cattle are higher in reaction to the positive Cattle on Feed Report placement number, which came in below expectations. Cash trade this week will be the key to keeping the rally going but he says tight numbers and the lack of negotiated business last week should provide some leverage. Hogs are also up in a risk on day and with news of China lowering short and long term interest rates driving ideas of pork exports. Grains higher on the China news but also a hotter drier extended forecast and funds leaning near to record short.
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Grains end mixed Friday with corn and soybeans losing early gains and ending lower for the week. Garrett Toay, AgTraderTalk, says grains are getting low enough to stimulate demand but have an uphill fight with favorable weather and funds short. Cattle continue to consolidate ahead of the Cattle on Feed Report and steady to lower cash but at a discount to futures. Hogs were higher on continued corrective buying and higher cutouts but how Toay says a bigger recovery will be difficult.
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Live cattle are mixed trying to recover after a sell off Thursday. However, Scott Varilek of Kooima Kooima Varilek says cash has been steady so far in the South and futures are at a discount which is supportive. Hogs are bouncing with technical buying and higher cutouts. Grains are also seeing a technical bounce with some support in soybeans and meal on recent export business.
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John Payne, Advance Trading, discusses what's behind the eroding cotton market.
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Grains and livestock end higher except for wheat, seeing commodity wide buying as especially corn and soybeans were oversold and due for some corrective buying. Mike Minor, Professional Ag Marketing, says for at least the grains sustaining a rally may be difficult. Even though funds are near to record short in the grains farmers will likely sell on every rally with old crop inventory to move. Cattle were slightly higher but in a consolidation pattern, while hogs also saw technical buying but again may have trouble building on it.
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Grains try to recover after the collapse on Monday. John Payne, Advance Trading, says its difficult without a weather threat and with trend following funds continuing to press the market. Cattle try to recover but seasonals are softer and cash and cutouts are falling verses the big discount the futures have to cash. So what wins out? Hogs also trying to bounce but face headwinds.
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Grains have a tough day on continued fund selling and favorable weather. Soybeans and Chicago wheat made contract lows which pulled corn down in the process. Bryan Doherty, Total Farm Marketing, says funds have no reason to stop selling the markets and end users are buying hand to mouth. So is this like 2014 all over again? Meanwhile, live cattle continue to consolidate despite their large discount to cash.
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Cattle try to rebound after a lower week in the futures and cash. Brad Kooima of Kooima Kooima Varilek says the market saw seasonal pressure, but talk of a beef plant closure didn't help. What is the outlook for this week? Hogs also try to bounce off contract lows. Grains are lower and soybeans are making new lows with the funds selling on rains forecasted for the Eastern Corn Belt. How low will prices go?
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Grains ended mixed after the WASDE and USDA's bullish surprise on corn, bearish surprise on wheat. Arlan Suderman with StoneX has analysis. Cattle and hogs end mostly higher.
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Jim McCormick, AgMarket.Net says USDA provides a bullish surprise for the corn market, soybeans came in close to expectations but wheat production and ending stocks were bearish.
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Cattle open lower and then try to recover in a week that has seen a correction with plant closure concerns, lower boxed beef values and softer cash, at least in the South. Scott Varilek, Kooima Kooima Varilek, doesn't anticipate a huge correction in futures with the discount to cash and tight supplies. Lean hogs see a short covering bounce as they are oversold. Grains are lower in anticipation of a bearish WASDE, but he says much of it is already priced in after this week's selloff.
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Grain and livestock futures finally close higher but is it just a technical bounce after grains hit 3 1/2 year lows? Dave Chatterton, Strategic Farm Marketing, says in the grains it was also positioning ahead of USDA's data dump but without a weather threat the market may have more downside potential. The cattle market popped after a three lower closes but he says it may be difficult to retrace any more with cash and boxed beef moving lower. Hogs recovered with short covering off contract lows.
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Ag markets are trading risk on this morning with the lower dollar. Grain futures are finally see a short covering bounce as they are oversold and heading into the USDA Report. Randy Martinson, Martinson Ag, says the funds have hammered the grains the last few days but have finally bounced off key chart support. Livestock are also higher on corrective buying.
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Grain and livestock futures ended mostly lower again on Wednesday, with the exception of old crop corn. Tommy Grisafi, Advance Trading, says so far the funds have been relentless sellers in the grains with the lack of a weather threat and ahead of the WASDE. But he says farmers are also pitching in the towel and selling old crop inventory as well. Are these three year lows in corn and soybean prices justified and what could get the funds to change trend? Plus, cattle are confirming a top and lean hogs hit new contract lows.
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Grain and livestock futures are mostly lower again Wednesday. Darin Newsom with Barchart says funds continue to sell grains on the lack of threatening weather and as rains that have fallen over dry areas of the Eastern Corn Belt. Wheat continues to see harvest and hedge pressure with bigger yields. The lack of new demand is also a problem for the grains he says. Cattle are lower for the third day and look like they may have topped along with boxed beef.
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Soybeans make new lows for the move with rains in the Eastern Corn Belt, while Rich Nelson of Allendale says corn and wheat try to bounce on corrective buying. The cattle market fails for a third day as boxed beef rolls over and hogs fall with cattle.
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Corn and wheat see a short covering bounce after the bloodbath Monday. Kent Beadle with Paradigm Futures says soybeans are mixed with the forward spreads working, and indication of upfront demand. Meanwhile November makes new lows and three year lows at that. Weather has been bearish as well as report expectations and funds have been selling pushing record short in the corn market. After some hedge pressure on Monday cattle are recovering with record cash. Lean hogs continue to see bull spreading which may also be some underlying demand.
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A risk off day and broad based selling in grain and livestock futures to start the week. Brian Grete, Pro Farmer Editor, says grains saw technical selling with favorable rains and chances for more in the Eastern Corn Belt. Plus, traders are gearing up for USDA reports as higher quarterly stocks and corn acreage are reconciled on the balance sheets. Cattle futures failed as well despite record high cash trade and lower corn. Lean hog futures are struggling to find a bottom with softer cash.
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Cattle are mixed to higher after some record cash trade in the North again hitting $200 says Brad Kooima of Kooima Kooima Varilek. He says its just a matter of time before the futures retest the record highs. Hogs are slightly higher still trying to bottom. Grains are under pressure on profit taking after higher weekly closes, rains forecasted for the Eastern Corn Belt and report positioning.
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Soybeans higher on a third day of short covering and following the strength in soybean oil. Vince Boddicker, Farmers Trading Company, says corn is lower following wheat and with favorable weather, while wheat continues to struggle to put in a low. Cattle futures rally despite a lack of cash trade, hogs see more bull spreading.
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Corn and soybeans end slightly higher on short covering, but Tomm Pfitzenmaier with Summit Commodity Brokerage, says rallies will be hard to come by in those markets with funds short and no real reason to change trend. Wheat back lower consolidating after an up day Monday but seeing harvest pressure start to ease. Cattle rebound in the face of record cash but futures don't make new highs. Hogs saw bull spreading and while a bottom may be in he says the market may move sideways for a while.
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Corn and soybeans seeing a short covering bounce but Allison Thompson with the Money Farm is not sure this is bottoming action yet. Wheat fails to see follow through after the rally Monday but she is more confident tht market is trying to put a low in. Cattle futures rebound on the heels of record cash trade.
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Corn ends fractionally lower after hitting three year lows so has the market absorbed all the bearish news? Ted Seifried with Zaner Ag Hedge says September corn held Friday's low so he thinks the market can find a bottom. Soybeans were higher on corrective buying with help from bean oil and the forward spreads indicate some underlying demand. Wheat sees short covering with harvest pressure easing. Cattle see profit taking but Seifried isn't calling a top there yet.
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Scott Kooima of Kooima Kooima Varilek says cattle futures are setting back on disappointing cash in the South, profit taking and talk of packer issues due to flooding. Hogs see bull spreading despite big up front supplies. Corn and soybeans are mostly lower, hitting 3 year lows, still digesting the USDA reports and seeing favorable weather.
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Grains close lower after bearish USDA Reports, especially the 1.4 million acre increase in corn area. Chip Nellinger, Blue Reef Agri-Marketing, has analysis and price action. Cattle lower on profit taking end of quarter and with cash only steady to $1 higher, while hogs saw short covering.
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Grains are mixed positioning ahead of the USDA reports. Hogs fall back despite what Joe Kooima of Kooima Kooima Varilek calls a neutral Hogs and Pigs Report compared to expectations. However, he says the market has continue to sell off with lackluster cutouts and bigger than expected supplies and weights. Cattle trade into more near term highs with only light cash trade and few bids in the South indicating higher prices again this week.
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Corn and soybeans make more new lows for the move on continued fund selling, weather and report positioning. DuWayne Bosse, Bolt Marketing, says the trade is leaning to bearish heading into the reports and a surprise could lead to a nice short covering rally. Wheat was up 12 to 18 cents on short covering as the market is oversold. While cattle were mostly lower on profit taking end of month and end of quarter.
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Grains end mixed to lower after trying to recover early in the session. Kevin Duling, KD Investors, says the market is oversold but funds continue to sell leaning bearish on weather and heading into the USDA reports. If grains can forge lows after the reports how much recovery could we expect? Cattle make new highs for the move pushed by record cash and futures could take out the all time highs.
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Grains are mixed trying to bounce after making new lows for the move on Tuesday and being super oversold. Kent Beadle, Paradigm Futures, says funds have been selling trading weather with the rains in the ECB trumping the flooding in the Northwest, plus there is positioning end of month, before first notice day and heading into reports. Cattle make new highs for the move anticipating higher cash, while hogs see short covering after new contract lows on Tuesday.
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Grains see another bloodbath on Tuesday with massive fund selling and new lows for the move scored across the complex. Don Roose of U.S. Commodities, says traders taking out weather premium and leaning bearish heading into the acerage and quarterly stocks reports on Friday, plus delivery period. Live cattle mixed but June hit a new high for the move and well supported by record cash and strong demand. Hogs hit more new contract lows ahead of the Hogs and Pigs Report.
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Grains break to new lows and even some contract lows on fund selling. Randy Martinson, Martinson Ag, says the markets are disregarding lower crop ratings and flooding in the Northwestern Corn Belt and looking at a cool, wet forecast as beneficial. Markets are alo positioning ahead of end of month and USDA reports. Cattle are mostly higher with lower corn and record cash, hogs mixed trying to bounce off new contract lows.
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Grains end mixed with soybeans seeing corrective buying following soybean meal, while corn ends lower, wheat mixed. Shawn Hackett, Hackett Financial Advisors, says corn and beans took out March lows and are oversold and could see some short covering into the end of the quarter and before the USDA reports. Cattle futures see bull spreading with record cash verses bearish COF placements. Hogs again hit new contract lows following cash.
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Grains are mostly lower except meal and nearby soybeans. Scott Varilek, Kooima Kooima Varilek, says feeder cattle are higher with lower corn. Live cattle are mixed with deferred contracts lower trading the bearish COF Report, nearbys trade record cash. Hogs continue under pressure with soft cash and technical selling.
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Chuck Shelby, Risk Management Commodities, joins us on @AgDayTV to discuss how grain farmers can navigate the volatile weather markets this season.
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Milk futures had a nice run this spring from the April lows rallying nearly $5 and getting many contracts back about the $21 mark. However, the market has corrected off the highs. Bryan Doherty with Total Farm Marketing says a surge in cheese demand and prices helped to push milk futures this spring.
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Darin Nesom, Barchart, discusses what lower interest rates by the end of the year could mean for outside markets and the grain markets.
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Live cattle futures set back a second day after hitting new near term highs Monday and failing even though cash was at record levels. However, Brad Kooima of Kooima Kooima Varilek says it was just some routine profit taking. Feeders consolidated with higher corn. Hogs saw bear spreading with lower cash and cutouts weighing on nearby contracts. Row crops see a technical bounce with lower crop ratings.
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Bryan Doherty, Total Farm Marketing, says corn and soybeans try to bounce as they are technically oversold and with a 2% drop in crop ratings. Wheat struggles on better yields and the lower EU market. Cattle open higher then sell off despite their discount to the record cash from last week.
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Grain markets were a blood bath on Monday on fund selling and improved weather in the extended forecasts. Kent Beadle, Paradigm Futures, says technical damage was done in all the markets. Live cattle futures saw profit taking after near term highs and record cash last week. Lean hogs saw a nice technical bounce as Beadle thinks the market got too cheap and is trying to bottom.
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Chuck Shelby, Risk Management Commodities, says grains sell off going into the weekend on profit taking in row crops after hitting chart resistance, wheat continued to see harvest pressure making new lows for the move. Cattle futures made new near term highs pushed by record cash, while hogs saw a short covering bounce and he thinks a low is forming.
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Grains lower early on profit taking, harvest pressure in wheat and a higher dollar. Cattle futures follow higher cash. Darin Newsom, Barchart, also talks about inflation, interest rates and what this could mean for fund activity in commodities.
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Scott Varilek of Kooima Kooima Varilek discusses why live and feeder cattle futures can't make new highs, even with record cash trade.
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Grains end mixed after USDA kicked the can down the road in the June WASDE in nearly every category except global wheat. Oliver Sloup, Blue Line Futures, says now the markets will turn to the month end acreage and stocks reports, weather and the fund position. Cattle had a disappointing close with early strength following equities, while hogs bounced off contract lows.
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Grains mixed to lower after the WASDE with very few changes for corn and soybeans. Wheat did see slightly lower U.S. ending stocks and Russian, EU and Ukraine production dropped a total of 8 mmt. Jim McCormick, AgMarket.Net, says the focus today becomes the lower dollar, weather and the acreage report at the end of the month.
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Cattle start higher on Wednesday with help from strong cash and the rally in the stock market due tied to the CPI data says Scott Varilek, Kooima Kooima Varilek. However, its been a tug of war in the cattle on tight numbers and cash verses bird flu news. Hogs try to follow but continue to struggle with the sliding Lean Hog Index. Corn and soybeans rally with China soybean export biz and despite a sharply lower wheat market.
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Grains see a corrective day and WASDE report positioning with wheat sharply higher, corn and soybeans were lower. Matt Bennett, AgMarket.Net, says strong row crop ratings were also bearish. Cattle also saw profit taking after running into chart resistance and corrected ahead of the Fed announcement.
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Corn ends higher on extended weather concerns and strong export inspections, while soybeans got a push by the meal market. Randy Martinson, Martinson Ag, says it was impressive considering the collapse in wheat which was down the 9th day on harvest pressure, rains chances in Southern Russia and the higher dollar. Cattle had a nice rally anticipating strong cash, while hogs failed again as demand is lackluster.
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Cattle futures are sharply higher early Monday as Brad Kooima with Kooima Kooima Varilek says Northern cash trade topped at $193 live late Friday. Hogs start mixed and quickly fade on export concerns, while corn and beans try to bounce, despite the sharply lower wheat market.
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Grains were lower Friday on fund selling. Darren Frye, Water Street Solutions, says speculators look like they are re-establishing their short positions at least in the corn and soybean markets. Livestock were mixed to higher as cattle consolidated awaiting cash direction, the hogs bounced off new lows for the move but can they build on it?
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Grains back lower as wheat drags down corn and soybeans and funds are back in sell mode. Cattle are trying to bounce awaiting cash news while hogs are mostly lower again. Randy Martinson, Martinson Ag, has details.
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Corn and soybeans see double digit gains mainly on short covering says John Payne, Advance Trading, while wheat struggled. Cattle were hit by more bird flu news, hogs reversed off new lows.
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Cattle lower on more bird flu news but at least holding support. Scott Varilek, Kooima Kooima Varilek, says cash cattle news has been scarce so far. Hogs make more new lows for the move and are in danger of retesting contract lows. Grains see a short covering bounce after 7 down days in row crops, but corn exports were decent as well.
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Grain and livestock futures all end lower again Wednesday. Hogs make new lows for the move, pulling down cattle but it looks like funds are selling in livestock and back selling in grains. Jeff Hoogendoorn, Professional Ag Marketing, wraps up the day.
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Grains are drifting lower again this morning. Corn and soybeans saw some early short covering as they were oversold but are getting drug down by wheat. Wheat has seen profit taking and all of the grains have been down the last 5-6 days on renewed fund selling as the market seems to have worked any production concerns into the market. Live cattle see some short covering, with feeders lower as that market chops. Meanwhile, lean hogs make new lows for the move with stalled cash. Kent Beadle, Paradigm Futures, has more.
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Grain and livestock futures see red on Tuesday. Vince Boddicker, Farmers Trading Company, has details.
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Grains see some early pressure with planting still ahead of average and crop ratings for corn and wheat better than expected. Grains have seen a quick correction from recent highs. Jon Scheve with Superior Feed Ingredients says the markets are looking for direction from weather, the June WASDE and Acreage Reports to decide the next move. He has marketing advice on how farmers should prepare.
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Grains and cotton end lower to start a new month with risk off in outside markets, technical selling and removing weather premium. How much technical damage was done? Alan Brugler, Brugler Marketing, has the answer. Plus, live cattle see a short covering bounce off chart support.
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Cattle fall after a lower weekly close and softer cash trade, holding chart support. Hogs struggle on fund selling. Soybeans fall pulling down corn, while wheat rallies. Brad Kooima, Kooima Kooima Varilek, has more.
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Grain and cattle futures end mostly lower on Friday and were lower for the week. Is this topping action? Where do the markets go from here? Naomi Blohm, Total Farm Marketing, digs into the technicals, seasonals and other factors the markets will be watching starting a new month.
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Grains back higher after correcting the last three days and removing some weather premium. Is this recovery all technical and will it last? Darin Newsom, Sr. Market Analyst for Barchart, says wheat has the best chance of holding gains with concerns about drought still in 25% of HRW areas. Markets are also keeping an eye on geopolitical events. Cattle continue their slide for a third day.
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Cattle end lower for a second day with China delisting beef from the JBS plant in Greeley, CO due to traces of ractopomine, plus end of month profit taking. Cash has been light but a bit lower at $186 in the South, but some reports of $191 in the North. Scott Varilek, Kooima Kooima Varilek, says the futures discount to cash has been supportive. Hogs bounce on short covering as the market is over sold and spread unwinding with cattle. Grains end lower on technical selling and removing weather premium but is this topping action?
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Corn and wheat continue to consolidate on end of month profit taking, with risk off from a lower stock market and lack of a new weather story. Soybeans try to bounce with meal after holding chart support. Cattle are 2-sided trying to recover after a flash crash yesterday on new China was banning U.S. beef from a CO JBS plant due to ractopamine, but end of month profit taking. Hogs still searching for a low. Vince Boddicker, Farmers Trading Company, has details.
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Grain and livestock futures all end lower in a risk off day tied to the fast planting pace, another HPAI case in an Iowa poultry flock, plus its end of the month which may have resulted in some profit taking. However, is the grain market starting to put in a top? Cattle consolidate despite record cash while hogs make new lows for the move. Rich Nelson, Allendale, has more.
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Live cattle are mixed taking a breath and digesting last week's record cash, but with tight numbers its just a matter of time before futures make new highs according to Brad Kooima of Kooima Kooima Varilek. Feeders continue to make new highs for the move. Hogs try to bounce and correct their oversold status. Corn and soybeans struggle with planting progress and may continue to without a continued rally in wheat.
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Wheat ends making new high closes for the move on the back of lower Russian wheat estimates. But can wheat keep moving higher? Soybeans fall hitting chart resistance and with the lack of China export confirmation, plus higher acreage talk. Corn did not follow wheat, but instead soyebans. The funds look like they're pushing the short side of the market again, despite planting delays. Cattle make new highs for the move with higher cash, cutouts and a positive COF report, hogs make near term lows. DuWayne Bosse, Bolt Marketing, has more.
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Wheat makes new highs for the move following cuts to Russian and Black Sea production. However, Randy Martinson, Martinson Ag, says wheat is well off highs and corn and soybeans are lower after hitting resistance on the charts and seeing some farmer selling again.
Live and feeder cattle futures start higher as the Cattle on Feed Report was in line with expectations but still contained bullish numbers. However, live cattle have faded into negative territory running into chart resistance and seeing some end of month profit taking. Hogs make new lows for the move and take out another layer of chart support.
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Grains end higher to close out the week with pre-holiday trade and putting in some weather premium. Cattle traded mostly lower ahead of the Cattle on Feed Report despite some record cash in the North. Hogs made new lows for the move but is a bottom close? Garrett Toay, AgTraderTalk, has more.
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Cattle futures fade the record high cash trade with caution heading into the Cattle on Feed Report. Hogs still seeing fund selling pressure and searching for a low. Grains chop ahead of the holiday eyeing weather and technically into resistance areas that may limit a rally. Scott Varilek, Kooima Kooima Varilek, has details.
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Corn and wheat end higher still trading weather concerns in the U.S. and globally, but corn exports were also strong. Both markets are up challenging chart resistance. Soybeans set back on poor exports and the lack of confirmation on China export business, plus profit taking hit when July soybeans couldn't take out $12.50. Cattle set back after making new highs for the move and on the heels of higher cash with caution ahead of the Cattle on Feed Report. Allison Thompson, The Money Farm, has details.
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Grains all higher early and then markets turn mixed as some of the grain contracts hit chart resistance and see farmer selling. Weather concerns continue globally and in the U.S. continue to support the market as well as renewed talk of China soybean buying. But what are cash basis levels doing on grains and when should farmers sell? Nick Tsiolis, Farmers Keeper, shares insight.
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Soybeans and products higher on talk of China export sales and rising soybean prices in China and Brazil. Corn followed soybeans, while CH and KC wheat made new highs for the move and then saw some farmer selling hit. Cattle made new highs for the move with higher cash news and the futures discount, while hogs made new near term lows with fund selling and slower demand. Mark Schultz, Northstar Commodity, has details.
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Grains open higher with wheat making new highs for the move before farmer selling kicks in, while corn and soybeans are trying to hold gains on planting delays and talk of China old crop soybean business. Cattle make new highs for the move with early higher cash and cutouts, hogs make new lows for the move and take out key support. Kent Beadle, Paradigm Futures, has more.
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Grain and livestock markets close mixed. Wheat continued to rally with KC and CH closing above key resistance on technical buying and global crop concerns. Corn and soybeans could not follow and consolidated on planting progress. Cattle close above chart resistance working in higher cash and cutouts, hogs struggle technically. And what caused the limit down day in milk futures? John Heinberg, Total Farm Marketing, has analysis.
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Wheat continues to rally on global production concerns and fund buying, corn tries to follow but is held back by soybeans and planting progress. Soybeans and products are weak on corrective and farmer selling. Cattle higher with strong cash, the futures discount and weaker corn, while hogs are seeing pressure with lower cash and the futures premium. DuWayne Bosse, Bolt Marketing, has details.
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Grains resume their rally with wheat taking the leadership role on global production concerns, corn and soybeans followed. Live cattle end mixed take a breather after a strong week for cash and futures last week. Hogs continue to struggle with the futures premium and the drop in China exports. Mike Zuzulo, Global Commodity Analytics, has more.
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Cattle futures try to extend gains early pulled along by last week's strong cash and cutouts. Will cash be higher again this week and can cattle futures make new highs? Hogs try to bounce but the futures premium to cash caps rallies. Corn is following wheat and soybeans as grains put in some weather premium but can grains get above last week's chart resistance? Brad Kooima, Kooima Kooima Varilek, has insight.
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Corn and wheat end lower on technical selling plus better planting weather and a bigger Kansas wheat crop. Soybeans rally and see bull spreading with a push from higher soybean meal and especially bean oil on continued rumors of tariffs on Used Cooking Oil. Cattle rock to near term highs with sharply higher boxed beef and higher cash, while hogs see selling on the futures premium to the cash. Jim McCormick, AgMarket.Net, has details.
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Cattle futures make new highs for the move pushed by sharply higher boxed beef cutouts and higher cash in the North. Hogs fail with lower cutouts and the futures premium to the LHI. Scott Varilek, Kooima Kooima Varilek has details. Corn is being held back by wheat and needs to hold key support, with soybeans rallying with products.
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Grains end mostly lower except nearby soybeans and bean oil. Corn, beans and wheat took another run at resistance areas on the charts again and could break through. Is this a healthy correction as the market waits for more weather news or topping action? Mike Minor, Professional Ag Marketing, has insight, and talks about what's driving the rally in cattle and hogs.
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Grains back higher led by wheat on global crop concerns and lower Russian production but the markets can't get above chart resistance. Cattle higher following a surge in wholesale beef. Randy Martinson, Martinson Ag, has details.
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Grains fade early strength running into chart resistance and seeing some profit taking. Is this topping action or volatility in a weather market? And what do the funds need to continue buying? NOPA crush was disappointing and the Wheat Quaility Tour is seeing better yields than a year ago, which also sparked some selling. Cattle close mostly higher as the S&P makes new highs and boxed beef soars. Dave Chatterton, Strategic Farm Marketing, has analysis.
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Grains are back higher today on more fund short covering and strong seasonals but is the market really trading U.S. and global weather and production concerns especially in the case of wheat? Listen to the debate with Darin Newsom, Sr. Market Analyst for Barchart. The equity markets are higher with CPI coming in as expected at 3.4% and cattle are up as a result, but also working in sharply higher product values.
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Grains eased on profit taking, farmer selling, China tariffs and higher Brazil production estimates. Milk saw a reversal off of new contract highs, while cattle had a big up day closing nearby live cattle above 100 day moving averages with a surge in wholesale beef pushing the markets along with lower corn. Bryan Doherty, Total Farm Marketing, has analysis.
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Grains are seeing a little profit taking and pressure from the announcement of additional China tariffs, plus Conab raise corn and soybean production in Brazil. Cattle and hogs both bounce on short covering, higher product values. Kent Beadle, Paradigm Futures, has more.
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Grains end higher led by wheat with continued crop concerns and fund short covering. Live cattle lower despite the futures discount to cash, with feeders higher. Hogs continued to consolidate on the futures premium to the Lean Hog Index. Brian Grete, Pro Farmer, has details.
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Cattle are mostly higher early with steady to slightly higher cash last week and the futures discount and tight numbers supportive. That's according to Brad Kooima of Kooima Kooima Varilek. Hogs bounced after a lower week but cash is weakening and will cap the rallies. Grains start mixed and then quickly turn higher led by wheat with crop and weather concerns continuing to drive fund short covering? But funds have exited a big chunk of their short position in corn and soybeans so how much will that limit the upside?
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Grains end higher on Friday after the WASDE, but was the market trading the report or was it weather and fund short covering. Chip Nellinger, Blue Reef Agri-Marketing, has more plus talks cattle.
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Grains all higher after the WASDE, with a friendly report for corn, nuetral for wheat and bearish for soybeans. Matt Bennett, AgMarket.Net unpacks the numbers.
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Cattle futures try to rally early with some short covering but the market lacks confidence due to bird flu news. Yet Scott Varilek, Kooima Kooima Varilek, says cash trade news is still positive but light with $187 in the North and $186 on some in Kansas. Hogs try to bounce but continue to be held back by the futures premium to the LHI. Grains higher led by wheat but can gains hold into a potentially bearish WASDE?
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Tommy Grisafi, Advance Trading, discusses strategies for marketing during this volatile weather market.
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Tomm Pfitzenmaier, Summit Commodity Brokerage, says the early new crop estimates for the May WASDE are larger than last year which could be potentially bearish. However, these estimates are in line with the USDA Ag Outlook Forum which could produce a neutral reaction if the report comes close to those projections. The other key will be whether or not USDA reconciles the South American crop and brings it closer to Conab's estimates as there is currently a big discrepency.
