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Market Line Report for Monday, May 16th
Market Line
Market Line Report for Monday, May 16th
June Cattle Hit Previous October Low's
Market Line
Bearish factors continue to stack up in the cattle market, as prices fall to lows not seen since last October.
Corn Rallies & Cattle Dip
Market Line
Corn Rallies and Feeder Cattle suffer the consequences.
Wheat Market Consolidates
Market Line
Wheat markets consolidate yesterday, outside factors remain constant with inflation, rising fertilizer and fuel prices.
Commodities Start Week In Red
Market Line
Commodities started the week off with a rocky start, both corn and wheat lost traction as the trading day continued.
Feeders Hold Firm
Market Line
The Feeder Cattle market held firm last week despite fundamental issues including inflation and rising interest rates.
Corn Planting Behind
Market Line
Wetter forecast could slow down the upcoming corn planting season, which is already behind the ball compared to previous years.
Cattle Cool Off
Market Line
Live Cattle cooled off yesterday while Feeders hold steady, despite a run in higher feed prices.
Grains Continue To Struggle
Market Line
Grains continue to see a rough patch, as bearish factors stack up driving prices lower.
Feeder Cattle Surge Monday
Market Line
Feeder Cattle kicked the week off with a bang, Aug. futures jumping up $5 in just one trading session.
Wheat Cool's Off
Market Line
Some profit taking cooled off the Wheat market last week, driving prices lower to finish the week.
FBI Warns of Cyberattacks and Production Drop Forecast for Corn
The Agribusiness Update
The FBI is warning ag cooperatives to be wary of possible cyberattacks, and the International Grains Council is forecasting global corn production to drop this year.
Florida Blueberry Season and FBI Warns of Cyberattacks
The Agribusiness Update
Florida blueberry season is in full swing, and the FBI is warning ag cooperatives of possible cyberattacks.
India Considers Banning Wheat Exports
Market Line
Concerns continue in the Wheat market as some foreign countries looking at banning exports.
Corn Hit's New High
Market Line
The Grain market really popped yesterday, both Soybeans and Corn saw big rallies while wheat held steady.
Beef Production Lull Could Create Rally
Market Line
Cattle on feed seem to be shifting to lower production, which could prompt a rally in the coming months.
Weather Remains Relevant
Market Line
Wheat was steady to firm while Corn saw more demand, weather playing key role as usual.
Feeder Cattle Continue Rally
Market Line
Feeder Cattle found support with a stronger Cash Market and weaker feed prices.
Georgia Soybean Planting Up 21% and Tractor/Combine Sales Down
The Agribusiness Update
Georgia soybean producers intend to increase planted acreage by 21% this year, and Ag Tractor and Combine sales drop in March for the first time since July.
Cattle Rally Continues
Market Line
The rally continues in the cattle market, as the market finds strength in demand and the upcoming grilling season.