Midweek markets are setting the stage for Friday’s USDA WASDE report, with traders bracing for what’s expected to be a reduction in both corn and soybean acres. That anticipation kept grain trade choppy, as the market tries to get a handle on just how much tightening may show up in supply numbers.
With harvest right around the corner, analysts say one of the biggest considerations for producers is marketing strategy—whether to store grain on the farm and wait for stronger bids, or deliver into town and take advantage of nearby basis levels. That decision could carry more weight this year, given the uncertainty around yields, demand, and global trade flows.
On the livestock side, cattle futures are working to claw back some of Tuesday’s steep losses. Technical pressure and profit-taking weighed on the market earlier in the week, but Wednesday’s tone was firmer, suggesting some traders see value at these lower levels. Still, volatility is likely to stick around as the trade watches cash activity, demand signals, and overall beef movement in the weeks ahead.
Mark Gold has the Wednesday Market Wrap Up…