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Grains ease Tuesday as the markets hit technical resistance on the charts and were due for a correction. Are the funds done covering shorts? Arlan Suderman with StoneX says they might be as weather concerns have been priced in. Plus the rally was met with farmer selling in the U.S. and South America. The market also took a pause ahead of a potentially bearish WASDE Report. Cattle recover with a void of new bird flu headlines and with strong cash and cutouts.
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Grain markets open lower but corn and soybeans are trying to bounce. Early pressure was due to farmer selling and funds may take a break after 3-4 days of buying which pushed prices into chart resistance. Wheat pressure coming from improved winter wheat conditions, fast spring wheat planting and weather. The markets are also preparing for the WASDE. Cattle and hogs rebound on short covering and softer grains. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
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Grains rally on weather and technical buying. Will funds keep covering their short positions now that most of the grains are above the 100 day moving averages and what kind of rally could that produce? Tommy Grisafi, Advance Trading, has answers plus how farmers can take advantage of the rally.
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Cattle set back despite higher cash news with Canada putting import restrictions on lactating cattle for H5N1. However, Brad Kooima, Kooima Kooima Varilek, says cash could be higher again this week and futures are at a discount which is supportive. Hogs set back with cattle and the futures premium to the cash index. Grains open mixed and quickly push higher on weather and fund short covering.
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Grains end higher Friday with chart breakouts leading to technical buying and fund short covering. The market is trading U.S. and South American weather and crop concerns, but the lower dollar helped. Can the rally be sustained? Don Roose, U.S. Commodities, has the answer. Plus, live cattle end higher Friday with higher cash trade, but can it put bird flu fears behind it? And hogs end lower Friday and for the week with the futures premium to the cash index dragging down the market.
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Weather concerns in South America and the U.S. continue to drive the grain markets. We get the latest with Eric Snodgrass, Senior Science Fellow, Nutien Ag Solutions.
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Grains continue higher with weather concerns in the U.S. and South America, a lower dollar and funds are covering shorts with the stronger technical action. Crude oil continues to see pressure. Will the funds eventually buy grains? Darin Newsom, has the answers.
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Grains rally on fund short covering. Soybeans and soybean meal took the lead adding weather premium with heavy rains and flooding in southern Brazil and parts of Argentina. Corn followed soybeans and wheat higher, but may be trading some early concerns about planting delays with the wet forecast for the corn belt. Wheat was adding weather premium due to the lack of rain on southwest HRW areas and parts of Russia. So are we seeing a chart breakout that will keep funds covering short positions to keep the rally going? John Payne, Advance Trading, has details plus covers the recent slide in cotton and the recovery in cattle after negative tests for H5N1 in ground beef.
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Cattle futures gap higher on the open with APHIS announcing negative tests for bird flu in ground beef and cash trade and bids moving higher. Plus, a marketing year high for beef exports. Hogs set back after taking out support and with the futures at a premium to the cash index. Grains rally on planting delays in the U.S. and harvest problems in South America. Is a technical breakout in the making? Scott Varilek, Kooima Kooima Varilek has it all!
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Corn, soybeans and bean oil see a short covering technical bounce, but is corn also adding some weather premium? Wheat corrects with rain the forecast for dry HRW areas so is it routine profit taking or is the rally about over? The FOMC leaves rates unchanged so why did the stock market rally? Ted Seifried, Zaner Ag Hedge, has the answers. Plus, he says cattle see fund liquidation on continued fears about H5N1 and he is watching the April lows for support on the charts.
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Grain and livestock futures are mixed early Wednesday. Wheat is consolidating and pulling down corn, while soybeans are seeing a bounce with bean oil despite more deliveries. When will the grain markets start to trade weather and planting delays? Chuck Shelby, Risk Management Commodities, has more. Plus a look at how cattle continue to chase H5N1 headlines and how that might be beneifitting the hog market.
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Grains end lower on heavy deliveries against the May soybean oil and Chicago wheat contracts, end of month profit taking and the fast planting pace. Plus, outside markets were risk off with the stock market lower and the dollar higher, which also weighed on cattle. Although Kent Beadle with Paradigm Futures says cattle also saw end of month positioning and fund liquidation for a second day with USDA testing ground beef in state impacted by H5N1. Hogs ended mostly lower with the futures premium to a softening lean hog index.
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Grains drifting lower on end of month profit taking. Plus, its first notice day and there were heavy deliveries of bean oil and Chicago wheat. Fast planting pace, especially on spring wheat and rain in the forecast for Russia is also weighing on the wheat market. Cattle see follow through selling with USDA testing ground beef in affected states for bird flu, while hogs bounce on spreading against cattle and bouncing off chart support. Randy Martinson, Martinson Ag, has more.
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Winter wheat sees some profit taking Monday with some rain chances in Russia. Soybeans end higher led by meal on concerns about a strike in Argentina at crushing facilities, while soybean oil plunged lower. Corn was down slightly following wheat but still stuck in its sideways range. Cattle saw end of month profit taking. Copper and precious metals have had a huge rally on geopolitical concerns according to Shawn Hackett, Hackett Financial Advisors.
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Brad Kooima, Kooima Kooima Varilek
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Grains end mixed Friday but higher for the week led by wheat. Cattle make new highs for the move helped by stronger cash. Can the markets continue to move higher? Darren Frye, Water Street Solutions, has the answers.
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Wheat is higher for a 7th day on technical buying and U.S. and global production concerns. However, the market is watching rain chances in the extended forecast for the HRW areas and is nearing some chart resistance according to Allison Thompson of The Money Farm. Corn and soybeans are seeing light pressure as they are into chart resistance and rain in the Corn Belt is actually seen as a bit bearish. Export demand may be the sleeper fundamental for the corn market while weaker exports have hurt the soybeans. Cattle continue to rally after Thursday's reversal on steady to higher cash.
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Grains and livestock close mixed Thursday. Wheat rallies for a 6th day on continued fund short covering and adding war and weather premium. Can wheat keep moving higher and pull corn above overhead chart resistance? Or does corn have its own emerging story? Soybeans struggle to follow corn and wheat plagued by weak exports. Cotton steady after the recent implosion of the market, so is the selling done? Cattle see a nice recovery with steady to higher cash. Alan Brugler, Brugler Marketing, has analysis.
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Cattle plunge again on new HPAI news restricting movement of dairy cattle and Columbia banning beef from affected states. However, cash is holding together on fed and feeder cattle. So will futures hold the recent lows? Hogs lower following cattle. Corn is higher in tandem with wheat and with strong exports but can it take out overhead chart resistance at the top of the recent trading range? Soybeans fall on farmer selling and poor weekly exports. Scott Varilek, Kooima Kooima Varilek, covers it all!
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Grains end mixed with wheat closing higher for the fifth consecutive day. Is it all fund short covering or is the market concerned about U.S. and global production issues? Soybeans end steady with corn lower, unable to follow wheat and taking a break after three up days. So is the rally over there? Darin Newsom, Senior Market Analyst for Barchart, has the answers. Plus, he talks about the correction in cattle, metals and the energy markets and if the inflation and geopolitical concerns over for the markets.
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Grains are quiet and chopping on both sides of steady on Wednesday after testing the top side of recent trading ranges. Is the short covering rally and fund buying just about done? Livestock have traded 2-sided early but are now favoring the downside. Cattle are consolidating along with hogs. Vince Boddicker, Farmers Trading Company, has details.
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Grains end higher for a third day on speculative short covering and corrective buying. However, wheat is still putting in risk premium and pulling corn and soybeans along. Technically the markets have climbed above some key moving averages so is this the start of a bigger rally? Plus, live cattle take a breather after running into chart resistance, while feeders and hogs continued higher. Will hogs run back to contract highs? DuWayne Bosse, Bolt Marketing, has the answers.
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Grains start mixed but quickly move higher extending gains from Monday. Wheat has been leading on lower crop ratings and putting in weather and war premium. Corn and soybeans have been following but also technically has also broke above key moving averages along iwth the wheat. Cattle try to extend gains after a push from bullish placements in the Cattle on Feed Report, while hogs follow cattle. Kent Beadle, Paradigm Futures, has details.
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A risk on day resulted in higher closes in both grain and livestock futures. Funds were covering short positions in the grain market. Wheat led the rally putting in weather premium on concerns in HRW areas of the U.S. plus there are problems in the Black Sea and Europe, plus India is pulling wheat out of their reserves due to tight supplies. Corn and soybeans followed wheat but also bounced off chart support areas. Cattle rallied after a bullish placements number in the Cattle of Feed report and the buying in the stock market, hogs followed. Jim McCormick, AgMarket.Net, has details.
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Cattle rally with the bullish placements number at 88% in the Cattle on Feed report and after steady cash in the south. What will cash do this week? Hogs fail to see follow through buying after the chart breakout Friday. Grains rally led by the wheat market on weather concerns in the U.S. and Europe. However, corn has strong demand and a higher seasonal pattern in its favor according to Brad Kooima of Kooima Kooima Varilek.
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Grains close higher on short covering and putting in some risk premium on geopolitical and weather concerns. Live cattle ended higher with steady cash at $182 in the South and ahead of the COF. Hogs broke above chart resistance with help from the lower sow herd numbers in China. Rich Nelson, Allendale, Inc. covers it all.
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Cattle seeing some pressure positioning ahead of the Cattle on Feed Report and with the lack of cash news. Plus, uncertainty with Israel attacking Iran overnight. However, the market is absorbing that and the HPAI news pretty well according to Scott Varilek, Kooima Kooima Varilek. Hogs are consolidating under the recent highs but supported by stronger cash and cutouts. Grains are putting some war premium in and seeing some short covering after soybeans hit new lows for the move Thursday. Plus EPA is expected to announce E15 sales for summertime.
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Soybeans make new lows for the move with South American hedge pressure dragging down beans and that spilled over into the corn market. Wheat futures were able to make some gains with concerns about crop conditions and dry weather, despite China export cancellations on this morning's export sales report. Cattle end mostly higher but positioning ahead of cash news and the Cattle on Feed Report. Outside markets continue to watch geopolitical headlines. Arlan Suderman, StoneX, has analysis.
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Corn and soybeans lower with slow exports and no weather issues to push the market. Wheat is seeing short covering with frost concerns in the extended forecast. Livestock mixed. Crude oil and gold are rallying on geopolitical concerns, but there have also been some contraseasonal moves in markets like heating oil/diesel fuel. Darin Newsom, Sr. Market Analyst with Barchart, gives his take on the market action.
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Grains end mixed with wheat seeing technical selling pressure after hitting chart resistance. Soybeans and products saw corrective buying. Corn was slightly lower caught between higher beans and lower wheat. However, corn is still in a narrow sideways trading range. Grains generally lack buying interest by the funds but do they become an inflationary and geopolitical buy at some point? Kevin Duling, KD Investors, shares his insight.
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Grains see short covering early with a lower dollar then turn mixed searching for news and watching weather. Cattle 2-sided but starting to position for the COF report. Hogs chop. DuWayne Bosse, Bolt Marketing, has more.
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Corn and soybeans fall with rains falling in some dry areas of the corn belt, plus planting progress is ahead of average. Funds continue to stay short in grains heading into the uncertainty of the growing season, but could anything change that? Wheat ended mixed on crop conditions. Cattle futures extended gains for a second day hopefully putting HPAI in the rear view mirror. Matt Bennett, AgMarket.Net has analysis.
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Grains see technical selling pressure from weather and the fast planting pace. Cattle try to extend gains for a second day, so is the HPAI fear subsiding? Hogs have topped but where do they go next with continued firm cash and cutouts? Kent Beadle, Paradigm Futures, has insight.
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Grains end lower on Monday on weather forecasts for rain in the corn belt, a pick up in farmer selling after the rally Friday and with farmers having to price or roll basis fixed contracts into the end of April. Randy Martinson, Martinson Ag says the grain markets were also removing war premium after Middle East fighting failed to escalate to all out war. Cattle saw a short covering bounce with triple digit gains as that market was oversold despite a lower stock market.
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Cattle see a short covering bounce after a lower week and with less war fear. But can it be sustained? Brad Kooima of Kooima Kooima Varilek says he's wants a close in June live cattle above the 100 day moving average for confirmation. Hogs continue to see fund liquidation and profit taking. Grains retreat on farmer selling, weather and expected fast planting progress in the USDA report.
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Grains sharply higher Friday, livestock and many other commodities melt down as it was a true money flow or "Get me Out" day. Funds head for the door and covered their short positions in grains to produce a rally but selling their long positions in livestocks and many other sectors of the commodity complex and equity sector. Is this a one day move or a trend that will continue? Chip Nellinger, Blue Reef Agri-Marketing, provides his insight.
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Grains end lower after a disappointing WASDE especially regarding South American numbers and poor weekly exports. Corn and soybeans did technical damage in the process. Cattle bounced despite lower cash trade in the South at $182, down $2. Hogs consolidated after a bearish key reversal down on Wednesday but is the high in? John Heinberg, Total Farm Marketing, has analysis.
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Grains slide after USDA disappoints with U.S. ending stocks, but especially punting on South American production. Jim McCormick, AgMarket.Net, discusses why USDA is so far above Conab and the Rosario Grain Exchange on Brazil and Argentina corn and soybean production. What does it mean for prices?
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Scott Varilek, Kooima Kooima Varilek, says cattle futures are lower digesting BIAV news, while hogs recover, and grains are lower except corn following exports and South American crop estimates.
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Grains end mixed, livestock and equities lower. Wheat sees technical buying and puts in weather premium on hot and windy conditions in HRW areas, that lends some strength to corn. Soybeans set back with meal. All of the grains are gearing up for USDA and Conab production estimates Thursday. Cattle set back with a lower stock market and more Bovine Influenza A cases. Hogs score a bearish key reversal. So is the top in? Mark Schultz, Northstar Commodity, has analysis.
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What is the outlook for weather for Plant 24? Meteorologist Eric Snodgrass has the forecast.
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CPI data came in hotter than expected this morning which is weighing on the equities and the dollar has surged as well. Wheat is rallying on short covering and Russia is slowing exports due to quality issues. Corn is getting spillover support from higher wheat and crude oil. Soybeans are lower with concerns about Conab raising Brazil crop estimates and despite 9.3 mb of new crop export business. The complex is also positioning ahead of the USDA reports and watching weather. Cattle set back on profit taking by the funds with another case of Bovine Influenza A in New Mexico. Hogs are mixed but due for a correction after more contract highs were hit Tuesday. Tomm Pfitzenmaier, Summit Commodity Brokerage, has details.
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Grains lower on fund selling and weather. Cattle see corrective buying, while funds continue to push hogs into contract highs and they are also buying other commodities like gold and cocoa. So why aren't they buying grains and is the market running out of time for a spring weather rally? Ted Seifred, Zaner Ag Hedge, has all the answers.
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Cattle seeing an early rally but can they hold it or will funds sell that strength? And what will the cash cattle market do this week? Funds continue to buy hogs pushing them to new contract highs. Grains set back on favorable planting weather. Joe Kooima of Kooima Kooima Varilek covers it all.
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Grains end quietly mixed as do cattle futures, but hogs rebound into new contract highs. Brian Grete, Pro Farmer, says the grains have been rangebound and sideways with not a lot of fresh news. Could that come from the April WASDE? Live cattle bounce, with fresh lows in feeders but is the market close to a bottom? And hogs reverse to end with new contract highs.
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Grain markets are steady to higher early Monday with wheat seeing a rally which is helping corn and soybeans. Cattle are mixed with hogs lower on profit taking.
Kent Beadle with Paradigm Futures has more.
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Markets end mixed Friday as corn hits chart resistance at the 50-day moving average and consolidates, despite higher wheat and soybeans. Wheat saw a short covering rally but news on Russian export issues due to quality problems was also supportive, while soybeans seemed to follow soybean oil and crude oil. However, all the grains are sideways on the charts. Cattle made new lows for the move on Friday and were down for the week on HPAI fears and fund selling, while funds moved over to buy hogs which saw more contract highs. The stock market also had a down week with fears of inflation and higher for longer interest rates. Tommy Grisafi with Advance Trading covers it all.
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Grains leaning higher as the wheat market is pulling up corn and soybeans and we're seeing end of week short covering in all three markets. However, corn continues to hit chart resistance around the 50-day moving average. Markets are watching weather, planting progress and outside markets. The dollar is up with non-farm payrolls coming in hotter than expected but will it really change the Fed's course on interest rates? Cattle continue to see fund profit taking with concerns about HPAI while they seem to be buying in hogs. Darin Newsom, Senior Market Analyst, for Barchart has details.
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Grains lean higher except soybeans on Thursday. Corn sees follow through buying after bounced off key support Wednesday but the market is also having trouble getting above resistance on the charts looking for fresh bullish news. Soybeans fall on disappointing weekly exports. Will the funds stay short in the grain markets heading into the growing season? Cattle see a recovery rally but can the market see further buying amid HPAI headlines? And hogs continue attract fund buying and June on back are hitting new contract highs but strong demand is also supportive. Jeff Hoogendoorn, Professional Ag Marketing, has more.
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Cattle again try to bounce early but rallies are hard to sustain as new HPAI headlines continue to circulate. Uncertainty has caused fund selling so the hope is the market can find the answers it needs to stablize. Plus, cash cattle news has been better than expected and the futures are at a discount so hopefully that will help. Hogs are consolidating after a fresh round of contract highs in June and deferred Wednesday on strong demand and higher cash with tighter than expected supplies. Grains continue to chop looking for fresh news, but do the funds want to be so short heading into the planting season. Scott Varilek, Kooima Kooima Varilek, has answers.
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Grains stage a nice rally on Wednesday with fund short covering and corrective buying plus the pullback in the U.S. dollar index was also supportive. News that Russian authorities have halted grain exports on ships belonging to Aston, one of the biggest local grain trading houses, in an effort to expand a quality probe propped up prices. More HPAI cases, now in an Ohio dairy, also caused more fund long liquidation in cattle. While not as volatile, the milk markets have slowly ground lower on HPAI news but saw a big selloff prior to the outbreak on slower demand. Bryan Doherty, Total Farm Marketing, has more.
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Grains are mixed early with wheat putting in weather premium and trying to pull corn with it. Soybeans have struggled after a poor technical close Tuesday and with lower soybean meal on concerns about lower feed demand with HPAI. Cattle see fund selling return with continued uncertainty about HPAI, while hogs are benefitting from the news on improved demand and higher cash and cutouts reflect that. Kent Beadle, Paradigm Futures, has details.
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Grains lower Tuesday on profit taking and risk off selling tied to outside markets. Cattle rebounded but how much can the market recover? Vince Boddicker, Farmers Trading Company has details on AgDay TV's Markets Now.
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Grains end lower on Tuesday with continued consolidation and risk off selling from outside markets. The dollar was up with concerns about interest rates staying higher for longer and the stock indicies were also lower on that and the escalation of the conflict between Isreal and Iran. Weather in the U.S. and Brazil, with some recent rains and more in the forecast, also seemed to be a bearish factor. As well as winter wheat ratings being well above a year ago. Cattle recovered after the Monday meltdown on a human case of HPAI but how much can it recover? And hogs consolidated after June made new contract highs. Vince Boddicker, Farmer Trading Company, has analysis.
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Cattle recovering Tuesday after the HPAI selloff, while hogs are up on strong demand. Corn falls with rains in the Corn Belt, soybeans rally with the strong crush figure. Brad Kooima, Kooima Kooima Varilek, has more.
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A risk off day in grain and cattle futures with fund selling on news of a case of HPAI detected in a human associated with an infected Texas dairy herd. Grain also sell off on USDA report hangover, beneficial precipitation in the central U.S. and ideas of improved winter wheat conditons in the first Crop Progress Report. Hogs saw a bounce on the long side of spreads being unwould with cattle and despite a bearish Hogs and Pigs Report from USDA. Dave Chatterton, Strategic Farm Marketing, has analysis.
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Grains leaning lower with USDA Report hangover with the reality sinking in and the market questioning where the 6.4 million acre loss to principle crops came from. Plus, the first USDA crop condition report is likely to show a much better wheat crop than a year ago especially with many of those areas receiving recent precip. Cattle are mostly lower with HPAI continuing to spread in the dairy herd. Hogs opened lower in reaction to the Hogs and Pigs Report but has bounced on the long side of spreads with cattle. Allison Thompson, The Money Farm, has more.
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Corn ends higher after bullish numbers in the USDA Reports including the 90 million acre corn estimate. So where do prices go from here? Soybeans end slightly lower as acreage was in line with trade guesses but quarterly stocks were above the mark by around 20 million bushels. Wheat ended with winter wheat classes higher, spring wheat lower. Cattle futures recovered the last day of the month despite some lower cash. The futures discount is likely supportive but is all the bearish news from the Cattle on Feed Report and HPAI news worked it? Garrett Toay, AgTrader Talk, shares his thoughts.
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USDA Report surprises the market with a bullish corn acreage number of 90 million acres, down 4.61 million from last year. Soybeans at 86.5 million, down 3 million from 2023. All wheat acreage was down from last year at 47.5 million, but above estimates. Quarterly stocks were bullish for corn coming in 80 million bushels below estimates at 8.35 billion bushels. Soybean stocks at 1.85 billion and wheat at 1.09 billion, both above estimates. Brian Splitt, AgMarket.Net, looks at what this mean for prices.
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Grain and livestock markets see 2-sided trade Thursday morning ahead of month end and USDA data. What will the markets trade after the reports? Randy Martinson, Martinson Ag, has insight.
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Corn and soybeans see pressure again Wednesday with growing concerns about the USDA reports and idea the trade will see big stocks but also more corn acres than anticipated. Soybeans also saw pressure as AgroConsult upped Brazil soybean production 4 million metric tons to 156.5 mmt. Wheat ends mixed. Cattle recover so is the panic selling over? Hogs close strong on increasing seasonal demand and fund buying. Mike Zuzulo, Global Commodity Analytics, has price action.
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Corn and soybeans continue to see technical selling pressure ahead of USDA reports but also with uncertainty tied to HPAI and the Baltimore port closure. Plus, China is liquidating more of their sow herd. The HPAI news has also been negative for cattle while hogs are higher being spread against cattle and ahead of the Hogs and Pigs Report. DuWayne Bosse, Bolt Marketing, covers it all.
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Grain and livestock futures were mostly lower Tuesday with uncertainty surrounding the HPAI cases in dairy herds as well as the Baltimore port closure. However, end of quarter and report positioning were also evident. Chuck Shelby, Risk Management Commodities, has details.
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Grains are mostly lower except for fractional gains in corn. Soybeans are seeing corrective selling, plus end of month and quarter and report positioning. Cattle are hitting new lows for the move with the Cattle of Feed bearishness and the news of HPAI confirmed in dairy cattle. Hogs are higher on the long side of spreads with cattle and gearing up for the Hogs and Pigs Report. Brad Kooima, Kooima Kooima Varilek, has more.
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A mixed close in both grain and livestock futures. Soybeans did end 11 to 17 cents higher following the rally in soybean oil and palm oil. Soybeans and products also saw end of month and quarter short covering. Corn tried to follow soybeans but failed and are trading range bound waiting for the USDA reports, while wheat ended mixed to slightly higher in Chicago. Cattle set back with the bearish Cattle on Feed placements number, while hogs bounced on spread unwinding and higher cutouts. John Payne, Hedge Point Global Markets, has more.
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Grains are mostly higher except corn early as soybeans follow soybean oil. Wheat is building some war premium. We also see end of quarter and report positioning. Cattle trade lower early in reaction to the bearish placements in the Cattle on Feed report, but are well off session lows. Short covering in hogs despite lower weekly closes. Kent Beadle, Paradigm Futures, has more.
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Grain and livestock futures end mixed on Friday. Oliver Sloup, Blue Line Futures, has the end of week wrap.
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Grains seeing pressure on farmer selling, profit taking after hitting chart resistance and better rain chances in Brazil and the U.S. production areas. However, will funds cover short and take profits end of month and quarter? Cattle score reversals again Thursday but does it mean anything? And will gold and the stock market keep rallying to new highs and what does that mean for the ag markets? Darin Newsom, Barchart, covers it all.
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Cattle end mostly lower and live cattle made new highs for the move with higher cash and then scored reversals for the third time in three weeks. So was that fear of the Cattle on Feed Report and what happened with the fire at the beef plant in Liberal, Kansas? Brad Kooima, Kooima Kooima Varilek, has the answers. Plus, talks about how grains end slightly higher with fund short covering end of month and quarter and ahead of USDA Reports.
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Grains fade the early rally on profit taking and farmer selling but maybe positioning end of month and quarter and ahead of USDA's reports next week. AgMarket.Net comes out with their latest acreage estimates. Matt Bennett has details and we also talk about cattle futures fading some higher cash at $188 in the south.
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What price ratios are impacting planting decisions? Allison Thompson with The Money Farm has the answer.
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What will farmers plant in 2024 and what is the markte telling them to plant? Randy Martinson, Martinson Ag, shares insight and expecatations for the Northern Plains.
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Cattle close higher Monday reacting to near to record cash prices. However, the market fails to take out last week's highs and negate chart reversals. Has the cattle market scored an intermediate top? Or will prices take out the record highs in 2023? Scott Varillek, Kooima Kooima Varilek, has the answers.
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Corn and soybeans end higher on Friday with fund short covering and soybeans reversing after a record NOPA crush figure at 186.2 mb. Soybeans ended higher for the week and look like the funds will continue to take profits off the table heading into USDA reports and end of month and quarter. Corn was slightly lower for the week as it continues to be held back by wheat which sank again on China cancellations of U.S., Australia and French wheat. Cattle rebounded Friday and were higher for the week with near to record high cash trade but is the market signaling a top? Meanwhile, crude oil close above $80 and may see more inflationary buying. Chip Nellinger, Blue Reef Agri-Marketing, has the details.
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Cattle try to recover after a poor technical day Thursday which featured reversals despite higher cash trade. So did this signal an intermediate high? Hogs are rangebound. Grains also had poor technical closes hitting resistance and failing. Soybeans are seeing follow through selling, while corn is trying to rebound but all the grains are looking for fresh news. Scott Varilek, Kooima Kooima Varilek, has details.
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Grains end lower on Thursday even soybeans after May ran up to aroudn $12.17 and then ran into chart resistance and saw farmer selling or hedge pressure. However, the lower wheat market also drug down beans. Wheat fell as China cancelled 1 mmt of Australian wheat, after cancellations of French and U.S. wheat earlier. Jim McCormick, AgMarket.Net says its likely China is switching to Russian wheat as it has fell below $200/metric ton. The lower wheat market also weighed on corn but it too hit chart resistance. Live cattle made new highs for the move before seeing profit taking and hedge pressure with risk off from a higher dollar also a factor.
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Grains all lower even soybeans which gave up the early rally above $12 on profit taking and farmer selling. Wheat pressured by poor exports and Russia competition, which pulled down corn. Allendale also releasing their annual acreage survey, we look at the results with Rich Nelson. Cattle also make new near term highs then fail.
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Wheat is lower on poor exports, China's cancellations of French wheat and Russia dumping wheat at below $200/metric ton on the world market. That has drug down corn but it also hit chart resistance despite good export news. Soybeans are seeing fund shortcovering and help from higher products. Cattle extend gains on strong demand. Crude oil has also move above $80 in nearby contracts. Darin Newsom, Barchart Senior Market Analyst, has more.
