Grain Markets React to USDA Report

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A Video Breakdown of the Grain & Livestock Markets


The USDA let down the bull camp yet again and ending stocks are the culprit. It's important in this environment or any environment for that matter to temper expectations and manage risk before data dumps. There are many ways to slice the risk management pie, using futures, options, or a combination. Corn dropped down to technical support, the breakout point from the September 30th quarterly stocks report; we laid this support pocket out in this mornings daily Grain Express..Sign up for your FREE two-week trial!

The report for soybean futures was a little more friendly but they failed to hold gains, post report. We are at significant support levels for corn, soybeans, and wheat as we head towards the final trading session of the week, be sure to sign up for our daily commentary to get our levels every morning.


Cattle markets were mixed on the day as market participants wait for new news to give the market new direction. Cash trade has been steady to blah this week, perhaps we see that pick up into the weekend. Lean hogs ignored a record-breaking export number, which if youve been trading hogs you shouldnt be surprised because you know that hogs futures are crazed.

Click This Link to Watch Our Weekly 2 Minute Drill!

A Video Breakdown of the Grain & Livestock Markets

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