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An up-and-down week for the grains

  • 01

    The grains ended Friday mixed after another volatile week of trading on the CME Group floor in Chicago. Global factors, harvest pressure and export demand continue to drive the markets. Here's a wrapup of this week's trade analysis.

  • 02

    Though they're not typically thought of as fundamentals to the grain trade, world factors like the European debt crisis have had a big effect on grain prices in the last week, says Agriculture.com market analyst Scott Shellady.

  • 03

    The battle for acres in 2012 between corn and soybeans won't be entirely shaped by the economics of input costs and market outlook, one analyst said this week. The reason is that yields are not living up to expectations with continuous corn.

  • 04

    A big story this week has been the continued surge in live cattle futures. "Conditions currently provide an opportunity for producers wanting to protect high prices for live cattle," says market analyst Bryan Doherty.

  • 05

    Is there a soybean 'bear flag' forming? "The markets, with Wednesday's weakness, have broken out of a flag formation to the downside on daily charts, a negative development indeed," says analyst Ray Grabanski.

  • 06

    Like Shellady said this week, all eyes are on the European debt crisis. "There are other countries around the world with exportable supplies competing with the U.S. for market share," say analysts Ron and Sue Mortensen.

  • 07

    China continues to be a big user of another U.S. commodity, distillers dried grains with solubles (DDGS). China was the U.S.'s second-largest export market for DDGS in the first 8 months of the year, the U.S. Grains Council said Friday.

  • 08

    Nebraska farmer and market analyst Roy Smith says the 'dead cat bounce' has arrived this fall. "Whether or not prices will go higher from here, all criteria for a typical bounce have been met including the normal 15 days above the harvest low in cash prices," he says.

European debt, the acreage battle & demand were all big market factors for the grains this week.

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