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Corn and soybean end nearly steady after taking another run at $12 on soybeans and $4.45 to $4.50 on corn which served as resistance on the charts. Plus some farmer selling has capped the rally. However, Don Roose, U.S. Commodities, says the markets have stopped going down and are adding risk premium. Wheat fell with China cancelling French wheat. Live cattle make new highs for the move, while hogs see some profit taking and hedge pressure.
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Grains see early pressure with profit taking as corn and soybean contract have run into chart resistance but are also seeing a bump in farmer selling. China economic news is also bearish. Wheat seeing pressure from lower Russian wheat prices and fear of more China cancellations. Cattle extend Tuesday's gains with help from higher boxed beef and still within a trading range. Hogs are seeing profit taking and hedge pressure. Kent Beadle, Paradigm Futures, has details.
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Soybeans rally on lower Brazil production estimates and weather, plus the rally in soybean oil. Funds are covering shorts with soybeans above 40 day moving averages but will the keep buying and push contracts above $12? Corn ends off highs after running into chart resistance and with farmer selling. Wheat ended mixed still absorbing the China cancellations and lower Black Sea and European prices and that is capping technical rallies. Cotton continues to rally with tight supplies and bidding for acres. Cattle tried to recover with higher boxed beef values and a higher stock market but can it negate Friday's reversals? Alan Brugler, Brugler Marketing, covers it all!
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Cattle 2-sided early but trying to recover after a lower day Monday, but was Friday's reversal action an intermediate top in the market? What are cash cattle ideas for this week? Hogs mixed despite Tyson closing the Perry, Iowa plant. Grains recover after early pressure so are funds covering shorts and can the rally continue with corn now above the 40 day moving average? Brad Kooima, Kooima Kooima Varilek, has the answers.
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Corn and wheat recovered nicely after the early pressure tied to China cancelling another 9.7 million bushels of Soft Red Winter wheat. Soybeans saw some farmer selling and profit taking pressure after running up into chart resistance and with China's poor PPI numbers. Cattle saw follow through selling after last week's chart reversal. Hogs consolidated but should be well supported by the rising cutout values. Mike Minor, Professional Ag Marketing, has more.
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Grains are lower this morning after China cancelled another 9.7 mb of SRW wheat and China's PPI fell for the 17th consecutive month. The funds went even shorter in grains last week so what could get them to change that trend? Kevin Duling, KD Investors has insight and talks about the poor technical action in cattle.
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Grains end higher following the WASDE with very little change in domestic balance sheets. USDA only lowered Brazil soybean production 1 mmt which was a bit disappointing but soybeans still closed higher Friday. In fact, all the grain markets except Chicago wheat had higher weekly reversals and closed above 20 day moving averages. Is this enough to get funds to cover short and produce a bigger rally? Wheat also shook off a second day of China SRW cancellations. Darren Frye, Water Street Solutions, discusses that plus whether the DOW and cattle markets have topped.
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USDA leaves corn and soybean ending stocks unchanged in the WASDE, but only makes slight adjustments to South American numbers. Chip Nellinger, Blue Reef Agri-Marketing says this is a disappointment but the markets are shrugging it off looking ahead to Conab numbers next week. USDA raised wheat ending stocks 15 million bushels and China cancelled another 4 million bushels of SRW wheat but the market is higher with a lower dollar. Cattle make new highs for the move with a push from higher cattle but then set back. Is this a reversal? Chip has more.
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Cattle futures are higher following higher cash in the north at $183-$187 by some regionals, dressed mostly $292, up $2. Cattle continue to see support from higher beef and fund buying with new highs in the deferreds. Hogs consolidating with April still at a premium to the index but deferreds are just off contract highs. Grains are failing after getting corn above the 20 day MA with markets taking a breather before the WASDE and with China cancelling another 4 mb of SRW wheat. Scott Varilek, Kooima Kooima Varilek, has details.
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Grains end higher Thursday with technical buying and short covering by the funds. May corn climbed about the 20 day moving average which also triggered some buying. The markets also got help from better China economic news and lower Brazil crop estimates. Chicago wheat hit new contract lows with confirmation of the China cancellation of 4.6 million bushels of soft red winter wheat and then bounced with the other two classes. All the grains saw some positioning ahead of tomorrow's WASDE. So are the lows in? DuWayne Bosse, Bolt Marketing, has the answers and also covers the mostly higher action in cattle and hogs.
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Grains see early strength with better economic news out of China and some lower private estimates on Brazil corn and soybeans. Weekly exports were better and while the China wheat cancellation was confirmed the market has priced it in. Corn was able to get above the 20-day moving average and we may be seeing some short covering in all the grains ahead of the WASDE. Cattle are mixed this morning ahead of cash development, hogs mostly higher trying to recover after profit taking and hedge pressure Wednesday. Kent Beadle, Paradigm Futures, has more.
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Corn ended higher on short covering which was impressive with new contract lows in wheat. Wheat saw technical selling, but talk of China SRW cancellations also weighed on futures. Soybeans continue to see Brazil harvest pressure. Cattle are consolidating waiting for cash to catch up and a third lower day in hogs which may also be to premium to cash. John Heinberg, Total Farm Marketing, has details.
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Grains continue to see technical selling pressure with wheat making new contract lows. Improved weather forecasts for the Southern Plains and Midwest and a lack of bullish news are factors. Cattle are consolidating under this week's highs waiting for cash to catch up. Outside markets are recovering after a down day Tuesday. Darin Newsom, Sr. Market Analyst, with Barchart has more.
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Grains end lower on profit taking after May corn and soybean hit resistance at the 20 day moving average. Plus farmer selling and WASDE report positioning were also a factor with concerns USDA will disappoint the trade regarding South America's estimates. Cattle bounced but are somewhat rangebound waiting for cash to catch up, while hogs set back with lower cash and cutouts. Ted Seifried, Zaner Ag Hedge, has more.
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Cattle are trying to recover this morning after hitting chart resistance yesterday and failing. What will it take to get the market above these chart areas and can cash continue to move higher? Hogs seeing consolidation, bear spreading and pre-Goldman rolling after a strong run with futures getting too premium to the cash index. Corn and soybeans are seeing profit taking after hit the 20 day moving average yesterday and without much bullish news. Brad Kooima of Kooima Kooima Varilek has more.
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Grains end higher on technical buying with the markets oversold. So was it just a dead cat bounce or what will it take to confirm a change in trend? Plus, how far can the market rally before it sees farmer selling? Is China really replenishing reserves? And how much of a cut will USDA or Conab confirm on South America's crops this week? Shawn Hackett, Hackett Financial Advisors, covers it all.
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Grains higher on corrective buying, but corn and soybeans also posted higher weekly closes which is helping out. Wheat futures are rebounding with Paris milling wheat which hit new contract lows Friday. China has also been in buying and while they have only bought U.S. sorghum there is hope for more sales. The markets will also be gearing up for USDA and Conab estimates for Brazil. Livestock futures are lower with higher feed prices and profit taking. Randy Martinson, Martinson Ag, talks about that and February insurance prices have been set.
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Corn ends lower on Friday on profit taking and lower wheat, with soybeans seeing short covering. However, both ended higher for the week. So are the markets bottoming? Wheat ends lower Friday and for the week with European prices dragging down the market. Cattle rebound. Bryan Doherty, Total Farm Marketing, has analysis.
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Corn and wheat rallied on end of month profit taking by the speculative traders, while soybeans and cattle faltered. Arlan Suderman with StoneX has details.
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Corn bounces with talk of China buying U.S. corn and despite a lower day in wheat. So, is the market trying to bottom? Soybeans get help from both corn and soybean meal, while wheat struggles with plunging European prices. Cattle see continued profit taking, but is it just a healthy correction? Matt Bennett, Ag Market.Net has the answers.
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AgDay TV Markets Now: Allison Thompson Discusses if Wheat is Bottoming and Can Lead Row Crops Higher
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Grains close higher with spot month corn back above the $4 mark. Will the recovery rally hold or be sold by funds and farmers? The wheat market extends last week's gains so is it bottoming and can it lead corn and soybeans higher? Plus a nice comeback in live cattle despite higher than expected placements in the Cattle on Feed report, while hogs end mixed with some consolidation. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
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Corn is making new contract lows again with liquidation ahead of first notice day for March contracts and lower Brazil corn prices. Wheat is seeing weakness as well. Soybeans bounce off contract lows on corrective buying. Cattle see profit taking after placements came in above expectations on the CoF report. Allison Thompson, The Money Farm, has more.
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Grains end lower Friday with new contract lows in corn and soybeans, even meal. It was also a lower week for corn and beans. Fund and farmer selling were both evident as March options expired but when will the blood bath end? Funds continue to pile in the livestock with higher cash supporting cattle. Tommy Grisafi, Advance Trading, has details.
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Grains still seeing pressure from fund and farmer selling and weekly exports were weak in soybeans and wheat. Cattle see a rally heading into the COF report, hogs also see new near term highs with higher cash. Kent Beadle, Paradigm Futures, has more.
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Corn makes new contract lows again drug down by farmer selling and a lower soybean market. Brazil basis and SA weather continue to push soybeans to near term lows. Wheat was lower in KC and MN following world prices, but why did CH wheat hold steady? Live cattle reversed off of near term highs with caution ahead of the USDA report, but hogs closed above chart resistance with help from higher cash. DuWayne Bosse, Bolt Marketing, covers it all.
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Cattle futures continue to make new nearterm highs on any pullback. Is the markets too bullish heading into the COF report and with packers cutting kills? Hogs also make for the move highs pushed by cash. Corn bounces off another contract low following wheat, which is putting in some risk premium and seeing technical buying. Soybeans are trying to follow but are being held back by better weather in SA. Scott Varilek, Kooima Kooima Varilek, has more.
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Grains end lower on profit taking and farmer selling heading into the end of the month. New contract lows are hit in corn and nearterm lows on soybeans. Cattle make new highs for the move then end off highs but are the bulls too optimistic heading into the Cattle on Feed Report? Matt Bennett, AgMarket.Net has insight.
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Grains fail to see any follow through buying after the higher day yesterday with profit taking across the complex and rain chances in Argentina also weighing on futures, especially soybeans. Plus, there was some farmer selling on the rally as basis fixed contracts will need to be rolled or executed on before March goes into delivery and March options also expire on Friday. Cattle are strong heading into the Cattle on Feed Report with expected lower placements. Outside markets are seeing weakness in the equity sector. Randy Martinson, Martinson Ag, has more.
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Grains end higher with fund short covering prompted by the oversold market condition, but also more Red Sea shipping concerns and China lowering interest/mortgage rates. Cattle make new highs for the move and end with nearby live cattle lower on profit taking after running into chart resistance, plus lower cash ideas this week and packer kill cuts. Hogs rally with funds buying and higher cash and cutouts. Arlan Suderman, StoneX, has more.
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Cattle futures see some consolidation after new highs for the move on Friday. Cash cattle trade was lower last week, packers are cutting kills and futures are into chart resistance. Hogs strong on China economic news and higher cutouts. Grains are also strong with China lowering its mortgage rates and talk of them buying Brazil soybeans. Brad Kooima, Kooima Kooima Varilek, has more.
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Can U.S. farmers achieve USDA's record yield projects of 181 bushels per acre on corn and 52 bushels per acre on soybeans with the latest weather outlook for the 2024 growing season? Rich Nelson, Allendale, Inc. has the answer.
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Soybeans see a one day short covering pop heading into the holiday weekend, with corn and wheat continuing to see fund selling into contract lows. Cattle make new highs for the move, can they keep going? Hogs slightly higher but off the highs after hitting chart resistance. Rich Nelson, Allendale, has details.
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Corn bounces off a new contract low and soybeans are higher on shortcovering while wheat fails with a higher dollar. Cattle extend gains despite softer cash, hogs are mixed after hitting chart resistance. Tomm Pfitzenmaier, Summit Commodity Brokerage, has details.
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Grains make new lows again with additional fund selling and digesting the bearish USDA Ag Outlook numbers. Is there anything that can bottom the grain markets? Financial markets and crude oil ended higher will they continue to rally? While cattle rebounded despite lower cash. Darin Newsom, Sr. Market Analyst for Barchart, has analysis.
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Cattle trading two-sided early in the session trying to consolidate after three down days in live cattle and working in lower cash trade in the south at $182. Hogs also trade two-sided with confirmation of the large weekly exports the market traded on Wednesday. Grains open lower this morning and make new lows after the USDA Ag Outlook numbers, but are trying to stablize and soybeans are even trying to move higher. Scott Varilek, Kooima Kooima Varilek, has details.
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Grain markets see fund selling ahead of USDA's Ag Outlook Forum. Cattle pressed by lower cash in the south, but hogs rally on Prop 12 news. Kent Beadle, Paradigm Futures, has details.
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Grains end higher after digesting the WASDE data and seeing technical buying after bouncing off key support areas. Cattle make a healthy bull market correction and so does crude oil but may go to $100. Naomi Blohm, Total Farm Marketing, covers it all!
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Soybeans and meal see follow-through selling with report hangover. How much lower do prices go? Corn bounces off support and follows wheat, which may have bottomed? Cattle further consolidate after getting overbought, hogs 2-sided. DuWayne Bosse, Bolt Marketing, breaks it down.
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Soybeans see follow-through selling on WASDE hangover, corn rallies with wheat after holding support in the face of bearish report news, and has wheat finally bottomed? Cattle pull back after new highs on consolidation and bearish CPI data. Allison Thompson, The Money Farm, has details.
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Corn and soybeans ended lower after the WASDE disappointed the bulls. USDA drops corn yield but with higher harvested acres on corn, ending stocks were raised 19 million bushels and still above 2.2 billion bushels. Soybeans also see a cut to yield but end with a 225 mb carryout which fails to excite the bulls. Wheat ended higher with lower global stocks. Cattle hit new highs and then faded. Matt Bennett, AgMarket.Net has details.
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Despite lower yields, the September WASDE was disappointing for the bulls. Ted Seifried, Zaner Ag Hedge, breaks it down and talks about what it means for prices. Cattle markets hit new highs then turn mixed, despite lower corn.
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Cattle hitting new contract highs again on bullish cash ideas, tight supplies. Hogs test the upper end of the trading range on the charts. Will they break through? Grains lower positioning ahead of the WASDE, with some disappointment about crop ratings. Brad Kooima, Kooima Kooima Varilek has more.
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Row crops close higher pricing in yield cuts in the WASDE, with contract lows in wheat. Feeders make all-time highs with live cattle trying to follow. Is the dollar index topping? Shawn Hackett, Hackett Financial Advisors has analysis.
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Grains are mixed on report squaring with lower yields expected, while SRW wheat makes new contract lows with Russia export pressure. Feeders make all-time highs and pull fed futures, while hogs bounce off trendline support with the help of higher cutouts. Kent Beadle, Paradigm Futures, has more.
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Row crops up on report positioning on lower yield ideas, wheat hits contract lows technical selling and rain chances in winter wheat areas. Cattle extend gains after a higher week last week, while hogs see short covering. Randy Martinson, Martinson Ag has more.
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How much will USDA lower corn and soybean yields in the September WASDE? Chip Nellinger, Blue Reef Agri-Marketing has a preview.
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The U.S. dollar index hits 6-month highs. What does that mean for ag commodity markets. Darren Frye, Water Street Solutions, has the answer.
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Row crops bounce Friday but are lower for the week on fund selling and profit taking ahead of the holiday, plus weather. Wheat ends lower Friday and for the week, hitting contract lows. Cattle fall on fund selling and cash disappointment, with a bounce in hogs. Chuck Shelby, Risk Management Commodities, has more.
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Grains mostly higher seeing corrective buying and soybean export biz but watching weather and Black Sea war news. Cattle see fund selling on disappointing cash, hogs bounce with higher cutouts. Vince Boddicker, Farmers Trading Company, has details.
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Grains are oversold and bounce on corrective buying with new money and a new month. Live cattle see some consolidation with steady cash in the south, lower in the north and hogs also set back with the lower index. Scott Varilek, Kooima Kooima Varilek has more.
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Grains slide into the end of the month and pre-holiday with technical selling and positioning but a chance of rain in the southern corn belt also weighed on the markets. Cattle traded 2-sided but recovered after steady cash broke at $179 in the south, while hogs saw fund liquidation with lower cash. Chip Nellinger, Blue Reef Agri-Marketing has more.
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Soybeans lower, corn 2-sided and wheat mixed with end of the month and pre-holiday profit taking and positioning the main driver, although exports were poor except new crop soybeans. What will it take to keep soybeans above $14 and get corn back above $5. Cattle and hogs have traded 2-sided as well, while cattle also await cash direction. DuWayne Bosse, Bolt Marketing, has more.
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Grains open mixed and then slide on weather, technical and commercial selling end of month, plus poor export demand which is indicated by the spreads and basis. Cattle and hogs and even the dollar index continue choppy and sideways. So where are those markets headed? Darin Newsom, Barchart Sr. Market Analyst has details.
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Row crops set back on end of month and pre-holiday profit taking plus a little change in the extended weather. Wheat ended mixed but is Chicago wheat forming a bottom yet? Where is the cotton markets headed? And cattle also see profit taking ahead of cash, with short covering in hogs. Darren Frye, Water Street Solutions, has details.
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Corn and beans lose early strength on a little shift in the weather forecast and end of month profit taking. Cattle are also seeing some consolidation end of month, awaiting cash direction. Short covering has pulled hogs back higher despite lower cash and cutouts but with weights dropping there is longer term optimism. Jeff Hoogendoorn, Professional Ag Marketing, has more.
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Row crops bounce slightly on hot dry extended weather, yield concerns and soybean export biz, with wheat mixed. Cattle see more profit taking and fund selling, hogs struggle with bigger supplies, lower seasonals. Kent Beadle, Paradigm Futures has more.
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Grains end lower with technical and fund selling pressure and better-than-expected crop ratings on corn and soybeans. Cattle end mixed consolidating after the chart breakout and contract highs in feeders Monday, with hogs sliding on growing upfront supplies. Arlan Suderman, StoneX, has details.
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Corn and soybeans lower on profit taking and better than expected crop ratings, with new contract lows in wheat. Livestock rebound after a mostly lower opening putting in some weather premium and with fund buying. Randy Martinson, Martinson Ag has details.
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Cattle see profit taking after a chart breakout and new contract highs in feeders Monday. Hogs consolidate but are they close to a low? Grains lower with profit taking and better than expected crop ratings, despite fresh soybean and meal export business. Brad Kooima, Kooima Kooima Varilek has details.
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Corn and soybeans end higher on weather and yield concerns after the Pro Farmer crop estimates and with new export biz. Wheat sells off ahead of first notice day. Cotton also struggles, but livestock stage a strong rally. John Payne, Hedge Point Global Markets breaks it down.
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Soybeans and corn higher putting in late season weather premium with the lower Pro Farmer yields and new export biz. Technical selling and talk of Russia coming back into the Black Sea grain deal weighing on wheat. Cattle mixed following steady to lower cash but higher cutouts, hogs continue to slide. Tomm Pfizenmaier, Summit Commodity Brokerage has details.
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Grains close mixed on Friday with corn lower, but soybeans higher building in weather premium and in anticipation of the Pro Farmer crop estimates. Corn yield was lowered to 172 bpa, production to 14.96 bb, soybean yield was cut to 49.7 bpa with production at 4.11 bb. Pro Farmer editor Brian Grete talks about how the tour influences their cuts and what it means for ending stocks and prices.
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Grains higher on fund buying, weather and even wheat got a spark from news of India importing wheat. Cattle recovered ahead of the bullish COF with higher cutouts and Sept. milk had a bullish chart breakout. Bryan Doherty, Total Farm Marketing has analysis.
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Grains rally midday on technical buying getting above key resistance on corn and beans and eyeing gap areas. However, weather, positioning ahead of the crop tour and geopolitical concerns are also factors. Cattle reverse and see short covering pre-COF and with higher cutouts, hogs extend gains. Jim McCormick, AgMarket.Net has more.
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Grains higher on technical buying and the hot, dry weather, plus a 4.4 mb sale of new crop corn to Mexico and Black Sea geopolitical concerns. Cattle futures take out major chart support with sloppy cash and ahead of the COF report but how more downside risk is there? Hogs see follow through buying. Scott Varilek of Kooima Kooima Varilek has more.
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Soybeans and corn end higher on technical bounce and hot dry weather but how much recovery can we expect? Wheat sees weak technicals and demand. Cattle down for the 5th day as funds liquidate and with weaker cash, while hogs bounce on the discount to the index. Don Roose with U.S. Commodities has details.
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Soybeans higher on hot dry weather and better new crop exports, corn tries to follow but fights lower wheat with more technical selling. Cattle continue to see fund selling with steady to lower cash, hogs bounce. Mark Schultz, Northstar Commodity has more.
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Grains mixed early with soybeans trading the hot dry forecast and strong new crop exports, corn is trying to follow despite a lower wheat. Cattle look tired, while hogs try to bounce with better exports. Global and China economic concerns continue to be a concern for commodity markets. Mike Zuzulo, Global Commodity Analytics has more.
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A risk off day causes selloffs outside and commodity markets on bearish U.S. and Chinese economic news. Better than expected crop ratings also hit corn and beans and corn closed below the July low. Wheat saw more technical selling, while livestock also got caught up in the broad-based fund liquidation. Allison Thompson, The Money Farm explains.
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A risk off day in outside markets on some bearish U.S. and China economic news and that includes a pull back in energy markets. What is the price outlook on crude oil, diesel and even propane and natural gas heading into harvest? John Wenzel with StoneX Group provides insight.
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Cattle lower with risk off in outside markets on China economic news and lack of bullish news. Hogs see bull spreading with the discount to cash. Grains lower with risk off day and better than expected crop ratings. Dec corn takes out the July low. Brad Kooima, Kooima Kooima Varilek has details.
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Grains mixed with soybeans supported by weather and export biz, corn fractionally higher after Dec bounced off the July low of $4.81. Wheat sees technical selling with poor export inspections and a higher dollar, fading war news again. Cattle and hogs lower on fund selling and seasonal pressure. Kent Beadle, Paradigm Futures has more.
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Soybeans higher on extended weather and export biz, with corn pulled down by wheat, technicals and higher production ideas. Wheat still digesting bigger ending stocks and poor demand. Profit taking in crude oil. Cattle consolidating awaiting cash direction, with hogs lower following cutouts. Randy Martinson, Martinson Ag has details.
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Soybeans up on weather and export biz, corn down with wheat and on poor technicals after the reversal Friday, weekend rains and higher yield ideas. Cattle consolidate despite steady to higher cash, hogs seasonally slide. Mike Minor, Professional Ag Marketing has more.
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Grains fall after the USDA cut corn and soybean yields and ending stocks, partially because yields could get bigger with recent rains but also FSA acreage data came out at noon. Wheat fell with higher ending stocks and Ukraine production. Cotton closed higher with a cut in supply and carryover. What about cattle? Alan Brugler, Brugler Marketing covers it all!
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Grains mixed with muted reaction following the USDA report even after yield, production and ending stocks cuts in corn and beans. Wheat was slightly negative with an increase in carryover. Jim McCormick of AgMarket.Net says he thinks soybean yields will likely go up moving forward and corn yield cuts will continue to be met with cuts in demand keeping ending stocks over 2 billion.
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Grains drift ahead of the reports but what are the fundamentals telling us about supply and demand? Crude oil makes 4 months highs will it keep rallying? What does the CPI and PPI data mean for the Fed? Darin Newsom, Barchart, has the answers!
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Grains saw some short covering ahead of the report and its and important one. Ted Seifried, Zaner Ag Hedge explains USDA's methodology and what the trade is expecting. We also talk about the August CPI and if the cattle market can continue to hold together in the face of weakening seasonals.
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Grains bounce pre-report and with improving exports, but will USDA punt or not on yields? Cattle continue to correct with firmer cash ideas, while hogs see seasonal weakness in cash and cutouts. Kent Beadle, Paradigm Futures has more.
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Grains pop ahead of the USDA Report and with better exports. Cattle trade mostly higher awaiting cash but higher beef prices are supportive, while hogs slide with seasonally lower cash. Scott Varilek, Kooima Kooima Varilek has details.
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Corn and wheat see technical selling ahead of WASDE and with lack of war news. Soybeans start strong with China export biz but rains pull prices off highs. Cattle recover with product strength, hogs follow the lower cash index. Dave Chatterton, Strategic Farm Marketing has more.
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Corn and wheat see technical selling with poor demand and ahead of the WASDE. Soybeans firm after holding support and with China biz. Cattle up following higher beef values and cash ideas, hogs fall with cash index. DuWayne Bosse Bolt Marketing has more.
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Soybeans higher with 9.2 mb of China export biz and after yesterday's reversal and hold support above the 100-day MA, wheat sets back on technical selling, with corn caught in the middle. Markets also positioning ahead of the WASDE. Cattle recovering with higher cash ideas and higher boxed beef values, while hogs see profit taking despite the discount to the index. Chuck Shelby, Risk Management Commodities, has details.
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Grains close quietly higher with a dead cat bounce after holding support areas and going into the WASDE. Cattle correct with risk off in outside markets and despite near record high cash. Hogs end mixed in topping action? Brad Kooima, Kooima Kooima Varilek has more.
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Funds sell in the soybean complex after good weekend rains but hold the 100-day MA, corn follows, but is supported by wheat which was higher putting back in some war premium. Cattle see profit taking and hedge pressure, hogs bounce. Vince Boddicker, Farmers Trading Company has details.
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Funds selling in the soybean complex with weekend rains, wheat puts in some war premium, corn caught in the tug of war. Cattle consolidate after new highs and despite higher cash, hogs recover after a lower week. Randy Martinson, Martinson Ag has more.
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Soybeans plunge on weekend rains; wheat is mostly higher on Black Sea war news with corn 2-sided caught in the middle. Corn & bean export biz failing to support. Live cattle consolidate after higher cash Friday, feeders make some new highs with softer corn. Kevin Duling, KD Investors has more.
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Corn and beans see a dead cat bounce Friday but are both lower for the week and so is wheat as fund sold and took out weather and war premium. Cattle see a strong close Friday and for the week with some limited but higher northern cash. Hogs have a lower weekly close, so is that confirming a top? Mark Schultz, Northstar Commodity has more.
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Grains higher on short profit taking, geopolitical concerns but still playing the weather card. Cattle supported by higher cash tone, milk futures higher but is $20 milk in the cards? Bryan Doherty, Total Farm Marketing has the outlook.
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Grains up on renewed geopolitical concerns as Ukraine damages a Russian export port, corrective buying after a lower week and oversold conditions, but still eyeing weather. Cattle are higher with steady to higher cash in the North. Hogs rolling over. Chip Nellinger, Blue Reef Agri-Marketing has more.
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Corn down for the 8th day on fund selling, lower wheat and poor exports. Soybeans bounce off support with meal, holding some weather premium. Cattle stage nice recovery on rising cash bids, hogs collapse. Scott Varilek, Kooima Kooima Varilek has details.
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Corn and wheat lower with technical selling, slow demand and easing global supply issues. Soybeans bounce off support with better export news and higher meal. Cattle trying to recover awaiting cash, while hogs see more profit taking and topping action. Vince Boddicker, Farmers Trading Company, has details.
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Grains mixed with soybeans bouncing off chart support with the help of strong new crop weekly exports and a 4.9 mb new crop sale to China. Corn and wheat continue to see technical selling and disappointing exports. Cattle started lower but quickly found support. Stock indexes and crude oil took a break yesterday, but what is the long-term outlook? Darin Newsom, Barchart has details.
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Commodities were all lower on Wednesday in a risk off day in outside markets, including a higher dollar. Plus, bearish weather had funds selling hard and fading news of more Ukraine port damage. Charts got beat up for corn and soybeans, but cattle in an uptrend. Matt Bennett, AgMarket.Net has analysis.
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A risk off day in outside markets due Fitch downgrading U.S. debt has grain, cotton and livestock lower, weather is bearish and funds are selling as chart support is violated. That is also trumping news of Russia damaging a port on the Danube River and reversing overnight gains. John Payne, Hedge Point Global Markets has more.
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A risk off day in grains w/rains falling and more in the forecast. That's trumping new port attacks on the Danube River. What's that mean for basis levels and livestock producers? Cattle and hogs also consolidate, despite lower feed prices. Nick Tsiolis, Farmers Keeper has more.
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Soybeans roared back into the close with the help of products, while corn and wheat were mostly lower on fund selling, weather, removing war premium and the higher dollar. Cattle had a strong close bouncing off support and with help from higher product values and cash ideas, hogs reversed lower on profit taking. DuWayne Bosse, Bolt Marketing has more.
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Grains turn lower despite lower crop ratings with technical or fund selling, seasonal weakness, more favorable weather and the higher dollar. Cattle bounce after holding chart support yesterday and with product values sharply higher, hogs reverse after new highs for the move. Ted Seifried, Zaner Ag Hedge has details.
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Cattle bounce as cash ideas turn higher and after futures closed well off the lows yesterday. Hogs see profit taking in all but the August contract which made new highs for the move. Soybeans bounce after lower crop ratings, corn flat. So have the grains removed too much weather premium? Brad Kooima, Kooima Kooima Varilek has more.
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Grains had a tough down day with end of month profit taking by funds, positioning on first notice day and markets removed weather premium with rains over the weekend and better extended forecasts. Wheat also extracted war premium. Live cattle slide with disappointing cash, while feeders bounced with lower corn and hogs consolidated month end as well. Tomm Pfitzenmaier, Summit Commodity Brokerage has details.
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Grains under pressure seeing end of month positioning, funds are selling and removing more war and weather premium on improved extended forecasts. Soybeans ignore China export biz. Live cattle lower working in softer cash, hogs consolidate end of month. Randy Martinson, Martinson Ag has more.
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Grains lower still removing weather & war premium, ignoring the 4.85 mb new crop beans to China. Live cattle lower with sloppy and limited cash, hogs consolidating. Kent Beadle, Paradigm Futures has more.
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Grains end lower as funds sell removing weather premium. Corn and soybeans do chart damage and have lower weekly closes. Wheat ends higher for the week still holding some war premium. Cattle supported by lower corn and higher cash bids but post lower weekly closes. While the cash index keeps pulling along hog futures and August has a chart breakout. John Heinberg, Total Farm Marketing has analysis.
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Grains lower on fund selling and removing weather premium, but still sensitive to changing forecasts and Black Sea war news. Cattle higher as feedlots hold out for higher cash and softer corn supports feeders. Hogs still pushed by the rising cash index and August has a chart breakout. Scott Varilek of Kooima Kooima Varilek has the summary.
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Grains lower on profit taking and removing weather premium with better extended forecasts, plus a lack of fresh war news. Soybeans are fading the 33.4 mb of export biz. Cattle mixed with lower feed prices and a rebound in equities, awaiting cash. Allison Thompson with The Money Farm has details.
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Corn and beans lower on profit taking and a better August forecast. Wheat mixed waiting for fresh war news. Live cattle further consolidate waiting for cash direction. Hogs mostly lower so is the seasonal rally over? Rich Nelson, Allendale has more.
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Corn and beans lose early strength on profit taking, weather and the stronger dollar. That is also weighing on cotton. Wheat is mixed awaiting fresh war news. Cattle trying to rebound with lower corn but await cash direction. Will cattle see a bigger correction soon? Shawn Hackett, Hackett Financial Advisors has details.
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Grains lean higher with beans hitting new contract highs in August on strong demand, China export biz, expanding drought. Will soybeans be able to hold up corn and wheat? Cattle 2-sided watching corn and awaiting cash, while hogs are still seeing seasonal strength with strong cutouts and China hopes. Mike Zuzulo, Global Commodity Analytics has more.
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Grains close mostly lower with profit taking after the big rally Monday, but markets have an eye on weather and Black Sea developments. Cattle consolidate in a healthy correction, hogs pushed by strong cash and cutouts but are into chart resistance. Garrett Toay, AgTraderTalk has details.
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Grains see profit taking with a slight change in the weather and a quieter Black Sea news day, but markets may have enough risk premium for now. Cattle continue to correct technically despite bullish fundamentals. Hogs pushed by cash and product but will August take out resistance on the charts? Jeff Hoogendoorn, Professional Ag Marketing covers it all.
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Cattle seeing more profit taking and long liquidation despite lower corn, higher boxed beef and strong cash. Hogs bounce with lower corn and higher cash and cutouts. Grains lower on profit taking, hedge selling, news Ukraine grain barges are being loaded and a slightly better extended forecast. Brad Kooima of Kooima Kooima Varilek has details.
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Grains end sharply higher with limit up moves in wheat putting in risk premium on the escalating Black Sea war and hot dry weather. How high will prices run? Cattle see profit taking with higher corn and a bearish Cattle on Feed placements number. Hogs consolidate. Oliver Sloup, Blue Line Futures has details.
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Grains sharply higher with hot dry weather and Russia attacking a Ukraine grain facility on the Danube River. Plus China bought 4.4 mb of U.S. new crop soybeans. Cattle set back with higher corn and sorting through the Cattle on Feed and Cattle Inventory reports. Hogs open higher, then turn mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
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Grains mostly lower except old crop soybeans on profit taking & hedge selling. Grains had a higher but volatile week trading war and weather headlines but what's next? Dow hits new highs for the year. What does mean for money flow into the ag commodities? Tommy Grisafi, Advance Trading shares insight.
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Corn and wheat continue lower on profit taking, despite tensions in the Black Sea. Soybeans are off lows with higher bean oil and watching weather, but Nov needs to hold $14. Cattle 2-sided seeing profit taking ahead of reports and despite higher cash again today. Hogs also consolidate. DuWayne Bosse, Bolt Marketing has more.
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Grains mostly lower early on profit taking and a slight improvement in extended weather but we're off lows. However, grain markets should be well supported with the escalation of the Black Sea war impacting grain supplies. Cattle rebound with higher cash, while hogs continue to see support from the rising cash index and higher cutouts. Chuck Shelby with Risk Management Commodities covers it all!
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Grains end mixed with wheat slightly higher still chasing Black Sea headlines, while corn and beans end lower on profit taking, hedge selling. Cattle make new highs then crash despite higher cash at $180 in south and $188-$191/$295 in north. DOW soars but how far and what impact will it have on ag commodities? Darin Newsom, Barchart, has analysis.
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Grains two-sided with profit taking and hedge pressure being offset by weather and global supply concerns. Live cattle making new highs awaiting cash then crash.Hogs pushed by a rising index with Aug above $100 and strong technicals. Mike Minor, Professional Ag Marketing.
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Grains mixed with some profit taking, hedge selling, slow exports and shrinking drought being offset by weather and war concerns. Cattle higher with the softer corn and higher cash, strong exports and bullish report ideas, with the cash index also pushing hogs. Scott Varilek, Kooima Kooima Variilek has more.
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Grains have a higher close led by wheat adding risk premium tied to war and weather. Dec corn closes above the 100 day MA, Nov soybeans above $14 and wheat with double digit gains. How high do prices project? Live cattle hit more contract highs with higher cash ideas. Milk futures were soft but have they bottomed? Bryan Doherty, Total Farm Marketing.
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Grains higher with hot dry extended forecasts and Russia again attacking Ukraine ports, saying any ship will be considered military. How high will prices go after taking out resistance on the charts? Cattle fall with higher corn, while hogs correct. Randy Martinson, Martinson Ag.
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Grains sharply higher putting in war and weather premium. Corn and soybeans take out critical chart resistance. Cattle and hogs set back with higher corn and meal, despite strong cash. Vince Boddicker with Farmers Trading Company has more.
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Grains close higher putting in weather premium on hot dry extended forecasts but also some war premium after Russia attacked the Odessa port. How high will prices go? Live cattle have an impressive day with higher corn and lower feeders. While hogs consolidate. Brad Kooima, Kooima Kooima Varilek has details.
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Corn and wheat ended lower with profit taking, even after news the Black Sea Grain Deal is done. Soybeans were supported by weather and higher meal and talk of China biz. Live cattle consolidated under contract highs awaiting cash and reports, with feeders supported by weaker corn. Hogs mostly lower with a sense the cash market top is near. Brian Grete with Pro Farmer has details.
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Corn and wheat fade the news of Russia not extending the Black Sea Grain deal, seeing some profit taking and farmer selling. Meal, weather and China export talk support soybeans. Cattle continue firm with higher cash ideas and hogs supported by the higher cash index. Kent Beadle, Paradigm Futures has details.
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Grains open higher on weather, China soybean export talk and the end of the Black Sea Grain deal but then the market fades. Cattle mixed after new highs in live cattle on Friday on higher northern cash, but can feeders need to take last week's highs or they may be signaling a top. Kevin Duling of KD Investors has details.
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Grains close mostly higher Friday and for the week shaking off the bearish WASDE, so what is it saying about the market? Focus on weather, yield, Black Sea Grain Deal and falling dollar. Live cattle rebound into new contract highs with higher cash @ $290-$292/$186 in the north, hogs consolidate. Jim McCormick, AgMarket.Net has more.
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Soybeans setting back on profit taking, lower bean oil and disappointment about lack of China export biz confirmation. Corn and wheat still higher on weather and uncertainty about yield and the Black Sea Grain Deal. Cattle power back and could negate Wednesday's poor technical day. While hogs consolidating before the next leg up? Ted Seifried, Zaner Ag Hedge has analysis.
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Grains are mostly higher on follow through fund buying, with weather and uncertainty on the Black Sea Grain Deal supportive. Do yields need to come down more? And when should farmers be looking at locking in basis or livestock producers locking in feed needs? Nick Tsiolis, Farmers Keeper has answers.
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Grains close higher on a corrective bounce with the lower dollar, still digesting the report, watching weather and debating yield. Cattle continue to consolidate after the reversal but is a bigger correction coming? Hogs bounce with higher cash. Naomi Blohm, Total Farm Marketing has details.
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Grains see a corrective bounce with help from outside markets like the lower dollar, but still digesting the WASDE data and watching weather. Cattle confirm the reversal with follow through selling, but will it dampen cash? Hogs bounce on higher cash and China hopes. DuWayne Bosse, Bolt Marketing has more.
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Grains higher on corrective buying after the selloff in reaction to the WASDE, but dryness concerns and a lower dollar are supportive. Hogs bounce with China hopes, but cattle are seeing follow-through selling, so was Wednesday a blow off top? Scott Varilek of Kooima Kooima Varilek has the answer.
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Grains end lower after the USDA Report with a bearish soybean ending stocks number which pulled down corn and wheat. USDA lowered corn yield by 4 bpa which offset higher acres so ending stocks were nearly unchanged from June. Have soybeans topped and how low does corn go? Wheat production was raised leaving ending stocks 30 mb higher. Cattle and hogs reversed to end lower despite lower feed prices which was negative. Chip Nellinger, Blue Reef Agri-Marketing has analysis.
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Grains sell off post WASDE with the bulls disappointed in a 300 million bushel ending stocks figure, corn yield was cut 4 bps so ending stocks saw little change from June, while U.S. wheat numbers were slightly bearish. Brian Splitt with AgMarket.Net breaks it down.
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Grains mostly higher with report positioning and spillover from a friendly CPI number, which is supporting the outside markets with crude oil higher and the dollar lower. That is also helping hogs and live cattle are making new highs again. Allison Thompson, The Money Farm, has details and what to expect and look for in today's WASDE.
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Grains end higher on weather, pre-report positioning with bullish soybean expectation and talk of China buying 10-14 cargos of new crop beans. Plus, risk on in outside markets and crop concerns supported wheat. Cattle end higher making contract highs in the back months with continued tight supplies and strong cash, while hogs continue to see strong demand through higher cash and cutouts. Arlan Suderman, StoneX Group has details.
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Grains mostly higher on weather, anticipation of a bullish report for soybeans and talk of China soybean biz. and that is pulling up corn and wheat. Outside markets are also positive. Cattle continue to be supported on breaks, with hogs pushed by higher cash and cutouts. Tomm Pfitzenmaier, Summit Commodity Brokerage.
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Grains are higher on weather and report positioning and higher corn is weighing on cattle today as well as lower boxed beef. Cash cattle trade was strong to end last week so does that momentum continue with as current as feedlots are in the north? Hogs back higher pushed by the cash index, but the market may have topped with last week's reversal. Brad Kooima, Kooima Kooima Varilek has details.
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Corn, soybeans and products end higher on profit taking, report positioning and drier extended weather. Wheat mixed on spreads and with crop concerns for spring wheat. Cattle bounce, while cotton falls ahead of report. Shawn Hackett, Hackett Financial Advisors has details.
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Grains mostly higher except wheat. Soybeans and products lead on drier extended weather forecasts, corrective buying and pre-report positioning. Will USDA lower yield this soon? Cattle and hogs trade mixed. Randy Martinson, Martinson Ag has more.
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Grains higher with disappointing weekend rains and corrective buying, but soybeans are also supported by strong product values which is spilling over into wheat. Cattle set back on profit taking and lower boxed beef. While the dollar was down last week despite talk of additional interest rate hikes, so what clues is it providing about the economy? Darin Newsom, Barchart Sr. Market Analyst, has more.
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Grains slide lower on Friday with more favorable weather and ideas of improving crop conditions but also awaiting supply direction from the WASDE including possible yield cuts. November soybeans closed below the level on the bullish report day. So how concerning is that? Cotton closes higher but the market is still rangebound. Cattle post a strong recovery with lower corn, strong exports and steady to higher cash in the north. Darren Frye, Water Street Solutions has details.
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Grains are drifting lower with more favorable extended weather, sluggish exports and awaiting direction from the WASDE. Will USDA make yield adjustments? Cattle bounce with lower corn, while hogs consolidate. Joe Vaclavik, Standard Grain has analysis.
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Despite some corn business to Mexico, grains are mostly lower early on with better weather and pre-report positioning. So, what will USDA do with yield in next week's WASDE? Cattle see a technical bounce with lower corn while profit taking pressures nearby hogs. Jim McCormick, AgMarket.Net has details.
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Corn ends higher, soybeans lower with profit taking and correcting spreads and the corn/bean ratio, plus determining the balance sheets ahead of the WASDE. Wheat is a follower. Cattle consolidate and confirm reversals with steady to $1 lower cash in the south at $178, but is the rally over? Hogs also see spread unwinding after pushing nearbys to new highs for the move on strong cash and cutouts. Dave Chatterton, Strategic Farm Marketing has more.
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Corn higher, soybeans lower correcting spreads and the corn/bean ratio and working in drought concerns. Cattle further consolidate but cash still holding steady and the bull market isn't over. Nearby hogs clear $100 and are $27 to $30 off contract lows, so will the buying spree continue? Scott Varilek, Kooima Kooima Varilek has analysis.
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Corn higher, soybeans lower, wheat mixed to start. There is some spread trade and the market has factored in acres and weather and is now trying to gear up for the next WASDE report which may give us a look at yield and ending stocks. Is the cotton market ready to break out of its sideways pattern? Cattle correct for a second day. Shawn Hackett, Hackett Financial Advisors has more.
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Wheat rallies sharply with a corrective bounce, weather and harvest concerns, plus a threat on Ukraine's nuclear plant. Row crops hold slight gains still factoring in weather and acreage shifts. Profit taking and hedge pressure hits cattle after new highs, while hogs push higher following strong cash and cutouts with improved demand. Don Roose, U.S. Commodities has details.
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Wheat is the price leader on dryness concerns in spring wheat areas and slow HRW harvest. Corn makes new lows for the move and soybeans fade seeing profit taking after hitting resistance and with rains the last 24 hours and more in the forecast. Feeders make contract highs as corn weakens, while live cattle consolidate and hogs make new highs for the move on cash and cutout strength. Mark Schultz, Northstar Commodity has more.
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Soybeans end higher working in the acreage shock but off highs with profit taking. Corn and wheat end lower. So where do the markets go from here and will rains stop the yield loss in corn? Feeders make contract highs, while live cattle see profit taking. Bull spreading continues in hogs. Chip Nellinger, Blue Reef Agri-Marketing has details.
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Soybeans ended sharply higher with USDA showing a game changing 4 million less acres. So where does that put ending stocks and prices? Corn picked up another 2 million acres so will that be offset by yield? Wheat acres and stocks tightened but does it mean much with poor demand? And cattle soared on the lower corn. Matt Bennett with Ag Market.Net has analysis.
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USDA reports held a bullish surprise for soybeans with around 4 million less soybean acres and lower stocks, with a bearish surprise in higher corn acres. Wheat saw slightly lower acreage and stocks verses expectations. What does it mean for prices? John Heinberg, Total Farm Marketing has details.
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Grains higher on corrective bounce, positioning ahead of reports and assessing storm damage and weather. What will the market trade today with all those factors? Live cattle supported by steady cash in the north, feeders down with higher corn, hogs work in bearish report numbers. Randy Martinson, Martinson Ag has details.
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Corn had an ugly technical day removing weather premium, but is it warranted? Soybeans bounced led by July ahead of first notice day and the quarterly stocks report. Wheat is following corn and seeing poor demand. Cattle bounced with lower corn and fund buying, hogs mixed pre-report. Rich Nelson of Allendale.
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Corn under pressure with rains falling today, while soybeans bounce off retracement ahead of the reports. Cattle bounce after a weaker start on lower corn and light fund buying but softer cash. So does the market trade sideways for a while? Hogs consolidate ahead of the report and may have put in a short term top. Scott Varilek of Kooima Kooima Varilek.
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Grains try to firm up after corn and beans hit retracement levels and drought expands but fight rains on the radar and the forecast and reports. So have the markets taken out too much weather premium? Cattle start firmer then fade with higher corn and profit taking. Hogs also consolidate before the report. DuWayne Bosse with Bolt Markets has more.
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Grains continue to implode with fund liquidation and profit taking due to better rain chances but also end of quarter and heading into reports. Corn takes out major moving averages. Cattle impress with lower corn, shaking off softer cash and cutouts. Hogs mixed preparing for the report but will the cash, product rally fade after Prop 12 buying stops? Jeff Hoogendoorn, Professional Ag Marketing has details.
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Grains end sharply lower despite the lowest crop ratings on corn and beans since 1988. Funds took profits with rain in the forecast, end of quarter and USDA reports coming up. Cattle had a nice bounce so has the market finished its correction and are hogs near a top after the big rally? Alan Brugler, Brugler Marketing has analysis.
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Grains lower ignoring lower crop ratings as funds take profits with forecasted rains, EOQ and going into USDA reports. Cattle surge on lower corn, while hogs are mixed but may be close to a top. Chuck Shelby, Risk Management Commodities has more.
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Cattle higher with the lower corn and a short covering bounce but will it hold with cash expectations lower this week? Hogs see some profit taking heading into the Hogs/Pigs Report. Gap lower openings in grains with rain in the forecast but $5.60 may be a good place to buy Dec corn for livestock producers. Brad Kooima, Kooima Kooima Varilek has insight.
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Soybeans higher following products, corn and wheat mixed chasing Russia headlines, weather, big reports and with first notice day, end of quarter of Friday. Cattle correcting after COF, lower cash and beef. Hogs strong helped by cash. John Payne, Hedge Point Global Markets has details.
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Grains turn mixed midsession. Wheat saw early strength on Russia war headlines but faded after poor export inspections. Corn is trying to determine how helpful weekend rains were, with soybeans pushed by soybean oil. Markets may be seeing report positioning. Cattle pull back on the COF and lower cash ideas, while strong cash supports hogs. Kent Beadle, Paradigm futures has more.
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Grains mostly higher except Dec corn as the markets try to assess the weekend rains and forecast ahead, plus upcoming crop ratings and reports. Wheat is seeing short covering, but political uncertainty in Russia over the weekend with the Wagner Group is also supportive. Cattle set back after the COF with lower beef and cash values. Hogs see fund buying with stronger fundamentals. Outside markets are mixed. Darin Newsom with Barchart has more.
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Grains end lower with fund selling and profit taking on better rain chances and risk off. So what yields is the market trading? Wheat ends higher for the week so what's brewing? What's the next move for cattle? Hogs post a lower weekly close, so is that market topping? Mike Zuzulo, Global Commodity Analytics has the answers.
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Grains continue lower with profit taking and hedge selling with improved rain chances, but corn and wheat exports were also poor. Cattle recovering with lower corn , tight supplies and after holding key chart support Thursday, despite lower cash. Market is awaiting the Cattle on Feed Report. Kevin Duling of KD Investors.
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Grains rally on weather, big drop in crop ratings and subsoil moisture levels, plus fund buying. Corn, soybeans, even KC wheat close above key chart areas so how much upside is there? Cattle consolidate with higher corn but is there much downside risk? And hogs see some profit taking with higher meal. Tomm Pfitzenmaier, Summit Commodity Brokerage has details.
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Grains continue to put in weather premium, with the drop in crop ratings and fund buying. How high will the market go to price in the lower yield? Cattle continue to consolidate but how much more will prices drop? Hogs see profit taking after a $20 rally off the lows and with higher meal. Vince Boddicker, Farmers Trading Company has more.
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Grains gap higher on drop in crop ratings and fund buying, only bean oil is lower on the disappointing EPA RFS proposal. Cattle consolidate with higher corn, lower cash and cutouts. while hogs see profit taking anticipating a cash peak soon and with higher soybean meal and corn. Kent Beadle, Paradigm Futures.
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Corn and beans end steady to higher trading weather, but also seeing profit taking and hedge selling when Dec corn got above $6 and Nov soybeans broke through $13.50. Wheat was mixed on spreading. Cattle consolidated and took out chart support, while hogs continued to rally pushed by cash. DuWayne Bosse of Bolt Marketing has details.
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Grains see light selling with a slight improvement in weather, profit taking and hedge selling after getting above key resistance. Cattle consolidate awaiting cash, hogs gap higher with higher cash and anticipating evidence of liquidation in the hogs and pigs report. Randy Martinson, Martinson Ag has details.
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Cattle under pressure on consolidation after a couple up days, but they should be well supported by the futures discount and calls for steady to higher cash this week. Hogs gap higher but are getting toppy. New crop corn and soybeans see light profit taking and hedge pressure with a little better weather and after getting above $6 and $13.50. Brad Kooima, Kooima Kooima Varilek has the summary.
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Grains end sharply higher on Friday and for the week on fund buying and weather concerns. If it stays dry how high will prices run and should farmers be selling? Cattle bounce but is a short term bottom in? Hogs mixed Friday but up strong for the week. Bryan Doherty, Total Farm Marketing has the wrap up.
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Grains end sharply higher on Friday and for the week on fund buying and weather concerns. If it stays dry how high will prices run and should farmers be selling? Cattle bounce but is a short term bottom in? Hogs mixed Friday but up strong for the week. Bryan Doherty, Total Farm Marketing has the wrap up.
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Grains see massive fund buying in a bull blown weather market and take out major resistance on the charts in the process. How high will price go? Cattle recover despite weaker cash and higher corn, while hogs reverse on profit taking. Darin Newsom, Barchart.
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Grains ended higher on pre-holiday fund buying, pushed by dryness/drought concerns & the bean oil rally. Corn and beans closed above key chart areas so how much higher will prices go? Live cattle rebounded after holding support and in the face of weaker cash, while hogs ended mostly higher. Garrett Toay of AgTraderTalk has more.
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Grains strong with fund buying on dry weather, Drought Monitor. Corn got above the 100 day moving average, so how high will it push? Cattle correcting but will we continue to hold chart support? Chip Nellinger, Blue-Reef Agri-Marketing has more.
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Cattle continue their technical correction, keeping an eye on cash. Hogs see more short covering with higher cash and cutouts. Grains open higher with fund buying, a dry forecast and the Drought Monitor expanding drought areas. Dec corn above the 100 day MA so how high can it go? Scott Varilek, Kooima Kooima Varilek has more.
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Grains end mostly lower on technical selling and weather, what will it take to retest Tuesday's highs? The Fed takes a pause but indicates more rate hikes coming. And profit taking and spreading continued in cattle and hogs. Chuck Shelby, Risk Management Commodities has details.
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Grains continue to see pressure on more favorable weather, technical selling after hitting resistance and wheat struggles as EU prices tumble. Cattle continue to correct ahead of cash and with spread unwinding with hogs. Allison Thompson of The Money Farm has more.
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Grains set back on better rains chances in the forecast and after hitting major chart resistance Tuesday. Is the rally justified? Cattle consolidate awaiting cash but will it keep correcting? Hogs are up but how much more upside is left? Matt Bennett of AgMarket.Net tackles all those questions.
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Cattle recover from early pressure as funds step in to defend their long position. Fund buying and crop concerns also pushed the grains early but the close is mixed after many contracts hit chart resistance. Brad Kooima, Kooima Kooima Varilek has details.
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Grains are higher on fund buying and putting in weather premium on dry forecasts, drop in crop ratings, but soy products are also pushing soybeans. Cattle consolidate with higher corn, hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
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Cattle correcting today and the top may be in short term according to Brad Kooima of Kooima Kooima Varilek. What will cash trade do this week? Has the hog rally run its course. Corn and soybeans rally on the lower crop ratings and weather, plus the rally in soybean oil, but how much upside is there?
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Corn and new crop soybeans end higher putting in weather premium but talk of yield loss is premature. Wheat ends mixed, so what's driving the market? Cattle recover and could retest highs with more record cash prices. Hogs build on the recent rally. While outside markets await the Fed announcement. Arlan Suderman with StoneX has more.
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Corn and Nov soybeans higher on weather concerns, ideas of lower crop ratings. Wheat mixed with poor demand. Live cattle rebound but will they retest the highs if cash is up this week? Randy Martinson, Martinson Ag.
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Grains are mixed early with corn and new crop soybeans getting support from dry weather and ideas of lower crop ratings. Wheat mixed. Live cattle see some short covering and with strong beef values with feeders down on higher corn and technical buying in hogs after a higher weekly close but strong cash is also supportive. Kent Beadle, Paradigm Futures.
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The WASDE showed only slight adjustments in demand but still confirmed the U.S. isn't competitive and will need a big cut in yield to overcome that. The grains turned the focus to weather and soybeans followed the rally in soybean oil. Cattle ended mixed, with some recovery in the hogs. Jim McCormick of AgMarket.Net has details.
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Corn and wheat trading lower after the WASDE with a 35 million bushel increase in new crop corn carryover, a 2 mmt increase in Brazil's corn production and 6 mb increase in wheat, but the market is more focused on a wetter forecast. Soybeans saw an increase in ending stocks of 15 mb but demand and higher soybean oil are pushing the market. Cattle continue to consolidate. John Heinberg, Total Farm Marketing.
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Corn is lower this morning with a more favorable forecast, but is also following mostly lower wheat and both are seeing report positioning, while soybeans are up with a 7.2 mb export sale and higher bean oil. Cattle and hogs try to stabilize after a couple of days of profit taking, but where do they go from here? DuWayne Bosse, Bolt Marketing has more.
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Grains end higher on weather forecast, Drought Monitor, WASDE positioning, rally in soybean oil. Cattle ended lower but did we confirm the key reversals and a top? Hogs continue to consolidate after the recent recovery. Dave Chatterton of Strategic Farm Marketing has analysis.
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Corn and soybeans mixed with bull spreading, WASDE positioning, exports and weather in play. Wheat sees short covering pricing in global supply concerns. Did cattle top yesterday with the key reversals despite record cash? Hogs consolidating after the recent correction. Rich Nelson, Allendale has details.
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Cattle open higher but are losing steam. Is the top in after yesterday's key reversals, which came despite record cash yesterday. North $300/$190-$193. Hogs consolidating with uncertainty on Prop 12. Corn lower on better forecast, poor exports while soybeans see bull spreading indicating tight old crop stocks. Scott Varilek of Kooima Kooima Varilek has details.
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A mostly lower day except old crop soybeans and meal with some commodity wide selling. Profit taking in hogs and cattle despite record highs on fed and live futures as well as northern cash ($190/$300). Weather was a little more bearish for row crops with some rain and cooler temps in the extended and less rain in HRW areas for harvest. Jeff Hoogendoorn with Professional Ag Marketing joins us from World Pork Expo.
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Corn and wheat see pressure on weather, report positioning and Black Sea headline fatigue, while soybeans are supported by meal and record China imports provide hope for business. Cattle and hogs see profit taking. That's after cattle saw record cash in NE at $190/$300. Allison Thompson of The Money Farm has details.
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Grains mixed still trading weather, position ahead of the WASDE. Soybeans are up, while corn sees profit taking and a drag from lower wheat as talks resume on Black Sea Grain deal. Live cattle make all-time highs again with some cash up to $300 yesterday in the north. Hogs consolidate after a big up day yesterday. Mark Schultz, Northstar Commodity has details.
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Row crops end higher on weather and drought concerns, but geopolitical headlines and WASDE positioning were also factors. Cattle make contract highs again with futures at a discount to record cash, hogs have recovered off recent contract lows but how much upside is left? Brian Grete, Pro Farmer covers it all.
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Grains lose momentum as rain in the forecast trumps the lower crop ratings and Ukraine news, plus there's some WASDE positioning. Cattle continue with the 9th day higher on sharply higher beef prices at noon and record cash ideas, hogs follow. Chuck Shelby, Risk Management Commodities has analysis.
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Cattle extend gains after new contract highs, strong beef and record cash, and it could be higher again this week. Hogs see short covering with funds record short. Grains see support from lower than expected crop ratings and a dam that broke in Ukraine that may impact production. Brad Kooima, Kooima Kooima Varilek has more.
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Corn and soybeans close lower trading extended weather, WASDE, exports, outside markets. Wheat supported by short covering and putting in some war premium. Cotton lower but still in its trading range, while cattle take out April highs on record cash. Shawn Hackett of Hackett Financial Advisors has details.
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Grains lose early gains watching weather, WASDE, export inspections, outside markets. Cattle make new highs presenting a hedging opportunity, with hogs consolidating. Mike Zuzulo, Global Commodity Analytics.
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Grains start higher then turn mixed watching weather, outside markets like crude oil and squaring ahead of the WASDE. However, what are cash basis levels doing on grain? Cattle break to new highs again still chasing cash and maybe a hedging opportunity. Nick Tsiolis, Farmers Keeper has more.
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Grain and livestock futures all ended higher Friday. The grains were supported by weather, outside market strength and the bull spreads were working in corn and soybeans with strong cash basis levels. Cattle made all-time highs in many live and feeder contracts on the heels of record cash trade, when will it end? And after a higher week have hogs finally turned the corner? Randy Martinson of Martinson Ag has more.
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Corn and soybeans higher on weather, corrective buying, watching outside markets and news. Live cattle make new highs pushed by record high cash. Hogs see more short covering. Vince Boddicker, Farmers Trading Company has details.
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Grains mixed early after poor weekly exports. Soybeans have been the strongest is this technical buying or are we trading weather? Cattle post more contract highs chasing sharply higher cash, while outside markets are strong following the passage of the debt ceiling deal in the Senate and jobs data. Darin Newsom with Barchart has details.
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Grains close mostly higher with technical buying and putting in weather premium on the forecast and Drought Monitor. Cattle make new highs on sharply higher cash but is it a top? And consolidation in hogs. Chip Nellinger, Blue Reef Agri-Marketing has details.
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Grains continue to see a technical bounce putting in weather premium but it could be volatile ahead. Cattle back into contract highs with higher cash bids being passed and higher boxed beef, while hogs are consolidating. Darren Frye, Water Street Solutions has details.
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Grains see a nice recovery putting weather premium back in on the forecasts and expansion of dry areas on the Drought Monitor. We also saw a technical selling exhaustion. Cattle are seeing some profit taking after contract highs and awaiting cash direction, hogs are also consolidating after two big up days. Scott Varilek of Kooima Kooima Varilek has details.
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Grains ended mixed and off lows after the early fund selloff due to macro economic concerns and weather. Is the selling over? Cattle make more new contract highs, while hogs extend gains on end of month short covering. Oliver Sloup, Blue Line Futures wraps up the day.
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Grains off lows but still seeing fund selling pressure from the macroeconomic sell off in commodities, but also a wetter extended forecast. Livestock are mostly higher extending gains from yesterday and awaiting cash direction. Joe Vaclavik with Standard Grain has more.
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Grains continue to see fund selling with a bearish macro-economic and demand climate. Soybeans and wheat making new lows for the move, but where do we find support? Live cattle see end of month profit taking, with short covering in hogs. Dave Chatterton of Strategic Farm Marketing has analysis.
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Grains end sharply lower on profit taking, removing weather premium and with a risk off day in outside markets. Live and feeder cattle make new highs on fund buying and strong cash and cutouts, plus lower corn. Several hog contract have limit up moves on short covering. Ted Seifried, Zaner Ag Hedge has details.
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Grains are setting back on profit taking and removing weather premium, with lower crude oil prices a drag. Cattle make new highs with higher cash and cutouts and a debt ceiling deal, while hogs are seeing limit up moves on short covering. Kent Beadle with Paradigm Futures has more.
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Cattle are making new highs again with lower corn, higher cash ideas and debt ceiling discussions moving forward. Hogs are seeing a corrective bounce. Grains under pressure taking out weather premium and with negative outside markets like the crude oil. Brad Kooima of Kooima Kooima Varilek has more.
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Grains ended higher Friday and for the week. What will it take beyond weather to keep the rally going and is the rally a gift farmers need to be selling? What's ahead for interest rates? Tommy Grisafi with Advance Trading has analysis.
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Grains putting in weather premium ahead of the holiday but what will it take to keep going? Live cattle hit more new highs with strong cash and cutouts but what's it going to take to bottom the hog market? Ted Seifried, Zaner Ag Hedge has the answers.
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Grains strong putting in weather premium and positioning ahead of the holiday. Follow through buying in live cattle after contract highs with higher corn pressing feeders. And demand concerns especially tied to Prop 12 are pulling hogs into contract lows again. Mike Minor of Professional Ag Marketing covers it all!
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Grains end mixed seeing pre-holiday positioning/profit taking, eyeing weather, exports, debt ceiling talks. Cattle were 2-sided but ended higher and made contract highs on higher cash, contract lows in hogs. Alan Brugler, Brugler Marketing has details.
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Grains are mixed with pre-holiday positioning and short covering in the case of wheat, plus trading weather and poor weekly exports. Cattle see profit taking and hedge pressure after hitting contract highs, hogs hit contract lows. DuWayne Bosse of Bolt Marketing has details.
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Cattle open strong with more new contract highs in fed and feeders following higher cash trade, but keeping an eye on debt ceiling talks. Hogs gap lower into contract lows again. Grains are mixed with corn up slightly on weather and despite poor exports. Soybeans have been a reluctant follower. Scott Varilek, Kooima Koomia Varilek.
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Grains ended mixed with corn rallying on dry weather but how much weather premium does the market need to put in? Soybeans couldn't follow after failing technically. Rains in the South weighed on both wheat and cotton. Cattle scored more contract highs with steady to higher cash, while hogs hit new lows. Darren Frye of Water Street Solutions has analysis.
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Grains are trading weather, but how much weather premium do corn and soybeans need to put in? And is the wheat market taking too much premium out? Cattle trade higher on tight supplies and higher cash at $171 in the south. Steve Freed with ADM Investor Services has more.
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Row crop prices put in weather premium with the hot dry weather, while rains the Southern Plains weigh on the wheat and cotton. Cattle consolidate but are watching weather, cash and corn. Hogs try to bounce off contract lows but face headwinds including the lack of China demand. John Payne, Hedge Point Global Markets has more.
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Wheat and corn closed higher on Black Sea export concerns and putting in weather premium. Soybeans set back with lower meal and profit taking. Cattle saw more profit taking and hedge pressure, with more contract lows in the hogs. Kent Beadle with Paradigm Futures has analysis.
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Wheat rallies with Russia stopping exports out of a Ukrainian port. Corn follows, but is also putting in weather premium. Soybeans consolidate with products. Cattle also see profit taking with concerns about the debt ceiling talks. Kevin Duling with KD Investors has details.
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Cattle are seeing some continued profit taking awaiting cash direction but with tight showlists there is hope for steady at worst. Higher corn a headwind for feeders. Hogs score more contract lows still waiting for the cash index to catch up. Corn and wheat extend gains putting in weather premium and short covering, while soybeans are held back by lower meal and profit taking. Brad Kooima of Kooima Kooima Varilek has details.
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Grain markets ended higher on corrective buying after corn and soybeans held support but were also putting in weather premium. Wheat followed. How much more of relief rally can we expect? Cattle consolidated after putting in a double top and with a neutral COF report, hogs hit contract lows. Naomi Blohm, Total Farm Marketing has more.
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Corn and soybeans try to bounce technically as they are oversold but also putting some weather premium in. Wheat falters with rain in HRW areas, and poor demand with the EU importing wheat. Cattle consolidate after a neutral COF and the atypical BSE case, but higher corn weighs on feeders. Hogs 2-sided. Tomm Pfitzenmaier of Summit Commodity Brokerage has more.
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Grains tried to recover Friday, but funds continued to sell on bearish fundamentals, poor technicals and the debt ceiling stalemate. Grains all posted lower weekly closes. Cattle were the bright spot with steady to higher cash, new high in feeders and higher weekly closes ahead of the COF. Don Roose of U.S. Commodities has the summary.
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Grains turned mixed after the higher start with the market trying to find support but is this bottoming action? And do we have most of the bearish news priced in yet? Live cattle see support from firmer cash but are cautious ahead of the COF. Milk market continue to struggle with demand and supply issues. Bryan Doherty of Total Farm Marketing sums it up.
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Grains are trying to recover are we working on reversals and putting in short term lows or is this just a dead cat bounce because we're oversold? Was wheat chasing headlines this week? Cattle continue strong with some firmer cash will it continue? And what are outside markets telling us about the economy? Darin Newsom with Barchart covers it all!
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Funds continue to sell in grains talking out long term chart support as the market doesn't have a bullish supply or demand story. When does the bleeding stop? Cattle are the bright spot and with lower corn feeders are hitting new highs, fats are pricing in steady to higher cash. Hogs consolidated but can't gain any momentum. Mark Schultz with Northstar Commodity has details.
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Funds accelerate selling in the grains and hogs early with no bullish news but are trying to find some support. Cattle supported by lower corn and higher cash ideas. Chip Nellinger with Blue Reef Agri-Marketing has details.
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Live cattle start higher then consolidate ahead of COF and cash direction, while corn is pushing feeders back into contract highs. Hogs continue to consolidate despite stronger cash. Grains start off with more fund selling, and corn is getting pulled down by wheat, but soybeans are trying to recover with bean oil. Scott Varilek, with Kooima Kooima Varilek.
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Commodity wide fund selloff but grains pressured by China corn cancellation, Black Sea Grain deal, big crop. Livestock were mostly lower except nearby live cattle which were held up by steady cash ideas. Vince Boddicker with Farmers Trading Company has more.
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Markets are seeing commodity wide fund selling on bearish news including the China corn cancellation, Black Sea Grain deal, big yield ideas. However are they getting close to the lows? Shawn Hackett of Hackett Financial Advisors sees a reversal coming.
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Grains are mostly lower with fund selling continuing and the 10.7 mb old crop corn cancellation by China and the Black Sea Grain deal is extended another 60 days. Livestock are mostly lower in consolidation mode, except feeders which are making new highs in the deferreds. Allison Thompson with The Money Farm has more.
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Grains and live cattle end mostly lower on spec selling on a risk off day tied to the debt ceiling debate and recessionary talk. Sharply lower bean oil, planting pace and profit taking in the wheat were also features. Matt Bennett, AgMarket.Net explains.
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Grains are seeing speculative selling and profit taking after hitting chart resistance and with fast planting pace. Soybeans are the downside leader with soybean oil hitting 2-year lows. Cattle are pricing in steady cash, with funds buying in hogs with firmer cash. Kent Beadle of Paradigm Futures has details.
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Cattle 2-sided with risk off in outside markets awaiting cash. Hogs see follow through technical buying with firmer cash. Risk off in outside markets, weather, planting pace cause profit taking in grains. Brad Kooima of Kooima Kooima Varilek has more.
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Commodity wide buying by funds on Monday. Wheat leads corn and soybeans higher with concerns about production after the WASDE and uncertainty about the extension of the Black Sea Grain Initiative. Cattle continued to narrow the gap between cash and futures, while hogs sense a seasonal cash bottom. Arlan Suderman of StoneX has full analysis.
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Grains still higher with technical buying, putting in war premium. Wheat is leading though on production concerns pushing Jul KC wheat over $9. Livestock cattle are consolidating after the higher week, while funds are covering shorts in hogs with the firmer LHI. DuWayne Bosse of Bolt Marketing has details.
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Grains are higher putting in war premium with the Black Sea Grain Initiative uncertain, but wheat is pricing in crop concerns with the wheat tour in Kansas this week and more rain in spring wheat areas. Corn and soybeans are following. Live cattle are consolidating after a higher week, while feeders and hogs are strong. Randy Martinson, Martinson Ag has details.
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Grains closed mixed after the WASDE with the bullish surprise in winter wheat which produced a strong rally, especially in HRW. Corn ending stocks were bearish at 2.22 bb but prices held up with help from wheat and with much of the increase priced in. Soybean ending stocks were also bearish at 335 mb, so how low do prices need to go to price this in plus the SA crop? John Heinberg of Total Farm Marketing has analysis and talks about what this means for the cattle market.
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The WASDE report was bearish for corn and beans with a 2.22 bb ending stocks number for corn, 335 mb for wheat. But bullish for wheat and the big surprise of the report. Wheat is rallying. Jim McCormick of AgMarket.Net discusses why row crops are holding together and for how long.
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Grains are mixed ahead of the WASDE, but also trading weather and watching outside markets. Have we traded the report already? Livestock are 2-sided but cattle have worked in the lower cash, while hogs digest higher cash and cutouts, Prop 12 decision. Mike Zuzulo of Global Commodity Analytics has more.
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Funds sell in corn and wheat on weather, poor exports, WASDE positioning and bearish outside markets. Dec corn took out long term chart support. While soybeans recover with help from meal and a lower Argentina crop estimate. Lower cash pushes down live cattle and hogs react to the Prop 12 ruling. Rich Nelson of Allendale has more.
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Funds sell in corn and wheat with poor exports, soybeans rebound following meal with a lower Argentina estimate, but are we also seeing report positioning? Cattle rebound despite lower cash, while hogs fail possibly on the Prop 12 decision. Darin Newsom with Barchart has more.
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Live cattle see follow through selling on risk off in outside markets and lower Southern cash at $170. Feeders leading with lower corn. Hogs gain with strong exports and higher cash. Grains see fund selling on poor exports, bearish WASDE expectations, lower outside markets. Scott Varilek, Kooima Kooima Varilek has details.
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Grains end mostly lower except corn, which bounces after holding last week's lows. Markets also positioning ahead of the WASDE Report with bearish expectations for new crop supplies. Cattle see profit taking after hitting chart resistance and with bearish outside markets. Hogs fail after yesterday's reversals as the futures again wait for the cash and demand to firm. Mike Minor, Professional Ag Marketing has details.
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Grains bounce off their lows after holding support and with positioning ahead of the WASDE. Is most of the bearishness already factored into the markets? Live cattle chop awaiting cash direction, while hogs see follow through after the reversal. Randy Martinson, Martinson Ag has more.
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Wheat under pressure as inspections resume in the Black Sea and some rain chances in HRW areas. Corn and soybeans bounced off support with no China cancellations. Grains also see some WASDE positioning. At these prices should livestock producers get feed needs lined up? Nick Tsiolis, Farmer's Keeper has details.
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Grains end mostly lower again except hard wheat classes with more technical selling on China cancellations, fast planting, WASDE positioning. But is the market too bearish heading into the WASDE? Cattle had a strong short covering rally anticipating better cash, with hogs also ending higher but will there be any follow through buying? Garrett Toay, AgTraderTalk has more.
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Grains continue lower with lack of bullish news including fast planting, China corn cancellations, WASDE positioning and risk off outside markets. Live cattle are mixed awaiting cash, while hogs are also mixed trying to recover. DuWayne Bosse, Bolt Marketing has details.
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Live cattle are choppy but the futures discount to cash is supportive and Brad Kooima, Kooima Kooima Varilek says cash could be steady to higher this week. Lower corn supports feeder. Hogs mixed but continue to struggle with big slaughter numbers. Grains are lower after hitting chart resistance with fast planting, weather and WASDE positioning plus China cancels another 10.7 mb of corn.
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Grains end mostly lower except the hard red wheat classes, consolidating on weather, WASDE positioning and money flow. Cattle bounce with help from futures discount to cash, while hogs wait for cash to catch up. Brian Grete, Pro Farmer has details.
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Wheat is trying to hold on to early gains with concerns about the Black Sea Grain deal, but the rest of the grains have faded early strength ahead of crop progress and the May WASDE. Cattle trying to recover but can the market build on it if cash is weaker again? Hogs continue to disappoint but wait for cash to catch up. Kent Beadle with Paradigm Futures has details.
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Grains start higher after higher weekly closes, then fade as the market is also trading weather, planting progress and the WASDE. Cattle bounce after a lower week, while hogs trade 2-sided trying to consolidate after a tough down week. Tomm Pfitzenmaier with Summit Commodity Brokerage has more.
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Grains end higher on Friday and for the week, so is the market confirming a bottom and what could fundamentally change that trend? Cattle are lower for the week but is there a bigger correction ahead? And hogs slide with increased sow liquidation. John Payne of Hedge Point Global Markets wraps up the week.
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Grains adding to gains. Is the market putting in a seasonal low and is it all technical or is there a fundamental? Cattle consolidated this week with bank failures and lower cash, while hogs have a down week with sow liquidation and soft domestic demand. Jeff Hoogendoorn, Professional Ag Marketing has details.
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Darin Newsom with Barchart and I got a bit long winded this morning but there is so much to talk about! The main one you want to listen for is whether or not he thinks the grain markets are bottoming, especially after the key reversals in wheat. But is it technical or fundamental? Plus, we discuss if crude oil bottomed, the jobs numbers and more!
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Wheat extends gains after Wednesday's reversal. Soybeans and corn hold together in a risk off day with bearish weather and exports. Cattle consolidated but again brushed off bearish bank news, while hogs saw follow through selling on the futures premium and lower cutouts. Chip Nellinger, Blue Reef Agri-Marketing has more.
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Short covering in wheat, but corn and soybeans held back by risk off outside markets & no bullish news in weather, exports. Cattle fade with lower equities, hogs can't sustain a rally. Mark Schultz, Northstar Commodity has more.
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Cattle seeing a bounce as hedge pressure is starting to fade but the markets continue to trade cautiously. Hogs can't sustain a rally with bigger numbers. Grains fail to see any follow through after the reversals yesterday, how much lower will corn go and should livestock producers by buying feed? Scott Varilek of Kooma Kooima Varilek has details.
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Wheat scores a key reversal after a drone strike at the Kremlin which pulls corn and soybeans back higher as well. Will the bottom the grain markets? Will the Fed pause after this .25 bp hike to signal specs to get back into commodities? Plus how much more will cattle correct? Ted Seifried of Zaner Ag Hedge has the answers.
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Wheat reverses after a drone strike on the Kremlin put the Black Sea grain deal in question, that pulls corn and beans off their lows. Cattle see pressure ahead of the Fed announcement and with lower products and cash at $172/$281. If the Fed takes a pause will specs come back into the commodity sector? Dave Chatterton with Strategic Farm Marketing has more.
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Risk off selling continues in cattle, corn and soybeans ahead of the FOMC announcement and we've taken out critical support on the charts in those markets. Wheat stages a dead cat bounce chasing another Russian war headline. Short covering continues in hogs. Vince Boddicker of Farmers Trading Company has details.
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A risk off day in outside markets with more negative bank news ahead of the Fed announcement. That impacted money flow and caused fund selling in most of the ag sector. Add on top more favorable weather. What will it take to get the selling to stop? Kevin Duling of KD Investors has insight.
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Mostly lower grain and livestock futures with spillover from risk off in outside markets like the DOW and oil ahead of the FOMC meeting. More favorable weather and fast planting pace is also weighing on grains with contract lows in wheat. Randy Martinson with Martinson Ag has an update.
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Cattle are seeing more profit taking with the risk off in outside markets ahead of the FOMC decision, plus some lower cash in the south at $172. Hogs mostly lower with futures premium to cash. Jul corn supported by strong cash, but funds selling Dec corn on weather and SA supplies. Will prices hold soon? Soybeans rally with strong crush demand. Brad Kooima of Kooima Kooima Varilek has details.
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Lower except soybeans as risk off in outside markets triggers more fund selling. Plus, better planting weather and rain chances for HRW areas leads to new contract lows in all three classes of wheat. Risk off consolidation in cattle and hogs, watching cash and China's disappointing PMI number dampened pork export ideas. DuWayne Bosse of Bolt Marketing has more.
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Grain and livestock markets are mostly lower except soybeans. Fund selling continues in corn and wheat, with risk off including lower crude oil and bearish weather. Soybeans holding up better despite that. Cattle and hogs are seeing some consolidation with a higher dollar. Cattle should be well supported with the futures discount to the cash, while hogs are waiting for cash and cutouts to catch up. Mike Minor of Professional Ag Marketing has details.
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Lots of red on the board this morning with risk off going into the FOMC meeting and after Frist Republic Bank failed. More spec selling in grains, but weather is also bearish. Cattle and hogs seeing profit taking after higher weekly closes but cash will be key. Kent Beadle of Paradigm Futures has more.
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Grain markets end mostly higher Friday on end of month profit taking but post lower weekly closes. Is the fund/technical selling over? Cattle consolidate but held up well with some weaker cash on a limited test. Are hogs bottoming? Bryan Doherty @TotalFarmMktg has more.
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Grain markets try to recovery after an ugly week, is this just an end of month dead cat bounce or is the market bottoming? Cattle consolidating with some $173 cash in the south today but higher beef, end of month corrective buying in hogs. Darren Frye Water Street Solutions has more.
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Grains have had an ugly week. Soybeans are seeing some corrective buying after holding support and with higher meal. Wheat is trying to consolidate but more pressure in corn with demand concerns and after taking out chart areas. Cattle trade 2-sided with a lack of cash news and watching economic reports. Allison Thompson with The Money Farm has analysis.
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A tough down day in grains with massive fund selling, weather played a role as well as the China corn cancellation. Will China cancel any more business? Corn took out key chart support and all three classes of wheat made new contract lows, so when will the bleeding stop? Soybeans held support but for how long? Live cattle are back near contract highs will they make new highs? And why did hogs fail again today? Alan Brugler of Brugler Marketing has the answers.
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Massive fund selling continues to push the grains lower with new contract lows in wheat and corn breaking chart support. Prices have lost a lot of ground the last couple of weeks, but are they getting close to a bottom? Cattle see some buying support from strong beef values, but still waiting for more cash direction. Hogs are struggling despite a marketing year high for exports and a strong technical close Wed. Mark Schultz of Northstar Commodity has details.
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Grains continue in the red with more fund selling and another China corn cancellation. July corn taking out $6, new lows in wheat. Cattle trade two sided still consolidating with sketchy cash news. Can hogs build on Wednesday's strong close? Scott Varilek with Kooima Kooima Varilek has details.
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More fund selling in #Grains on weather, demand concerns w/Brazil's big crop. How much lower will prices go? Risk aversion is a problem for the #grains with economic data ahead of the Fed meeting and debt ceiling talks. Shawn Hackett of Hackett Financial Advisors has more.
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Corn and wheat under pressure with more fund selling taking out support, as demand concerns, but weather and lower crude oil are also factors. However, Russia could be the wild card. Soybeans see a corrective bounce. Cattle and hogs also lower on more technical selling watching cash and debt ceiling discussions. Jim McCormick with AgMarket.Net has details.
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Grains quietly mixed, but corn at least holding support at the March lows. Are grains about ready to bottom and put in a spring rally? Cattle markets continue to consolidate and imply lower cash, but how much more downside risk is there? Will hogs ever bottom? Rich Nelson of Allendale covers it all!
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Markets end mostly lower with risk off fund selling. Soybeans and wheat also weighed on by weather, fast planting, Brazil prices. Corn held chart support but for how long? Cattle consolidating waiting for cash direction, with hogs failing waiting for a cash bottom. Oliver Sloup, Blue Line Futures has details.
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Funds continue to sell in grains with risk off from outside markets, fast planting, rain chances for HRW areas and Brazilian competition. Cattle continue to consolidate but cash is key and hogs saw early short covering but may not be able to sustain rallies until the cash bottoms. John Heinberg of Total Farm Marketing has more.
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Grain and livestock futures are mostly lower except hogs. Cattle continue to correct with lower cash trade ideas, but how low will prices go? Hogs are seeing short covering and spread unwinding with cattle. Grains continue to see technical selling and globally are not competitive on price. Brad Kooima of Kooima Kooima Varilek has insight.
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Fund selling in #corn #soybeans #wheat with bearish export news including the China cancellation, poor inspections, Black Sea and Brazilian competition. #Cattle down with the bearish COF and softer cash, #hogs saw short profit taking. Mike Zuzulo of Global Commodity Analytics has details.
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Mixed trade at midday. Corn and soybeans see more fund selling with China cancellations, the headwind of the much cheaper crop in Brazil and questions about the biofuels tax credits for renewable diesel and SAF, plus weather. KC, MN wheat is mostly higher trying to add some weather premium. Cattle softer on the COF placements number and with lower cash last week, while hogs bounce. Randy Martinson of Martinson Ag has details.
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Grains are mixed with corn under pressure on fund selling and the China corn export cancellation, soybeans seeing strong cash and forward spreads supportive, with frost and cold weather supporting KC and MN wheat. Cattle set back on the bearish COF, with hogs up on short covering and spread unwinding. Michelle Rook has the early summary.
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Grains close lower Friday and for the week with fund and technical selling. What triggered it and will it continue into next week? And what's with the strong May/July inverse that is supporting old crop corn and beans? Where does crude oil go now that it filled the chart gap and closed lower for the week? And will cattle continue to be a bull market? Darin Newsom, Sr. Market Analyst for Barchart covers it all!
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Grains lower on technical selling with a risk off day and after taking out major chart support, weather is also bearish. Cattle see more profit taking ahead of the COF, with short covering in hogs. Kent Beadle, Paradigm Futures.
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Corn and beans under pressure on more fund liquidation and technical selling as we took out long term chart support, but option expiration and weather are also factors. Wheat slightly higher with rains missing some key HRW areas. Cash basis levels remain firm with tight supplies and bull spreading but how long will that continue and what will flooding on the MS River means for basis? Nick Tsiolis, Farmers Keeper has details.
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Grains ended lower with another risk off day, but also saw profit taking and spread unwinding after old crop corn and beans hit chart resistance. New crop held support areas, but what is the downside risk? Meanwhile, rain chances in HRW areas also weighed on wheat. Cattle recovered even with softer cash cattle trade, while June hogs hit another contract low. Chip Nellinger, Blue Reef Agri-Marketing covers it all!
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Grains still lower with the risk off day, lower crude oil, disappointing exports and rain chances in wheat areas, plus some profit taking and technical selling as we took out support areas. Cattle are trying to rebound with the discount to cash with some sales in NE at 288/183. Hogs back lower with the cash failing to bottom. Vince Boddicker with Farmers Trading Company has more.
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Another risk off day on recession fears spilling into the commodities. However, cattle have been consolidating and cash trade looks a little weaker, so is this action confirming a blow off top? Hogs aren't seeing any follow through buying after yesterday's reversal and corn and beans are lower so how much downside risk is there in those markets? Scott Varilek, Kooima Kooima Varilek has details.
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Grains mostly lower with a risk off day due to outside markets on hawkish Fed comments, weather and resumption of Ukraine exports. Plus profit taking hit in old crop corn, beans and even some wheat contracts after hitting chart resistance. Cattle also saw consolidation with the risk off and awaiting cash and the COF, hogs bounce off contract lows but when does the market bottom? Don Roose of U.S. Commodities has details.
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Grains and now cattle have turned mostly lower in a risk off day in outside markets, but the grains markets are also trading weather. While hogs hit contract lows and are seeing short covering but are at levels that are not profitable for producers. John Payne of Hedge Point Global Markets has details.
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Grains and hogs are lower early with a risk off day and spillover from outside markets with lower equity and crude oil prices. Corn and soybeans also see some profit taking and farmer selling after hitting chart resistance and Ukraine shipments have resumed which weighs on wheat. Live cattle continue to be supported by tight numbers and strong cash and demand, while hogs make contract lows. Tomm Pfitzenmaier, Summit Commodity Brokerage.
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Corn and soybeans end higher Tuesday with new crop leading putting in weather premium. But how long can Dec corn hold $5.50 and Nov soybeans $13.00 if planting accelerates? Wheat ignores crop ratings and weather, and watches Black Sea headlines. Cotton rallies on China's 4.5% jump in GDP. Fund buying, higher cutouts and strong cash support cattle. Darren Frye, Water Street Solutions has details.
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Wheat is seeing profit taking despite slow spring wheat planting and a poor winter wheat crop rating. Corn and soybeans are quiet and trying to hold gains with spread trade and waiting for verification of the cold wet forecast ahead. Soybeans have also see support from a rally in bean oil and lower Argentina crop estimates. Some profit taking in live cattle awaiting cash direction with feeders supported by higher cash. Randy Martinson of Martinson Ag has more.
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Livestock see 2-sided trade early with a little consolidation. Cattle futures are still at a discount to last week's cash which is supportive as well as higher boxed beef. However, Brad Kooima of Kooima Kooima Varilek thinks cash many only be steady this week after last week's record. Hogs are trying to bottom but June needs to close higher today to confirm. Some profit taking and spread unwinding in corn.
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All the markets were higher with the risk on day Monday. However, weather was also supportive for the grains and soybeans, plus the Argentina grain inspectors strike, record crush in March and strong technicals brought in some fund buying. Cattle back higher higher beef and cash ideas and the futures discount, while funds covered shorts in the hogs. Matt Bennett of AgMarket.Net has it all.
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Grains all turn higher on weather and technicals, plus soybeans supported by the possible strike in Argentina & NOPA crush. Cattle rebound with higher boxed beef and cash ideas, with short covering in hogs. DuWayne Bosse of Bolt Marketing explains.
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Corn and wheat are mostly lower on spreads and profit taking, despite cold temps this weekend and concerns about Black Sea exports. Soybeans supported by tight supplies and the Argentina grain inspectors strike. Cattle higher with ideas of higher cash this week. Crude oil, metals and the dollar have all had big moves, will that continue? Kevin Duling of KD Investors explains.
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Mixed closes with wheat up on short covering and putting in war and weather premium, that supported corn as well as more China sales, while soybean saw additional corrective selling and pressure from Brazil's record supplies. Cattle saw some healthy profit taking, while funds covered some of their massive short position in hogs, which were oversold after new contract lows Thursday. Arlan Suderman of StoneX has details.
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Soybeans are seeing pressure with Brazilian competition, while corn is getting a boost from more China corn biz. Wheat is putting in some weather premium with cold temps in the forecast and concerns about the Black Sea grain deal. Cattle take a breather on profit taking and hedge pressure, while hogs try to bounce off of contract lows. Ted Seifried of Zaner Ag Hedge has analysis.
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Cattle are seeing some pressure on profit taking and hedge selling after the record high futures and cash prices this week. Mostly $175 in the South and $290 in the north, but some live sales up to $186. Hogs seeing short covering off contract lows Thursday and unwinding of cattle/hog spreads. Bull spreading in corn with 15mb of China biz, while soybean see profit taking. Scott Varilek of Kooima Kooima Varilek covers it all.
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Markets ended mostly lower as money flowed into the equities and metals & flowed out of commodities. Corn and beans saw spread unwinding and profit taking, while wheat was lower on poor exports. Nearby cattle hit some new highs and as record cash developed saw some hedge pressure. Tommy Grisafi of Advance Trading has details.
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Nearby cattle make new highs as record cash reports start to trickle in, while hogs make new contract lows following lower cash and cutouts. Corn and soybeans have backed off highs, with wheat as an anchor. However, old crop continues to show how tight supplies are through the bull spreads. While new crop looks forward to growing supplies. Mike Minor of Professional Ag Marketing covers it all!
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Corn and soybeans higher with bull spreads working on tight cash supplies and China export biz, but what mixed signal are we seeing with national cash basis? Wheat slumps on poor exports. Meanwhile crude oil has had a chart breakout which is also pushing the dollar lower. Plus, the red hot cattle/beef market shows no signs of a top. Darin Newsom, Sr. Market Analyst with Barchart tackles it all!
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A mixed day in grain futures with bull spreading in corn and soybeans as old crop supplies are tight, while new crop sees pressure on better weather. Wheat ended mixed on spread trade as well. More highs in cattle chasing cash while hogs can't seem to find a bottom in cash or futures. Garrett Toay of AgTraderTalk has details.
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Corn and soybeans mixed with strong cash prices supporting old crop while new crop is under pressure with better weather. Short covering and dry weather support wheat. Cattle making more highs with futures still at a discount to cash, while hogs struggle as cash can't find a bottom. Mark Schultz of Northstar Commodity has details.
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Grains mixed eyeing weather but will row crops get their typical spring rally for farmers to make some sales? Cattle make more new highs while milk futures build on yesterday's reversal but can these rallies be sustained? Bryan Doherty of Total Farm Marketing has the answers.
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Grains end mixed after a neutral to slightly bearish WASDE compared to expectations and with South American production already factored in. So when will USDA factor in the tighter grains stocks for corn and beans indicated by the strong cash prices? Cattle score more contract and record highs and we're not even into the tightest numbers. Hogs fall with cash. Brian Grete with Pro Farmer has details.
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Grains mixed after the WASDE. USDA left corn and soybean ending stocks unchanged, but raised wheat by 30 mb. They also lowered Argentina soybean production 6 mmt. Brian Splitt of AgMarket.Net has analysis and also talks about where cattle are headed after making taking out the 2014 highs on the futures?
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Markets are mixed early. Cattle make more new contract highs pushed by record cash and it may top that this week. Hogs continue to see pressure. Grains mixed ahead of the WASDE, but cash basis continues strong. Brad Kooima of Kooima Kooima Varilek has details.
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Grains end mostly higher Monday on weather and technical buying heading into the WASDE. Cattle futures make more new contract highs on record high cash and the tightest numbers are yet to come. DuWayne Bosse of Bolt Marketing has more.
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Grains mixed on weather, WASDE positioning, export inspections. Live cattle push back into contract highs with strong cutouts, hogs rebound. Michelle Rook has a rundown.
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Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs hit new lows then try to bounce. Randy Martinson of Martinson Ag has more.
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Grains end mostly lower on profit taking and improving weather forecasts. Cattle hit new highs on futures and northern cash and what's the next move for crude oil? Darin Newsom with Sr. Market Analyst with Barchart covers it all!
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Corn and soybeans lower on fund selling and improved weather, poor soybean exports did not help. Cattle hit new contract highs with sharply higher cash trade. Joe Vaclacik of Standard Grain has analysis and a WASDE Report preview.
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Corn and soybeans lower trading with improved weather and seeing fund profit taking heading into a 3-day weekend and WASDE Report. The Argentina peso program also weighing on beans. Cattle gap higher on higher cash and hit new contract highs. Steve Freed of ADM Investor Services has details.
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Grains end lower on improved weather and profit taking ahead of the 3-day holiday and the next WASDE. Live cattle rebound with higher beef prices, but will the recovery continue after the key reversal? Naomi Blohm of Total Farm Marketing has insight.
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Grains turn mixed trading weather, export demand and seeing pre-WASDE positioning. What is the outlook for crude oil? Cattle rebound on sharply higher wholesale beef, while deferred hogs fail with lower cash and cutouts. Rich Nelson of Allendale covers it all.
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Grains and cotton mostly lower improved weather and technical selling, despite more corn and soybean export sales this morning. Risk off continues with more talk of interest rate hikes. Shawn Hackett of Hackett Financial Services has more.
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Grain and livestock futures all ended lower with a risk off day in outside markets spilling over but corn and soybeans also saw profit taking and a change in the weather weigh on the market. Cattle confirmed the key reversal but will it hold if cash moves higher? Jim McCormick with AgMarket.Net has details.
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Row crop futures lower on profit taking and weather initially but now seeing some risk off selling and that is pulling wheat down as well. That has also eroded early strength in cattle and hogs. Chuck Shelby with Risk Management Commodities has more.
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Cattle rebound after a lower day Monday, but will they negate Monday's possible key reversal, and will cash be higher again? Nearby hogs continue to see fund selling. Profit taking and a change in weather pressure corn and beans. More with Brad Kooima of Kooima Kooima Varilek.
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Grains close mixed with soybeans still working in the bullish USDA numbers but sharply higher soybean oil also helped. Corn and wheat both ended mixed on profit taking and hedge pressure and that also explains the action in cattle. Randy Martinson of Martinson Ag has full details.
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Grains still mostly higher still pricing in the USDA numbers but wheat is also putting in some weather premium. Old crop corn is seeing pressure on farmer selling and slow export inspections. Live cattle made new contract highs then saw profit taking and hedge pressure, while hogs are seeing some short covering. Kent Beadle of Paradigm Futures has details.
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Grains trade higher continuing to work in USDA Report numbers, the weather and higher crude oil with possible OPEC production cuts. Live cattle higher again after new contract highs Friday but feeders see profit taking with higher corn and hogs are also back lower. Allison Thompson with The Money Farm has analysis.
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Grains end mostly higher with bullish surprises on corn and soybean quarterly stocks pushing old crop contracts higher. Soybean acres were also lower than expected with corn above estimates at 92 million. There wasn't much bullish in the report for wheat but it followed row crops. So where do prices go from here? Darren Frye, Water Street Solutions has analysis and also talks about new contract highs in cattle.
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USDA's Quarterly Grains Stocks were the bullish story for corn and beans overshadowing the larger corn acreage at 92 million. Jim McCormick of AgMarket.Net has analysis.
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Grains mixed before the reports but what was the market already telling us about what's likely in the USDA numbers? We're also seeing end of quarter profit taking in many markets including crude oil and the equities. Cattle hit more contract highs with higher cash, can it keep going? Hogs working in the report numbers but its also end of quarter. Darin Newsom with Barchart has details.
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Grains drift into the close with profit taking end of quarter and after many contract hit chart resistance. What does the trade need to see in the reports tomorrow to not continue the sell off? Live cattle make new contract highs with sharply higher cash, but how much higher will the market go? And cotton rallied looking for lower acres Friday. John Payne, Hedge Point Global Markets has details.
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Grains starting to drift with positioning ahead of reports, but old crop corn and soybeans have also hit some chart resistance. Cattle advance for the 5th day as funds reenter the market and with anticipation of higher cash. Hogs have turned mixed with the Hogs and Pigs Report out shortly. Jeff Hoogendoorn of Professional Ag Marketing has more.
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Grains quietly mixed ahead of the reports. Although China bought another 7 mb of corn the weekly exports were not a market mover. Cattle up for the 5th day with higher cash ideas but will futures retest highs. Hogs seeing gains but will they hold and what are we expecting in the Hogs and Pigs report today? Scott Varilek of Kooima Kooima Varilek offers insight.
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Grains end mostly higher except wheat which faded the Russia export news. Corn and soybeans continue to recover from the recent losses and corn demand has improved, but those markets are running into chart resistance and further buying depends on the reports. Cattle continue to look strong, but why do funds continue to push the short side of the hogs? Ted Seifried with Zaner Ag Hedge has the answers and report preview!
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Grains mostly higher as a couple private companies cease exports in Russia and China buys more corn. However, many markets are running into chart resistance. Cattle supported by strong cash ideas and hogs see more fund selling. Vince Boddicker of Farmers Trading Company has details.
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Grains are mostly higher this morning with word Cargill is stopping exports out of Russia, plus another 8 mb of China corn sales and they could be looking for beans as well. Live cattle slightly higher with risk on outside markets and strong fundamentals. Kevin Duling of KD Investors has analysis.
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Grains higher except old crop corn. Gains in soybeans, meal and wheat mostly short covering end of quarter and ahead of USDA's data dump. Corn saw spread unwinding. Live cattle traded 2-sided but ended slightly higher waiting for higher cash, while hogs saw profit taking. John Heinberg of Total Farm Marketing has details.
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Grains mostly higher except old crop corn as we see short covering ahead of the end of the month and USDA data dump. Livestock consolidate with inside days in both cattle and hogs. DuWayne Bosse of Bolt Marketing has more.
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Grains leaning higher with more China corn sales, calmer outside markets and report positioning. Livestock futures see profit taking after a higher day yesterday but cash cattle is expected to be higher this week which should keep the market supported. Brad Kooima of Kooima Kooima Varilek has more.
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Grain and livestock futures all higher with a risk on day in outside markets, plus positioning ahead of USDA reports and end of the quarter brought some short covering. Mark Schultz of Northstar Commodity has details.
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Grains mixed and 2-sided early with report positioning, end of month and end of quarter, corn did see a 4.4 mb export sale. Livestock higher early on short covering and risk on in outside markets but will gains hold? Chip Nellinger of Blue Reef Agri-Marketing has more.
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Markets closed mostly higher Friday except feeders. The short covering rally in grains was led by wheat with conflicting reports of a Russia wheat ban, but more China sales supported corn. The question is are the funds done liquidating in soybeans? Live cattle and hogs also saw a technical bounce. Tomm Pfitzenmaier of Summit Commodity Brokerage has details.
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Grains rebound with a short covering rally in wheat, but wheat is off its highs with conflicting reports on whether or not Russia will temporarily ban exports. Hogs and live cattle are also seeing a short covering bounce, but is this bottoming action? Mike Zuzulo, Global Commodity Analytics has analysis.
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Soybeans start lower on fund selling, corn is higher with more China biz and strong cash levels, while wheat sees short covering chasing headlines on Russia's possible export ban. Where is the financial market headed? Livestock have been beat down on fund selling and demand concerns tied to the economy but are they close to bottoming. Darin Newsom, Sr. Market Analyst with Barchart has the answers.
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Soybeans and products saw massive fund selling making new lows for the move, which pulled down corn after supportive export news. Wheat saw corrective buying. Live cattle had an inside day but disappointed with cash mixed, lower in the south but higher in the north. New contract lows again in hogs. Chip Nellinger with Blue Reef Agri-Marketing breaks it down.
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Soybean make new lows for the move with more fund selling, poor exports and lower products, that's pulled down corn and CH wheat. Cattle and hogs continue to struggle to recover, despite higher cash cattle trade in the north. John Payne of Hedge Point Global Markets has the update.
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Corn higher on more China business and strong weekly exports. Soybeans seeing more fund selling with slow exports. Cattle trade 2-sided but disappointing with higher cash trade in the north yesterday at $165-$167, south $163. Hogs make new lows for the move. Scott Varilek of Kooima Kooima Varilek has details.
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Grain and livestock futures close mostly lower on technical selling ahead of the Fed announcement, except old crop corn with more China sales. Soybeans closed below the 200 day moving average, so will that trigger more selling pressure? Are livestock close to bottoming? Don Roose with U.S. Commodities has the answers.
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Markets are mostly lower except for old crop corn with the China export biz. The trade is awaiting the Fed decision, but soybeans also break below the 200 day moving average following the drop in China's soybean price. Ted Seifried of Zaner Ag Hedge explains.
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Grain and livestock futures under pressure with concerns about the Fed announcement. A .25 hike is already figured in but what if its .50? Fund positions were also updated yesterday so what do those mean for the markets? Randy Martinson of Martinson Ag fields these questions.
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Grains and hogs see more risk off technical selling ahead of the Fed decision, with profit taking in wheat following the Black Sea grain deal extension. May soybeans are still holding the 200 day MA. Cattle rebound but can we stage a recovery rally? Oliver Sloup of Blue Line Futures has analysis.
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Grains give up early strength with speculators nervousness about the Fed decision tomorrow and ignoring some of the fundamentals. Cattle try to stage a technical bounce. Funds sell the early strength in hogs, with big supplies also weighing on the market. Kent Beadle of Paradigm Futures has more.
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Grains mostly higher with more of a risk on day in outside markets and China corn business. Cattle struggle to recover after the recent fund selling tied to macroeconomic concerns, but hogs are trying to bounce. Is the fund selling done? Brad Kooima of Kooima Kooima Varilek has the outlook.
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Risk aversion continued in the ag markets today due to uncertainty on the banking crisis and upcoming Fed action. The exception was soybeans which bounced off support. Alan Brugler of Brugler Marketing has details.
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Crude oil is under pressure again with macroeconomic and banking fears causing more speculative liquidation. Prices are at levels now seen since the end of 2021. How low could prices go and what does that mean for prices for gas and diesel on the farm and at the pump? John Wenzel, Senior Risk Manger with StoneX Financial has the answers.
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Grains lower again with macroeconomic uncertainty driving fund selling, plus the Black Sea Grain Deal was extended. Cattle bounce with a constructive COF report while hogs are seeing more technical selling and economic concerns weigh on the market. Allison Thompson with The Money Farm has more.
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Money flow and market participant positions were the biggest influence on markets Friday and the week, more than fundamentals. Garrett Toay AgTraderTalk explains.
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Money flow and fund selling continue to be bearish for soybeans and livestock, while wheat is seeing short covering. Corn also boosted by China's buying spree. Details with Darren Frye of Water Street Solutions.
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Grains mixed this morning as bearish outside markets are spilling over and influencing money flow in the ag markets. Corn is holding on with more China export business. Darin Newsom, Sr. Market Analyst with Barchart has details.
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Markets closed mixed with corn, soybeans and cattle all ending higher as outside markets stabilized and China bought more U.S. corn. Hogs had some limit down moves on technical selling. Chuck Shelby with Risk Management Commodities wraps up the day.
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Cattle and corn both see some buying interest midday with China corn business and cattle getting oversold ahead of the Cattle of Feed Report. Other sectors still concerned about macroeconomy. Jeff Hoogendoorn of Professional Ag Marketing has details.
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The risk off with the banking crisis continues to spill over weigh on the ag markets. The exception is old crop corn with more China export business, another 25.2 mb. Randy Martinson of Martinson Ag has more.
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Livestock and soybeans lower on fund liquidation in a risk off day in outside markets. That muted the rally in corn after 26.3 mb of export biz to China. Wheat saw short covering. Rich Nelson, Allendale has more.
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A risk off day in outside markets with the bank default news spreading to Europe, which has the DOW and crude oil sharply lower, the dollar sharply higher. That is weighing on soybeans and livestock. Corn and wheat seeing a bounce on short covering and China export business. DuWayne Bosse of Bolt Marketing has more.
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Soybeans and livestock falling with the bank failure in Europe and the risk off trade in outside markets. Corn is higher with China export business, while wheat is watching the Black Sea headlines. Nick Tsiolis of Farmers Keeper has more.
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Markets Now Video: #Grains recover on short covering, China corn export biz and lower wheat ratings. #Livestock could not shake off macroeconomic concerns tied to bank failures. Kent Beadle @ParadigmFutures has details.
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Soybeans and livestock still under pressure with with the macroeconomic jitters tied to the bank failures causing fund selling. Corn and wheat are trying to recover midsession but can those gains hold? DuWayne Bosse with Bolt Marketing has the answer.
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Macroeconomic concerns continue to weigh on the commodity sector and cause fund selling in all but wheat. That's despite confirmation of China corn export biz of 24.1 mb. Scott Varilek of Kooima Kooima Varilek has analysis and talks about where cattle, soybeans and corn could find support.
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Grains closed mixed Friday but were down for the week with massive fund selling. Bryan Doherty of Total Farm Marketing talks about how much technical damage was done and if the grains will stage a recovery rally.
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Mixed grain and livestock futures early. Bryan Doherty of Total Farm Marketing has details.
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Corn and beans open higher but then fund selling sets into the entire complex, despite lower CONAB numbers on Brazil beans and soybean export business to unknown and decent corn exports. Wheat sells off after a mixed start. Live cattle see more profit taking, will hogs hold early gains? Vince Boddicker of Farmers Trading Company has details.
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WASDE Report was bullish for soybeans with a cut in U.S. ending stocks and lower Argentina production, corn ending stocks slightly bearish raised by 75 million bushels but Argentina production was again cut. Wheat balance sheets were left unchanged. What does it mean for the market? Jim McCormick of AgMarket.Net has details.
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Grains mixed and quiet ahead of the WASDE report but outside markets have settled down after the risk off day Tuesday. Livestock mostly lower with cattle consolidating awaiting cash direction and hogs pressured by rising numbers. Michelle Rook has a short update.
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Grains end mixed with report positioning and profit taking in soybeans, meal and bean oil. Outside markets were also bearish with the higher dollar and lower crude oil. Live cattle consolidated under new highs awaiting cash. Hogs continue to try to find a bottom. Brian Grete with Pro Farmer has details.
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Corn and soybeans continue lower ahead of the USDA report and profit taking in beans with a drop in bean oil. Wheat trying to bounce with lower crop ratings in Kansas. Cattle consolidate after new highs, awaiting cash direction and watching the stock market. Hogs lack support. Scott Varilek of Kooima Kooima Varilek has details.
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Grains mostly lower with follow through technical selling and optimism about the Black Sea Export Deal. Soybean see some profit taking after hitting chart resistance, despite new highs in meal. Cattle trade two sided early as breaks seem to be bought with strong fundamentals intact. Hogs lower again with rising supplies and the futures premium to the LHI. DuWayne Bosse of Bolt Marketing has details.
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Soybeans higher with contract highs in meal, while wheat saw more technical selling with moisture in HRW areas KC closed below $8 and that held back corn. Cattle hit more contract highs in deferred with a push from cash. Hogs continue to struggle with swelling numbers. John Heinberg of Total Farm Marketing has more.
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Soybeans higher with new highs in meal, while wheat is pulling down the corn market. Cattle continue to march higher with strong cash, but hogs can't get traction with lagging cash and cutouts. Mark Schultz with Northstar Commodity has details.
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Early technical selling in corn and wheat after lower weekly closes, report positioning and talks progressing on the Black Sea Export deal. Soybeans rebound with meal making new highs on Argentina crop concerns. Cattle firmer with new highs in feeders on strong cash cattle trade on Friday. Profit taking in hogs.
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A mostly higher close except wheat, with continued short covering in corn and beans but how much more recovery will we see? Cotton prices are firmer with better China demand prospects while cattle move back higher following a rally in cash. Shawn Hackett with Hackett Financial Advisors has details.
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Markets are mostly higher except wheat. Corn and soybeans continue to recover on short covering, strong meal on Argentina crop rating slide. Can they exceed 50% retracements? Cattle back higher with higher cash and putting in weather premium, hogs higher but still looking for direction. Scott Kooima of Kooima Kooima Varilek has details.
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Markets higher except for new crop corn. More technical buying in grains with the lower dollar and declining Argentina crop ratings helping. Soybeans have hit the 50-percent retracement level. Cattle bounce with firmer cash, but did live cattle put in a reversal? Randy Martinson of Martinson Ag has more.
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AgDay TV Markets Now: Soybeans and wheat continued to recover on Thursday, but corn wasn't able to maintain its early strength. DuWayne Bosse of Bolt Marketing explains why and how much more retracement he expects in beans and wheat.
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Grains seeing some early strength after a short covering bounce yesterday. So is the market bottoming and what kind of recovery can we expect? Live cattle see some follow through selling and profit taking so will yesterday's reversal hold? Hogs see a short covering bounce but will it hold? Darin Newsom, Sr. Market Analyst with Barchart has the answers.
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Another day of relentless selling in the grains by the funds, when does it stop and where is chart support in corn and soybeans? Cattle continue to charge higher with more contract highs in feeders, how high will that market go? Ted Seifried of Zaner Ag Hedge has the answers.
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Grains mostly lower as fund liquidation continues as corn and beans have broken major support. Wheat is trying to bottom. Cattle back making new highs with lower corn, higher cash ideas. Tomm Pfitzenmaier of Summit Commodity Brokerage has details.
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Cattle start off higher and then turn mixed with some end of the month profit taking but should be well supported with ideas of strong cash. Hogs also turn mixed still fighting the futures premium to the index and poor technicals. Grains continue to see fund liquidation especially as support areas are violated including $15.00 on soybeans. Brad Kooima of Kooima Kooima Varilek has more.
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Another mostly lower day with fund liquidation in the grains. How much lower will grain prices go? Feeders make contract highs on the lower corn, but live cattle fade the Cattle of Feed. Hogs were also lower. Kevin Duling of KD Investors has details.
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Grains continue to see fund liquidation and technical selling with wheat the anchor. Cattle faded the COF initially but have rebounded with strong fundamentals. Hogs back lower. Kent Beadle of Paradigm Futures has analysis.
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Early weakness in grains with more technical selling after lower weekly closes, and into key support areas. Wheat also pressured with moisture in HRW areas. Cattle fade the bullish Cattle on Feed Report, hogs trade 2-sided. Allison Thompson of The Money Farm has details.
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Risk off in outside markets and increasing inflation talk sparks more fund and technical selling on Friday in the grains. March option expiration didn't help. With lower weekly closes will the funds continue to liquidate longs next week? Arlan Suderman of StoneX Group has the answer.
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The risk off day in the outside macro market has funds selling across the commodity complex. Kevin Duling of KD Investors says May corn needs to hold support at $6.50 and wheat prices are below pre-war levels.
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Fund liquidation continues in the grains with the risk off in outside markets and weak technicals. Cattle continue to make new highs with higher cash, cutouts and positioning ahead of a bullish COF Report. Hogs supported by higher cutouts and strong weekly exports. Scott Varilek of Kooima Kooima Varilek has details.
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Grains end mostly lower with technical selling after the USDA Ag Outlook forecasts of higher ending stocks. Cattle marked new highs again with tight supplies expected in the COF, BSE news, strong product values. Hogs higher except April, with strong cutouts supportive. Mike Zuzulo of Global Commodity Analytics has details.
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Grains are mostly lower as markets consolidate after corn and beans hit chart resistance yesterday, a lack of fresh bullish news and USDA's Ag Outlook numbers showing higher acres and lower price projections. Live cattle make more contract highs on the atypical BSE case in Brazil, hogs still plagued by increasing numbers. Jeff Hoogendoorn of Professional Ag Marketing has more.
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Grains start steady to slightly higher but are seeing two-sided trade. USDA Ag Outlook numbers were released but the market seems to be consolidating and looking for direction. Cattle continue to make new highs with strong cutouts and the atypical BSE case in Brazil. Hogs still consolidating. Chuck Shelby of Risk Management Commodities has more.
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Markets continue lower except cattle at midday. Corrective selling and lower crude oil pressuring corn and beans as well as the sharply lower wheat market with moisture in HRW areas. Cattle continue to see support from higher cash, cutouts, weather and lower corn. Hogs down with a drop in the cutouts. Randy Martinson of Martinson Ag has details.
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Grain and livestock markets see early pressure. Soybeans and corn are seeing profit taking and have worked in the Argentina crop concerns. Cash basis levels on grains are also starting to soften in the country. Nick Tsioilis of Farmer's Keeper says there is downside risk and provides some marketing advice.
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Higher closes except wheat as soybeans and meal added risk premium after frost in Argentina. However, beans failed to take out last week's highs, so can the rally continue? Corn tried to follow but continues to coil, while wheat is lower on forecasted moisture in HRW areas. Cattle higher working in strong cash and cutouts and those same fundamentals helped hogs rally. Matt Bennett of AgMarket.Net has analysis.
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Markets are mostly higher at midday with cattle and hogs supported by higher cash and cutouts. Soybeans and meal up on Argentina frost and trying to pull corn along. Brad Kooima of Kooima Kooima Varilek.
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Soybeans and meal higher on Argentina frost and corn and wheat trying to follow but watching geopolitical headlines and outside markets. Livestock supported early with higher product values and higher cash. Darin Newsom with Barchart has details.
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Grains were leaning higher on Friday in a quiet session but were all down slightly for the week. Row crops are searching for direction and the next bullish story out of South America. Wheat may start to put in war premium with upcoming talks on the Black Sea Export deal. Live cattle scored contact highs with higher cash. Southern deals were $162 up $2. $257 in the north.
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Markets have all turned back higher midday, shaking off the negative outside markets....except cotton. What else are we trading? Shawn Hackett of Hackett Financial Advisors has analysis.
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Grains seeing a little early strength with a drop in Argentina crop ratings, and some corn export biz. Markets are holding up well with the risk off in outside markets. Cattle continue to consolidate in the face of bullish news. Kent Beadle of Paradigm Futures has more.
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Grains end quietly higher still consolidating under Monday's chart highs and looking for direction from South America's crop size, weather or the export front. Cattle see profit taking waiting for confirmation of higher cash before moving higher. Hogs see continued profit taking with cutouts still under pressure and fading strong exports. Mike Minor of Professional Ag Marketing has details.
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Grains are mixed midday, as the markets continue to consolidate under Monday's highs. So are the tops in soybeans, meal and corn without further problems in South America? Cotton continues to slide despite lower acres. While cattle are also seeing profit taking under Monday's contract highs waiting for cash news. Darren Frye of Water Street Solutions has details.
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Grains open slightly lower on follow through selling then turn mixed, digesting export news and watching weather. However, all the grain markets are consolidating under Monday's highs. So are the seasonal highs in? Rich Nelson of Allendale has the answer, plus cattle are mixed awaiting cash direction. However, hogs are under pressure with lower cutouts and fading a strong weekly export figure.
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Grains end lower in a risk off session with the higher dollar, and no new bullish SA crop story. Plus, there was some profit-taking after hitting chart resistance. However, moisture in HRW areas also weighed on wheat. Milk futures continue to slide, will they bottom soon? Bryan Doherty of Total Farm Marketing has the answer.
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Grains continue lower on profit taking and risk off in outside markets with crude oil lower and the higher dollar. Plus, the markets may have worked in most of the SA crop concerns. Live cattle consolidating but higher cash could pull the market back higher, while hogs are seeing some profit taking with the futures premium to the LHI. Vince Boddicker of Farmers Trading Company has more.
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Grains lower with profit taking in a risk off session in outside markets including lower crude oil and a higher dollar. However, are the SA crop concerns worked into the market? Livestock 2-sided early with live cattle waiting for cash direction. Will it be higher again this week? Scott Varilek of Kooima Kooima Varilek has details.
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Grains ended mostly lower with some speculative profit taking, working in SA weather, precip in HRW areas and outside markets influence. Cattle saw a healthy correction awaiting cash news, while hogs were supported by ASF news and the bottoming cash market. Garrett Toay of AgTradeTalk has analysis.
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Cattle seeing some profit taking, but is it just a healthy correction? And will cash cattle continue to move higher this week. Hogs supported by ASF in Hong Kong. Meanwhile soybeans and meal are consolidating, is the bullish SA news dialed into prices? Brad Kooima of Kooima Kooima Varilek has the answers.
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Grains mixed early with soybeans and meal seeing some profit taking. Crude oil lower, put equities rebound after CPI data showing inflation is still alive. Cattle seeing some profit taking. Darin Newsom of Barchart has details.
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Markets closed mostly higher with contract highs in soybean meal on South American crop concerns. That supported soybeans and corn, but they ended off highs running into chart resistance. Wheat continued to trade Black Sea export concerns. Contract highs in live cattle working in higher cash. John Payne of Hedge Point Global Markets has more.
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Grains all higher at midday. Soybean meal is making contract highs and soybeans and corn are up with SA crop concerns but both have hit chart resistance. Wheat is following row crops but still putting in war premium. Live cattle make contract highs with higher cash. Randy Martinson of Martinson Ag has more.
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Grains mixed with profit taking in wheat, while new contract highs in soybean meal supporting soybeans and corn is following. Cattle see follow through strength after higher cash, with hogs trying to follow but will the rally hold? Allison Thompson of The Money Farm has the answers.
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Geopolitical headlines sparked technical buying in grains and crude oil today, including Russia's oil production cut. New contract highs in soybean meal due to Argentina production concerns and talk of China soybean business also fueled the soybean rally. Will it continue into next week? And what about future Fed rate hikes? Tommy Grisafi of Advance Trading covers all these topics.
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Grains are higher with corrective buying but wheat is also leading putting in war premium. Crude oil and Argentina weather also supportive. Nearby live cattle are up on higher cash and could rally more if higher cash is confirmed in the south. Meanwhile hogs are mixed. DuWayne Bosse of Bolt Marketing breaks it down.
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Markets are mostly higher early except for a few of the hog contracts. Cattle moving near contract high areas with the higher cash in the north at mostly $254, but also $157-$160. South is yet to trade any volume. Hogs mixed with most of the trade still trying to pick a bottom. Corn and soybeans see a technical bounce with help from strong cash basis, SA weather and higher crude oil. Scott Varilek of Kooima Kooima Varilek has details.
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Grain markets end lower as profit taking sets in with weather, outside markets and export demand still factors. Yet grains still rangebound. Livestock also consolidate as cattle wait for cash direction. Chuck Shelby with Risk Management Commodities has more.
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Markets are lower except for cattle. Grains are seeing profit taking, with lower crude oil, U.S. and SA weather a factor as well as exports. What continues to keep grains at these current price levels and what could change all that? A longer term outlook with Steve Freed ADM Investor Services.
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Corn and soybeans 2-sided trade early watching SA weather, export news. Wheat lower on the disappointing weekly exports. Livestock consolidate after early strength, with cattle awaiting cash. Kevin Duling of KD Investors has details.
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Grains end higher after the WASDE and only slight domestic balance sheets changes. USDA and the RGE were more aggressive on Argentina cuts but most of it is priced in. Wheat saw short covering on geopolitical concerns as Putin says he's unhappy with the export corridor. Hogs bounced with higher cash and cutouts, while cattle consolidated awaiting cash. John Heinberg of Total Farm Marketing has more.
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Grains mostly higher after the WASDE with cuts in the Argentina corn and soybean crop outweighing the increase in corn and soybean ending stocks. Wheat very few changes but is trading geopolitical concerns. Live cattle mixed, with feeders watching higher corn, hogs see short covering. Jim McCormick of AgMarket.Net has details.
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Grains firmer ahead of the report. Soybeans and meal are the strongest supported by SA weather. Cattle seeing more profit taking, while hogs are mostly lower. Michelle Rook has an update.
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Grains end mostly lower positioning ahead of the WASDE Report, as the trade watches South American production and weather. However, there was some profit taking in soybeans and meal/oil spreads as soybean oil followed higher crude oil. Corn followed soybeans and continued to fail at chart resistance. Live cattle made more contract highs but ended lower on profit taking with some short covering in hogs as they are oversold. Mark Schultz of Northstar Commodity has analysis.
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Cattle futures set back, but with higher cash and cutouts and tight supplies is this just healthy profit taking? Hogs try to recover after technical damage and China trade concerns. Corn and soybeans position ahead of the report but are still rangebound. Brad Kooima of Kooima Kooima Varilek has analysis.
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Grains higher early except corn, but soybeans and meal are starting to slide as well. Pre-report positioning, SA weather and China trade concerns still being talked about. Wheat getting some support from a lower TX crop rating. Cattle are consolidating after contract highs in LC yesterday, while hogs started higher but are seeing technical selling pressure set back in. Tomm Pfitzenmaier of Summit Commodity Brokerage has more.
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A mixed day in grain and livestock. Profit taking hit soybeans, meal (after new contract highs) and cotton, plus rising China tensions. Corn was slightly higher but is stuck in a trading range, while wheat was mixed but holding support. Live cattle made new contract highs again with higher cutouts and cash with some reports of $159-$160. Hogs weighed on by China news and the futures premium to the LHI. Alan Brugler of Brugler Marketing has details.
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Grains lower with profit taking in soybeans and meal, some rain in the forecast for Argentina and China tension rising. Corn and wheat following. Cattle are trading mostly higher in the nearbys with some new contract highs in LC on lower corn, higher cash and cutouts. Hogs are also concerned about the China news and the futures premium to the LHI. Randy Martinson of Martinson Ag has more.
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Grains mixed early with wheat higher putting in risk premium and bouncing off technical support, profit taking in soybeans and meal with some concerns about rising China tensions. Corn is caught in the middle despite some export biz to Mexico and Japan. Live cattle are consolidating after new contract highs last week, with steady to higher cash in the north. Funds are back selling hogs with China concerns. Kent Beadle of Paradigm Futures has details.
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Grains and cotton mostly lower, except corn and new contract highs in soybean meal. The risk off outside markets such as lower crude oil and a sharply higher dollar weighed on futures. However, South American weather is still in focus. Livestock end mostly higher with new contract highs in live cattle and cash cattle in the north at $248-Mostly $250 up $2 and $159. Darin Newsom with Barchart has details.
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Grains are unchanged to lower with the higher dollar and risk off in outside markets, plus technical selling after hitting chart resistance, especially on corn. Cattle mixed awaiting cash, hogs fail....again. Garrett Toay of AgTraderTalk has analysis.
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A mostly lower start in grain and livestock futures. A risk off day in the outside markets with a higher dollar on better-than-expected Jobs Report spills over into commodity sector. Soybean meal scores contract highs again overnight, Argentina crop conditions improve but extended weather is hot and dry. Allison Thompson of The Money Farm has details.
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Grains closed mixed with corn and KC wheat running into chart resistance, but new highs in soybean meal on Argentina weather supported soybeans. Livestock rebounded on technical short covering, but cattle are still digesting the inventory numbers and got help from strong exports. Chip Nellinger of Blue Reef AgriMarketing has more.
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CattleFAX provided their cattle price outlook for 2023 and beyond. Michelle Rook talks with Kevin Good of CattleFAX about the record prices ahead.
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Grain and livestock futures seeing some early strength. Grains see technical buying, with weather back drier in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer's Keeper.
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Cattle futures end lower fading USDA's Cattle Inventory Report but do the historic numbers eventually push cattle to record highs? Hogs resume their slide, while grains ended mixed as soybeans see profit-taking. Is the weather rally over? Brad Kooima of Kooima Kooima Varilek has more.
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Grain and livestock futures saw some 2-sided trade mostly on end of the month positioning, profit taking and spread unwinding. However, corn and soybeans failed to take out chart resistance. Oliver Sloup with Blue Line Futures has analysis.
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Grains rebound midday with help from the reversal in outside markets like crude oil. Live cattle are mixed after new highs Monday with bullish hopes for the USDA Cattle Inventory Report. Hogs lower with the futures premium to the LHI and cash. Scott Varilek of Kooima Kooima Varilek has details.
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Grains are seeing corrective buying end of month and after running into chart resistance, plus a risk off in outside markets. Live cattle are also seeing profit taking after new contract highs, while hogs continue their recovery. Rich Nelson of Allendale has more.
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Grains were mostly higher with new contract highs in soybean meal putting in South American weather premium, but corn a reluctant follower. Live cattle score new contract highs on higher cash, but can the market keep moving higher? Matt Bennett of AgMarket.Net has the answers.
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Grains are higher except corn, with weather concerns in South America. How much higher can soybeans go? Live cattle make new contract highs with help from higher cash despite the lower equities ahead of the Fed meeting. Ted Seifried of Zaner Ag Hedge has analysis.
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Grains higher early with technical buying after higher weekly closes and putting in weather premium. Soybeans up 20-cents with a drier Argentina weather forecast and wheat is putting in some weather premium as well. Cattle higher with $1 higher cash on Friday in the South and ahead of the Cattle Inventory Report. Hogs back lower. Michelle Rook has a quick update.
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Grains close mixed Friday with profit taking and Argentina rain weighing on soybeans, but all the grains posted higher weekly closes. Cattle ended higher on Friday with $156 cash in the South and futures were up for the week. Hogs ended mixed on Friday on bear spreading but back months built on Thursday's reversals. Randy Martinson of Martinson Ag has more.
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Grains have turned mixed after early profit taking and are working on higher weekly closes. Cattle and hogs are mostly higher as well, despite soft cash. John Heinberg of Total Farm Marketing has details.
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Livestock opened higher but live cattle fade after yesterday's disappointing cash trade. Hogs are failing to build on yesterday's technical reversal. Grains lower on profit taking. Scott Varilek of Kooima Kooima Varilek has more.
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Grains higher on technical buying, Argentina crop losses, weather and risk premium. Profit taking in #cattle with cash steady to lower and higher corn. Hogs higher but is the bottom finally in? Vince Boddicker of Farmers Trading Company has more.
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Grains higher with technical buying, weather and export news all factors. Cattle seeing profit taking awaiting cash, while hogs see some shortcovering. Michelle Rook has details.
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Grains and cotton higher on export news, higher crude oil, with soybeans building on the strong close over $15 yesterday and higher meal prices. Cattle futures seeing profit taking awaiting cash but continue to show bullish optimism in the deferreds. Hogs are down but April should find support around $80. That's according to John Payne of Hedge Point Global Markets.
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Soybeans and meal ended higher on technical buying, signaling the market may have taken out enough weather premium. Wheat saw more short covering, but corn ran into chart resistance and could not follow. Live cattle were mostly higher with the back months scoring new contract highs, but can they keep going? Hogs are oversold, but still ended lower. Don Roose of U.S. Commodities has analysis.
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Cattle mxed with hogs lower at midday but what is it going to take to bottom the hog market? Grains trying to hold gains led by wheat, which may be putting risk premium in. Have soybeans taken out enough Argentina weather premium? Jeff Hoogendoorn of Professional Ag Marketing has analysis.
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Grains mixed with wheat seeing follow through corrective buying, soybeans under pressure with more technical selling and good rains in Argentina. Corn is caught in the middle. Cattle and milk markets are lower. Bryan Doherty of Total Farm Marketing has details.
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Corn and wheat held on to grains on corrective buying, but soybeans couldn't stay above $15 with a pick up in farmer selling and improved weather in Argentina. Live cattle saw some light fund buying awaiting cash and another winter storm, with feeders mixed. Hogs still can't find a bottom with rising slaughter numbers and soft cash. Brian Grete with Pro Farmer has analysis.
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Cattle futures under pressure with higher corn and fears of lower cash, hogs can't seem to find a bottom. Grains started off with some corrective buying but that is drying up in soybeans. Brad Kooima of Kooima Kooima Varilek has details.
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Grains seeing a technical bounce this morning, but will it hold? Cattle under pressure in response, while hogs are slightly higher but are they trying to bottom? Tomm Pfitzenmaier of Summit Commodity Brokerage has details.
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Grains end lower after beneficial rains in Argentina and technical selling, but how much more downside risk is there in the grains? Cattle bounce with friendly COF but this week's cash is key, while hogs slide with cash again. DuWayne Bosse of Bolt Marketing has analysis.
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Markets Now: Natural gas prices rebound Monday after hitting lows not seen in a year. Is the bottom in? John Wenzel, Senior Risk Management Consultant with StoneX has details and the crude oil and diesel fuel market outlooks.
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Grains lower with technical selling and improved weather in Argentina and the Southern Plains. Livestock higher with lower corn and friendly COF numbers. Michelle Rook has midday analysis.
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A lower opening in grain with rains over the weekend in Argentina and more technical selling. Cattle supported by friendly COF Report numbers, while hogs are back lower. Kevin Duling of KD Investors has analysis.
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Grains ended mixed on Friday with corn and beans lower still removing South American weather premium, while wheat saw some short covering. Soybeans and wheat were lower for the week, while corn was nearly flat. Livestock ended higher on Friday with some end of week short covering, but still posted lower weekly closes off disappointing cash. Arlan Suderman of StoneX Group has analysis.
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Most markets are higher at midday except soybeans with some end of week short covering in livestock, a change in weather supporting wheat, but soybeans are still removing Argentina weather premium. Shawn Hackett of Hackett Financial Advisors talks about all that....plus China's rebound in demand coming out of COVID and what that means for crude oil, nat gas and ag commodities.
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Hogs and cattle trying to recover early after yesterday's selloff due to disappointing cash and ahead of USDA Reports. Grains started off higher with decently weekly exports, but traders are still cautious with improving weather in Argentina and the Southern Plains. Scott Varilek of Kooima Kooima Varilek has details.
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Grains, cotton and livestock end lower as a risk off day in equities spills over. However, grains also saw follow through technical selling and were removing weather premium with precip chances in Argentina and the U.S. Southern Plains. Livestock were also pressured by lower cash. Full analysis with Darren Frye of Water Street Solutions.
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Soybeans continue to see technical selling as the market removes weather premium, while corn and wheat are seeing a bit of a technical bounce. The risk off in the equities continues to pressure livestock was well as lower cash. Jeff Hoogendoorn of Professional Ag Marketing has analysis.
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Grains seeing follow through selling this morning after poor closes yesterday and removing weather premium with better conditions in Argentina and the U.S. Southern Plains. Livestock are also lower with more technical selling pressure and lower cash and cutouts, plus a risk off outside market environment. Allison Thompson of The Money Farm has more.
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Grains ended lower on Wednesday. Jim McCormick of AgMarket.Net says traders took profit taking as markets hit chart resistance, but soybeans, meal and wheat also removed some weather premium. Cattle saw some short covering, but weather and report positioning were also factors. Hogs continued to slide with cash.
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Cattle futures are higher with short covering, putting in weather premium and gearing up for the USDA reports. The markets are also awaiting cash direction. Meanwhile, hogs are lower on China news and lower cash. Grains futures are all lower at midday seeing profit taking after running into chart resistance. Brad Kooima with Kooima Kooima Varilek has more.
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Corn and soybeans see profit taking and corrective selling after the strong close yesterday, with Argentina rain chances in focus, while wheat sees some follow through buying with the lower dollar. Cattle supported by lower corn, while hogs are still waiting for a cash bottom. Randy Martinson of Martinson Ag has details.
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Grains rallied after several bullish surprises in the USDA report numbers with soybeans back above $15 but is the news enough to keep the markets moving higher? Meanwhile, livestock set back in response to higher corn and in the case of hogs, lower cash. DuWayne Bosse with Bolt Marketing has details.
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Soybeans and meal rally on corrective buying and dry Argentina weather, corn tries to follow but only closes slightly higher with poor demand and lower wheat. Livestock see follow through selling on economic concerns according to Shawn Hackett of Hackett Financial Advisors.
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Joe Vaclavik of Standard Grains says soybeans higher on dry Argentina weather. Corn tries to follow but poor demand is a headwind. Livestock see follow through selling and cash continues to pressure hogs.
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Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after disappointment with steady cash, hogs continue to fall with cash. Chuck Shelby of Risk Management Commodities has more.
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Mostly lower closes, except wheat with the third day of fund liquidation in a risk off environment. Is the liquidation done? Ted Seifried of Zaner Ag Hedge the answer.
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Another day of commodity wide selling and fund liquidation in grain and livestock futures. It's being driven partly by recession and economic concerns and China COVID cases. Darin Newsome with Barchart has details and talks about why he doesn't believe recession is or will take place.
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Grains open mostly lower except wheat, with more fund liquidation, economic and COVID concerns in China, will chart support areas hold? Cattle see profit taking and hogs more technical selling with China demand concerns and lower cash. Rich Nelson of Allendale has details.
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Grains were lower on follow through technical selling, lower crude oil, economic concerns and rising China COVID cases. Cattle saw a corrective bounce helped by corn. Bryan Doherty of Total Farm Marketing has details.
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Grains all lower at midday with more profit taking, technical selling and farmer selling after the year end rally, lower crude oil is also negative. Cattle higher with the drop in corn, while hogs continue to fall looking for a cash bottom. DuWayne Bosse of Bolt Marketing has more.
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Corn and wheat see follow through selling, while soybeans correct with help from higher meal, export biz and hot dry weather returning in Argentina. Cattle seeing some short covering but traders are keeping an eye on the economy and demand. Hogs open mixed. Kent Beadle of Paradigm Futures has more.
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Grain and livestock futures saw a commodity wide selloff on Tuesday tied to the "risk off" in outside markets like crude oil and the higher dollar. However, weekend rains in Argentina also weighed on soybeans. But did soybean do technical damage closing under $15 after hitting some record highs to end 2022 and start 2023? Bill Biedermann of AgMarket.Net has the answer.
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Grain and livestock futures are all down in a commodity wide selloff with the risk off day in the outside markets. However, there is still optimism ahead for markets like soybeans and especially cattle. Scott Varilek of Kooima Kooima Varilek explains.
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Grains open steady to lower with rains over the weekend in Argentina holding back soybeans and meal, but they are still in uptrends. Lower crude oil and a higher dollar weigh on wheat and corn. Cattle opened mixed but look poised to move higher, with hogs lower. Tomm Pfitzenmaier with Summit Commodity Brokerage has details.
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Grains closed mostly higher with soybeans and meal supported by SA crop concerns & export demand. Wheat saw short covering while corn ended slightly lower. Livestock ended mostly lower on EOY profit taking. John Payne, Hedge Point Global Markets has more.
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Grains continue mostly higher, but wheat has taken the lead. Soybeans saw fund buying with lower Argentina crop ratings and contract highs in meal supportive, and corn followed. Wheat has started to lead on short covering. Cattle are seeing profit taking after new contract highs yesterday and higher cash. Hogs mixed. Kent Beadle of Paradigm Futures.
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Grains higher early with soybeans leading on Argentina weather concerns and new contract highs in soybean meal and fresh export sales, corn and wheat following. Cattle are mixed with hogs mostly lower. Michelle Rook has details.
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A mixed day in grain and livestock markets. Soybean held above $15 maintaining Argentina weather premium, while corn hit chart resistance and set back with wheat on end of the year profit taking and rising COVID cases in China. Live cattle made some new contract highs with weather and firming cash bids, while hogs consolidated. John Heinberg of Total Farm Marketing has details.
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Corn and wheat seeing some end of year profit taking with China COVID concerns, while soybeans are still holding some SA weather premium. Cattle are also supported by weather, with profit taking in the hogs. Chuck Shelby of Risk Management Commodities explains.
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Corn and wheat see end of year profit taking and surging COVID cases in China, while soybeans are up supported by SA weather. Cattle are higher with lower corn and weather supportive, while hogs also see profit taking. Randy Martinson of Martinson Ag has details.
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Chip Nellinger with Blue Reef Agri-Marketing talks about the strong close in corn and beans and how long the weather rally may continue. Livestock mixed to higher on EOY positioning after new highs Tuesday, cattle await cash direction.
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Grains mostly higher with Mar soybeans above $15 continuing to trade SA weather. Corn is also strong, but can it take out chart resistance? Livestock are mostly lower, seeing some end of year profit taking after new highs Tuesday. Jeff Hoogendoorn of Professional Ag Marketing has details.
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Grains mostly higher early except fractional losses in corn. However, corn basis levels are still at 20 year highs providing selling opportunities. Soybeans are supported by SA weather, but can we stay above $15? Nick Tsiolis of Farmers Keeper has details.
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Grains end mostly higher but soybeans can't close above $15 and soybean meal ends off highs after making new contract highs. Live cattle do the same. Corn closes strong, so will there be follow through buying? Matt Bennett of AgMarket.Net has details.
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Live cattle score new contract highs early on weather and the COF report reaction, then set back on hedge pressure. Hogs also hit new highs after the report. Corn and soybeans are putting in SA weather premium but will it hold? Brad Kooima of Kooima Kooima Varilek has analysis.
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Grains mostly higher except wheat, with bullish outside markets, corn export biz, China easing COVID rules and putting in South American weather premium. Live cattle scored some new contract highs early with higher cutouts, working in report numbers. Feeders set back with higher corn and hogs trade higher with new highs in deferred reacting to the bullish USDA report. Michelle Rook has details.
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Markets ended the week higher except for hogs. Grains saw technical buying and pre-holiday positioning, export biz and weather supportive. Cattle were up with southern cash at $156 and sharply higher cutouts. COF was as expected except for placements at 98%, above estimates. Hogs saw profit taking with lower cash. The Hogs and Pigs report was in line with trade estimates. Scott Varilek of Kooima Kooima Varilek has analysis.
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Grains higher on short covering, export biz and weather. Cattle mostly higher higher heading into the report and with strong cash and cutouts, hogs consolidate with lower cash. John Payne of Hedge Point Global Markets has analysis.
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Grains see early strength on holiday positioning, friendly outside markets and fresh corn and soybean export sales. Cattle are higher with steady to better cash news and report positioning, while lower cash is pressuring hogs. Michelle Rook has details.
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Grains lower except HRW wheat with profit taking, disappointing exports and GDP news pulling down futures. Cattle mixed, with hogs higher ahead of USDA reports and EOY. Mike Zuzulo of Global Commodity Analytics has analysis.
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Grains are mostly lower with profit taking and slow exports weighing on the corn and soybeans, wheat is trying to maintain weather premium. Livestock are seeing profit taking after the big up day Wednesday and new contract highs in live cattle, plus beef exports were poor. Michelle Rook breaks it down.
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Grain and livestock futures close higher on Wednesday. What was behind the commodity wide rally and new contract highs in live cattle? Darren Frye of Water Street Solutions has the answer.
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Grain and livestock futures are mostly higher midday with weather, end of year positioning and light holiday trade all contributing to the rally. Chip Nellinger of Blue Reef Agri-Marketing has more.
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Grains see follow through technical buying under light volume, with weather supportive. Cattle open mixed with hogs higher waiting for the USDA reports Friday. DuWayne Bosse of Bolt Marketing has details.
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Grains rebound on technical buying with thin holiday volume, but can soybeans hit $15? Live cattle lower on profit taking ahead of COF report, with hogs following lower cash. Brian Grete, Pro Farmer has analysis.
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Live cattle look lethargic midday despite positive fundamentals & higher feeders, hogs are mostly lower. Grains higher with technical buying and weather a factor. Brad Kooima of Kooima Kooima Varilek has details.
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Grains see corrective buying but will it hold? And does the wheat market need to add some weather premium? Livestock under pressure with cattle still ignoring the weather, while lower cash and cutouts weigh on hogs. Analysis with Allison Thompon of The Money Farm.
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Grains ended lower on end-of-year fund liquidation and removing South American weather premium. Livestock were two sided with year end position squaring and largely ignoring weather. Alan Brugler of Brugler Marketing discusses whether this will continue for the next couple of weeks.
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Grains continue to see fund selling with a lack of supportive news and thin holiday volume. Livestock are trading both sides of steady, but nearby futures are still pricing in recession and demand concerns and failing to add weather premium. Vince Boddicker of Farmers Trading Company has details.
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Grains lower with more fund liquidation in pre-holiday trade, with SA rains and China COVID concerns, U.S. weather being watched. Livestock firmer with the lower feed prices and cold weather. Kevin Duling of KD Investors has details.
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Grains ended mixed on Friday with soybeans supported by meal and strong demand, while corn and wheat saw technical selling with the risk off in outside markets like crude oil continue. Livestock rebounded with help from strong cash and cutouts. Arlan Suderman of StoneX has details.
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Grains mixed today with livestock higher, but what is ahead for the agricultural market in 2023 with growing talk of recession? Steve Freed of ADM Investor Services has the outlook.
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Soybeans rebound following meal and with Argentina crop concerns. Corn and wheat mixed, but is wheat trying to bottom and will that help corn? Livestock rebound on better cash and cutouts. Randy Martinson of Martinson Ag has analysis.
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Markets Now: A risk off day in outside markets pulls down livestock and soybeans. Wheat supported on weather concerns and technical buying, Jim McCormick with AgMarket.Net has details.
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Livestock seeing fund selling again and spillover from the lower DOW. Light cash cattle trade developing at $248 and $155. Soybeans and products are seeing corrective selling, with corrective buying in wheat, which is supporting corn. Scott Varilek of Kooima Kooima Varilek has details.
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Grains mixed early with soybeans consolidating despite strong weekly exports, technical buying supporting wheat and corn. Livestock see follow through selling, profit taking and hedge pressure with lower product values. Kent Beadle with Paradigm Futures.
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A mostly lower day in grain and livestock futures with technical selling as funds were cautious ahead of the Fed announcement. Don Roose of U.S. Commodities has analysis.
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Livestock sided early, now consolidating with caution ahead of the Fed announcement and with lower product values. Wheat is lower with moisture in drought areas which is pulling down corn, along with technical selling. Soybeans rebounded with higher products and Argentina weather concerns. Jeff Hoogendoorn of Professional Ag Marketing has details.
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Grains lower this morning seeing profit taking and technical selling after a disappointing close yesterday in corn and wheat, and with caution ahead of the Fed announcement today. Moisture is the Plains and Corn Belt is also a factor. Livestock are trading mixed consolidating after a higher day yesterday and with new contract highs in deferred live cattle. Michelle Rook has details.
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Livestock and soybeans end higher with corn, wheat and the DOW fading early gains fueled by the better CPI news. Mark Schultz with Northstar Commodity has details.
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Mostly higher grain and livestock prices continue except feeders with help from outside markets, especially the sharply lower dollar. Higher product values continue to support cattle and hogs and firm cash ideas. Brad Kooima of Kooima Kooima Varilek has more.
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Higher grain and livestock futures with a risk on day as the outside markets are responding positively to the better than expected CPI. Michelle Rook has details.
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Higher grain and livestock futures with a risk on day as the outside markets are responding positively to the better than expected CPI. Michelle Rook has details.
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Grains closed quietly mixed after the WASDE with few changes in the balance sheets except U.S. corn. Argentina weather concerns were the biggest market mover for the week, driving meal into new contract highs. Cattle higher, absorbing the lower cash fairly well. Hogs had a tough down week. Michelle talks to Garrett Toay AgTraderTalk.
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Grains mixed after the WASDE. The only change USDA made to U.S. ending stocks was in corn by lowering exports. They also left SA corn and soybean production unchanged. Brian Splitt of AgMarket.Net has analysis.
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Grain mixed early with soybeans setting back despite new highs in meal again. So is the market losing momentum? Corn basis strongest in 20 years so what does that mean for marketing? Cotton and cattle higher. Darin Newsome, Sr. Market Analyst for Barchart has details.
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Grains open higher with more technical buying, soybeans still leading with NCHs in meal and strong export business. Cattle up on higher product values, lower hogs with poor exports. Rich Nelson of Allendale.
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Corn and wheat end higher but will there be any follow through buying tomorrow? Soybeans and meal continue to put in SA weather premium can beans take out $15? Live cattle ended mostly higher with higher cutouts, feeders lower with higher corn, short covering in hogs. Chuck Shelby of Risk Management Commodities has details.
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Corn and wheat higher on corrective buying with contract highs in meal and SA weather supporting soybeans. Cattle consolidate despite higher cutouts at noon, with hogs higher. Allison Thompson of The Money Farm has analysis..
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Grains end mixed with soybeans higher following new contract highs in meal, Argentina dryness and export biz. More technical selling in corn and wheat. Livestock under pressure on consolidation and lower product values. DuWayne Bosse of Bolt Marketing has details.
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Livestock consolidating with higher feed prices and weak product values. However, cattle are still supported by stronger cash. Grains mixed with soybeans and meal seeing a big rally on export biz and Argentina weather concerns, corn is trying to follow. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
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Soybeans are up with meal, 18.5 mb of export biz and dryness in Argentina, corn is trying to follow while wheat is seeing more fund selling with a record Aussie crop. Livestock consolidate with higher corn and lower product values. Michelle Rook has analysis.
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More technical selling and fund liquidation in the grains. Lower CO and the higher dollar also pressured the market late. Livestock ended mixed. Michelle Rook has details with Randy Martinson of Martinson Ag.
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Soybeans still slightly higher with China's easing COVID policy, export demand and higher meal, but soybean oil is pulling contract off their highs. Corn and wheat seeing more fund liquidation with slow demand. Cattle supported by lower corn and strong cash, with more technical buying in hogs. Michelle Rook has analysis.
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Markets are mixed and quiet early today. Can corn and wheat recover after the technical damage done last week or will funds continue to sell? Soybeans continue to be supported by SA weather and China's easing COVID policy, despite the implosion in BO. What's ahead for cattle in the new year? Kevin Duling of KD Investors has details.
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An ugly day in corn and wheat futures with massive technical selling, closing below key support. Soybeans recovered despite another sharply lower day in soybean oil. Cattle and hogs closed mostly higher, with lower corn, firm cash cattle trade and technical buying in hogs. Darren Frye with Water Street Solutions has details.
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Grains mixed midday with more fund selling in corn and wheat, while soybeans bounce despite lower soybean oil. Livestock higher, with strong cash cattle trade and lower corn. Chip Nellinger of Blue Reef Agri-Marketing has details.
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Grains mixed with corn and wheat seeing more technical selling with the higher dollar, while soybeans are seeing a technical bounce, despite the continued sharp selloff in soybean oil. Live cattle see early pressure despite steady to higher cash, profit talking in hogs. Michelle Rook has analysis.
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Thursday was a lower day in the grains, but soybeans took the biggest hit with the implosion in soybean oil after disappointment in the RFS volumes from EPA. Disappointing exports also added to the technical selling. John Payne of Hedge Point Global Markets has details.
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Live cattle back lower with more steady cash trade today a bit disappointing for the bulls. Hogs extend gains on short covering. Grains still under pressure with slow exports, profit taking and lower soybean oil a drag on soybeans. Pat Von Tersch with Professional Ag Marketing has details.
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Cattel mostly higher on lower corn and steady cash, hogs mostly higher on better China news but disappointing exports. Grains start lower with slow weekly exports, some profit taking in beans and wheat and soybean oil is a big drag on talk of disappointing RFS biodiesel levels. Scott Varilek of Kooima Kooima Varilek has analysis.
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Mostly higher markets, except corn. Soybeans made new highs for the move on the heels of higher soybean meal, dryness in Argentina and China demand. Wheat saw end of month short covering, while funds sold corn. Cattle higher with steady cash and hogs also saw short covering. Outside markets also supportive. Michelle Rook talks with Bryan Doherty of Total Farm Marketing.
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Markets leaning higher midday, except corn. Soybeans supported by China demand news and rally in meal tied to Argentina weather. Wheat and hogs are strong on end of the month short covering, while cattle rally with some $155 cash. Jeff Hoogendoorn of Professional Ag Marketing has details.
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Grains higher early with soybeans making new highs for the move as Congress steps in to avert the rail strike, China soybean biz and possible relaxation of their COVID policy. Cattle consolidating with a short covering bounce in hogs. Kent Beadle of Paradigm Futures joins Michelle Rook with details.
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Both grain and livestock futures end mixed. Ted Seifried, Zaner Ag Hedge calls Tuesday a "bookmark day" with lack of direction and end of the month squaring.
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Grains and hogs mixed and 2-sided at midday. Cattle see technical bounce but will LC retest last week's contact highs and what is the cash outlook this week? Michelle Rook asks Brad Kooima, Kooima Kooima Varilek.
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Soybeans see follow through buying with dry conditions continuing in Argentina, wheat is seeing more technical selling and corn is again caught in the middle. Cattle and hogs are mixed. Michelle Rook talks with Vince Boddicker of Farmers Trading Company.
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Soybeans scores a reversal with crude oil, export news, Argentina dryness & higher product values. Wheat was lower on more technical selling and poor exports, while corn was caught in the middle. Livestock sold off on economic concerns and the lower equities. Michelle Rook with Tomm Pfitzenmaier of Summit Commodity Brokerage.
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Corn and wheat lower on China COVID concerns, poor exports. Soybeans reverse w/ better exports and a rebound in crude oil, plus dry conditions in Argentina. Livestock down on demand fears. Michelle Rook is w/Shawn Hackett, Hackett Financial Advisors
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Grains and cotton under early pressure from China COVID protests and lower crude oil. Dollar is down and could be setting a new four month low. Live cattle open higher then see profit taking despite higher cash. Michelle Rook gets details with Darin Newsome, Sr. Market Analyst for Barchart.
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Corn and soybeans close higher Friday on holiday short covering, wheat sees technical selling with rain chances in winter wheat areas. Milk futures lower with record COVID cases in China, cattle consolidate despite higher cash. Michelle Rook talks with Bryan Doherty of Total Farm Marketing.
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Grains seeing light technical buying continue on light holiday volume, strong corn exports. Livestock have been 2-sided with hogs back up on strong exports and short covering, cattle mixed with higher corn vs. higher cash. Michelle Rook has an update.
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Grains mostly higher on light holiday trade on follow through technical buying, higher crude oil and export news. Cattle opened higher working in the sharply higher cash on Wednesday, then turned lower when corn rallied. Hogs are down following lower cash and cutouts and despite decent exports. Michelle Rook has a summary,
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Grains rally back into the close with technical buying and holiday positioning, but China soybean export business and higher seasonals helped. Cattle closed lower even with higher cash, hogs also sold off. Michelle Rook talks with Mike Minor of Professional Ag Marketing.
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Grain and livestock futures mixed early on pre-holiday positioning. Grains are also watching demand concerns such as China's COVID cases, a possible rail strike and exports. So how long can cash grains prices remain historically strong? Michelle Rook with Nick Tsiolis of Farmer's Keeper.
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Grain markets lower on Tuesday on light preholiday volume. Demand concerns and China's rising COVID cases caused light technical selling. Cattle saw profit taking pressure with hogs mixed. Michelle Rook with Randy Martinson of Martinson Ag.
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After early profit taking live cattle are off lows with the bullish COF and cash ideas supportive. Hogs are seeing fund buying and bull spreading, while corn is two sided and quiet. Michelle Rook w/Brad Kooima of Kooima Kooima Varilek.
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Grains quiet and slightly higher early with spillover from higher CO & the lower dollar, despite more China COVID lockdowns. Cattle see some profit taking, while hogs extend gains. Michelle Rook w/Tomm Pfitzenmaier of Summit Commodity Brokerage.
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Corn and wheat were weaker on poor export inspections and a higher dollar. Cotton was limit down with rising COVID cases, while soybeans shook off the news with strong demand. Cattle saw big gains on the bullish COF report. Michelle Rook w/Mike Zuzulo Global Commodity Analytics.
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Grains lower on technical selling and the risk off in outside markets w/rising COVID cases in China. Cattle open higher w/bullish COF report, hogs mixed. Michelle Rook w/Allison Thompson of The Money Farm.
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Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but can the momentum continue? Hogs saw technical selling, China's pork imports down 60% for the year also a negative. Michelle Rook w/Oliver Sloup of Blue Line Futures.
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Grain mixed with short covering in corn and beans waiting for fresh news, technical selling continues in wheat. Cattle higher with lower corn, higher cash and report positioning. Michelle Rook w/Randy Martinson, Martinson Ag.
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Grains see two-sided trade consolidating, while watching outside markets like crude oil which is seeing a plunge. Cattle seeing higher prices on cash strength and ahead of the report, while hogs see profit taking. Michelle Rook w/ Chuck Shelby of Risk Management Commodities.
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Corn ends slightly higher, wheat off lows, absorbing the Black Sea Export Deal extension. Soybeans saw technical selling pressure w/lower BO. Cattle strong w/higher cash head of COF report. Michelle Rook w/Matt Bennett, AgMarket.Net
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Grains remain lower with more technical selling, extension of Black Sea Export Deal and risk off outside markets. Cattle firmer with lower corn and report positioning, with hogs firming on more technical buying. Michelle Rook w/John Heinberg of Total Farm Marketing.
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Grains lower removing war premium with an extension of the Black Sea Export Deal and risk off outside markets. Feeders bounce on the lower grains, with live cattle mixed on report positioning. Hogs lower on exports and big slaughter. Michelle Rook is joined by Scott Varilek of Kooima Kooima Varilek.
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Grains close lower with soybeans pressured by lower soybean oil and SA rains, corn and wheat removed war premium. However, corn held support with Mexico making its largest single purchase of corn ever. Livestock ended higher with technical buying and softer corn helping out. Michelle Rook talks with Alan Brugler of Brugler Marketing.
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Grains see technical selling removing Black Sea war and SA weather premium. Mexico in for their largest single day purchase of U.S. corn ever. Buy it before you ban it? Michelle Rook talks with Joe Vaclavik of Standard Grain.
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Grains see early pressure removing war/risk premium, with lower crude oil & testing support areas, despite a 73.5 mb sale of corn to Mexico. Cattle higher with the pullback in corn. Michelle Rook w/ Kevin Duling of KD Investors.
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Live cattle bounce off support but where is the market headed? Hogs see more technical buying. Corn holds support at 6.50 and bounces with the soybeans. Michelle Rook has analysis with Brad Kooima of Kooima Kooima Varilek.
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Grains lower on technical selling, lower crude oil, improved SA weather, and Black Sea export deal extension. Live cattle see more technical selling. Hogs higher. Michelle Rook w/ Kent Beadle Paradigm Futures.
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Corn, soybeans lower w/rising COVID cases in China, lower CO and a strong dollar. Wheat sees a technical bounce. Live cattle lower on technical selling. Michelle Rook w/ Darren Frye Water Street Solutions
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Corn and beans down on lower crude oil, higher dollar and more favorable weather in South America. Cattle get help from lower corn but the headwinds are seasonals, lower cutouts and slaughter above last year. Hogs rebound with higher cutouts. Michelle Rook talks with Mark Schultz of Northstar Commodity.
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Grains and cotton end higher on the partial easing of China's COVID policies, higher crude oil and the lower dollar, continuing to digest the CPI data. Cattle saw profit taking. Michelle Rook wraps up the week with Tommy Grisafi of Advance Trading.
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Energy markets are sharply higher with the sharply lower dollar and the easing of China's COVID restrictions. What is the outlook for energy prices and what about the diesel shortage? Are we in jeopardy of running out of diesel supplies in the U.S.? Michelle Rook talks with John Wenzel with StoneX Finanacial.
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Grains and hogs see corrective buying with help from outside markets, especially sharp drop in the dollar...plus China easing its COVID policy. Cattle are seeing profit taking. Michelle Rook w/Pat Von Tersch of Professional Ag Marketing.
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A better-than-expected CPI number pulled money into financial markets and out of most commodities, except cattle. That was despite the sharply lower dollar. Poor exports added pressure. Michelle Rook talks with DuWayne Bosse of Bolt Marketing.
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Technical selling and slow exports weight on grains, despite sharply lower dollar. Cattle are up on lower corn and higher DOW, with hogs following lower cash, slow exports. Michelle Rook is with Jeff Hoogendoorn of Professional Ag Marketing.
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Grain and livestock futures open mixed with positive CPI data impacting the outside markets and crashing the dollar. Exports this morning were disappointing and there is still some digesting of the WASDE. Michelle Rook talks with Steve Freed of ADM Investor Services.
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Corn and wheat ended lower after the WASDE with technical selling and talk of an extension of the Ukraine export deal. Soybeans were able to shake off higher ending stocks in the report with fresh export business and higher soybean oil. Cattle saw following through selling on the lack of cash trade. Michelle Rook talks with Chip Nellinger Blue Reef Agri-Marketing.
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Grains initially lower after the WASDE with a slight increase in corn, soybean and cotton yields, production and ending stocks. The report was a non-event for wheat. Michelle Rook has analysis with Jim McCormick of AgMarket.Net
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Mostly lower markets with spillover from a risk off day in outside markets, election reaction and report positioning. Soybeans are holding up better with 17 mb of export biz. Michelle Rook talks with Rich Nelson of Allendale.
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Markets close mostly lower Tuesday with technical selling in the grains and positioning ahead of the WASDE and fading export biz. Livestock consolidated in an inside day. Michelle Rook is joined by Garrett Toay of AgTraderTalk
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Wheat lower with corn, which is making 5-week lows, on technical selling, lower crude oil and report positioning, while soybeans get help from export biz. Profit taking and money flow in the livestock. Michelle Rook talks to Scott Varilek of Kooima Kooima Varilek.
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Corn and soybeans lower with technical selling and report positioning, despite fresh export business. Wheat sees technical bounce watching news on export deal. Livestock consolidate after a higher day Monday. Michelle Rook talks with Allison Thompson of The Money Farm.
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Soybeans end lower as China refutes a change in their COVID policy and corn followed with poor export inspections. Wheat saw light technical buying and the lower dollar supportive. A big up day in livestock on technical buying and money flow. Michelle Rook has analysis with Arlan Suderman of StoneX Financial.
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Soybeans correct as China says denies easing their COVID policy and corn is following. Wheat seeing a technical bounce with the lower dollar. Export inspections, WASDE and elections all being worked in. Livestock higher on technical buying and higher product values. Michelle Rook talks to Shawn Hackett of Hackett Financial Advisors.
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Markets are mixed to start with plenty of news to digest, including the WASDE, elections, CPI and China's news they aren't easing their COVID policy. Michelle Rook talks with Tomm Pfitzenmaier of Summit Commodity Brokerage.
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Grains mostly lower with technical selling, the sharply higher dollar, weak exports, plus profit taking in soybeans with lower meal. Cattle consolidate despite steady to higher cash Thursday. Hogs mostly lower with weaker cash vs. the futures discount and strong exports. Michelle Rook talks with Don Roose of U.S. Commodities.
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Grains mostly lower with higher dollar, poor corn and wheat exports. Profit taking in soybeans with lower meal. Cattle consolidating despite higher cash, with hogs holding small gains with strong exports. Michelle Rook talks to Vince Boddicker of Farmers Trading Company.
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Grains under pressure with risk off day in outside markets including a sharply higher dollar, markets still removing war premium and exports for corn and wheat were slow. Is the cotton market close to a bottom? Is this a healthy correction in cattle? Michelle Rook asks Darin Newsome of Darin Newsome Analysis.
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Fed announces .75 basis increase in interest rates, what does it mean for commodities and money flow? Corn and wheat end lower taking out war premium, but where do we go from here? Soybeans end higher with help from soybean oil and technical buying, plus hopes China relaxes COVID policy. Michelle Rook talks with Ted Seifried of Zaner Ag Hedge.
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Corn and wheat continue to remove war premium with Russia extending participation in the export deal, while soybeans are holding up with higher soybean oil. Live cattle continue to consolidate ahead of the Fed decision, with hogs following lower cash. Michelle Rook talks to Chip Nellinger of Blue Reef Agri-Marketing.
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Grains open sharply lower on news Russia is extending the export deal. Cattle higher with help from lower corn, but awaiting the Fed decision and cash direction. Hogs set back. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
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Grains were higher with cotton limit up on news China may relax its COVID policy. Southern Hemisphere news was also supportive including the election protest in Brazil. Cattle continue to consolidate ahead of the Fed decision. Michelle Rook is joined by John Payne of Hedge Point Global Markets.
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Corn and wheat opened lower with a change in Russia's stance on the export deal, but soybeans higher with the Brazil truckers strike in protest to the elections. Cattle consolidating ahead of the Fed meeting, with hogs mostly higher. Michelle Rook talks to Randy Martinson of Martinson Ag.
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Grains end higher with Russia suspending the grain export deal, but how much more war premium do the markets need? Cattle set back with higher feed prices, but is the market topping? Hogs end mixed. Michelle Rook is joined by Mike Zuzulo of Global Commodity Analytics.
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Grains still higher after Russia suspends grain export deal but off session highs. Farmer selling, poor export inspections a drag, Cattle set back with higher grains and is cotton ever going to bottom? Michelle Rook talks with Jim McCormick of AgMarket.Net.
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Grains gap higher on the open led by wheat and news over the weekend Russia is suspending the export deal. Livestock set back with higher feed prices. Michelle Rook talks about the impact with Kevin Duling of KD Investors.
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Corn and wheat end lower with the stronger dollar and rain chances in HRW areas, soybeans got help from meal and export business. Live cattle saw end of month profit taking with short covering in hogs. Michelle Rook talks with Darren Frye, Water Street Solutions.
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Grains turn mixed with corn and wheat still under pressure on lower oil and the higher dollar, but soybeans getting support from export biz and higher soybean meal. Cash basis levels remain strong in the west and south, weaker to the east with transportation issues with the crop. What does this mean for grain and livestock producers? Michelle Rook talks with Nick Tsolis of Farmers Keeper.
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Grains under pressure with risk off outside markets and end of month positioning, despite some fresh soybean export biz. Live cattle correcting, while hogs are firmer on short covering. Michelle Rook talks with Rich Nelson of Allendale.
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Grains ended mixed with the lower dollar providing support as well as higher energy prices lifting soybean oil and soybeans. Cattle and hogs were mostly higher with strong cash, but trading within recent highs. Michelle Rook gets insight from Bryan Doherty of Total Farm Marketing.
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Grains mixed and rangebound, watching the outside markets, especially the sharply lower dollar. Cattle and hogs mostly higher pushed by strong cash. Michelle Rook gets analysis from Mark Schultz of Northstar Commodity.
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Grains open mixed with soybeans higher on follow through buying and the lower dollar, while corn is following wheat which is setting back with rains in winter wheat country. Cattle are mostly higher on higher cash ideas and strong product values, with hogs consolidating. Michelle Rook is joined by Tomm Pfitzenmaier of Summit Commodity Brokerage.
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Corn & beans higher with supportive outside markets & lower dollar, wheat weak with HRW rains. Cattle saw profit taking, while hogs were up following cash. Michelle Rook talks with Matt Bennett of AgMarket.Net.
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Live cattle hit new contract highs and then see profit taking, but how high will this market go? Hogs correcting their overbought status, while corn and beans are higher with the plunging dollar and bouncing off support. @michellerookag talks to Brad Kooima of Kooima Kooima Varilek.
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Live cattle hit new contract highs after bullish report, strong cash. Hogs consolidate, while grains see technical selling & lack of bullish news. Michelle Rook talks with Pat Von Tersch of Professional Ag Marketing.
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Grains end mixed on Friday but well off lows with a reversal in outside markets and the lower dollar, which also helped cotton. Grains continue to be focused on demand, especially exports now that harvest is past the 50% mark. Live cattle scored more contract highs in October and December but extending gains will be tied to the Cattle of Feed results. Hogs scored new highs for the move with higher cash supportive. Michelle Rook gets details with Alan Brugler of Brugler Marketing.
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Grain and livestock futures turn back mostly higher following a reversal in the outside markets, including the lower dollar. Michelle Rook talks with Bryan Doherty of Total Farm Marketing about how money flow is impacting the markets.
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Grains under pressure on higher dollar and recessionary concerns, plus harvest and hedge pressure hitting the row crops. Live cattle are seeing some profit taking ahead of the cattle on feed report and hogs are mixed. Michelle Rook talks with Randy Martinson of Martinson Ag.
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Grains saw a technical bounce with help from outside markets, strong soybean exports and fresh business. Live cattle pushed to new highs for the move with help from higher cash and cutouts. Hogs crawled back to end mostly higher except December, with strong weekly exports and cash supportive. Michelle Rook gets a summary from John Heinberg of Total Farm Marketing.
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New highs in LC with higher cash. Feeders and hogs consolidate ahead of COF, w/higher corn. Funds buy grains with "risk on" outside markets, soybean export biz and higher meal. @michellerookag talks with Jeff Hoogendoorn of Professional Ag Marketing.
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Grains open higher with risk on in outside markets and soybeans getting fresh export business. However, cash basis is the real story. Live cattle extend gains with fund buying, feeders and hogs set back on profit taking and fading strong weekly exports.
Michelle Rook talks with Darin Newsome of Darin Newsome Analysis.
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Livestock end higher on fund buying but will deferred cattle make new contract highs? Grains mixed but rangebound. When does that change? @michellerookag asks @OliverSloup
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Grains continue to be mostly lower on fund liquidation, harvest pressure, rain changes in the South Plains and demand concerns. Yet grains are still rangebound. Livestock futures continue to see technical buying and strong fundamentals but how far will those markets extend? Michelle Rook talks with Steve Freed ADM Investor Services.
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Grains open lower with corn seeing harvest pressure and technical selling, while wheat is suffering Black Sea war fatigue and rain chances in winter wheat areas weigh on the market. Soybean caught between lower meal and higher soybean oil. Cattle had a chart breakout Monday but is the market going to make it through the next resistance area on the charts? Hogs get a push from technical buying and stronger fundamentals. Michelle Rook talks with Garrett Toay of AgTrader Talk.
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Technical buying supports rally in livestock, cattle break to new highs for the move. Higher cash also supportive. Grains set back on technical selling, harvest pressure, hopes for Black Sea export deal extension. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
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