Latest News From Markets

Canadian Competition Bureau Has Major Concerns About Proposed Bunge/Viterra Merger
Canadian Competition Bureau Has Major Concerns About Proposed Bunge/Viterra Merger

Canada’s Competition Bureau said it had identified major competition concerns around the proposed merger between U.S. grains merchant Bunge and Glencore-backed Viterra.

Wheat Higher for Fifth Day, While Corn and Soybeans Take a Break from the Rally: Livestock Fall
Wheat Higher for Fifth Day, While Corn and Soybeans Take a Break from the Rally: Livestock Fall

Grains end mixed with wheat higher for the fifth consecutive day. However, corn and soybeans don't follow. Darin Newsom, Barchart, discusses if the fund short covering rally is about done?

Grains Mixed Early but Is the Market Ready to Take a Breather?  Livestock Trade 2-Sided
Grains Mixed Early but Is the Market Ready to Take a Breather? Livestock Trade 2-Sided

Grain and livestock futures trade both sides of steady early Wednesday after testing the top side of trading ranges. Are grains ready to take a breather? Vince Boddicker, Farmers Trading Company, has details.

Beijing Cautiously Preparing Retaliatory Sanctions Against United States
Beijing Cautiously Preparing Retaliatory Sanctions Against United States

As the U.S. escalates economic sanctions against China, Beijing is preparing its retaliatory measures while cautiously considering the potential economic repercussions, the Wall Street Journal reports.

AgDay Markets Now: DuWayne Bosse Discusses if Grain Markets Can Continue to Rally
AgDay Markets Now: DuWayne Bosse Discusses if Grain Markets Can Continue to Rally

DuWayne Bosse, Bolt Marketing, says wheat continues to pull corn and soybeans higher triggering short covering by the funds. Whether it's the start of a bigger rally is yet to be determined.

Renewable Diesel Facility to Run on Alberta Canola
Renewable Diesel Facility to Run on Alberta Canola

The Imperial Strathcona Refinery in Alberta is receiving a 12% tax credit for its $720 million under-construction canola-based renewable diesel facility.

Grains Rally a Third Day: Can Wheat Continue to Lead and Force a Bigger Rally in Corn and Beans?
Grains Rally a Third Day: Can Wheat Continue to Lead and Force a Bigger Rally in Corn and Beans?

Grains end higher for a third day on speculative short covering and corrective buying. DuWayne Bosse, Bolt Marketing, says wheat is also putting in risk premium. Can it continue to lead row crops higher?

Winter Wheat Adding Risk Premium, Supporting Corn and Soybean Prices:  Livestock Try to Extend Gains
Winter Wheat Adding Risk Premium, Supporting Corn and Soybean Prices: Livestock Try to Extend Gains

Grain and livestock futures try to extend gains for a third day. Kent Beadle, Paradigm Futures, says there are several fundamentals driving it but technically markets have also seen strong action.

AgDay Markets Now: Jim McCormick Says Wheat Leads the Grains Monday.  Are the Markets on the Verge of a Breakout?
AgDay Markets Now: Jim McCormick Says Wheat Leads the Grains Monday. Are the Markets on the Verge of a Breakout?

Jim McCormick, AgMarket.Net, says the wheat market is adding risk premium and if it keeps going corn and soybeans could follow producing a sustained fund short covering rally.

Grain and Livestock Prices Higher in a "Risk On" Day, Adding Risk Premium:  Is This Just the Start?
Grain and Livestock Prices Higher in a "Risk On" Day, Adding Risk Premium: Is This Just the Start?

A risk on day resulted in higher closes in both grain and livestock futures.  What drove the buying, and will it continue? Jim McCormick, AgMarket.Net, has details.  

Cattle Rally on Bullish COF Placements: Grains See More Short Covering on Weather
Cattle Rally on Bullish COF Placements: Grains See More Short Covering on Weather

Cattle rally with bullish placements in the Cattle on Feed report and steady Southern cash says Brad Kooima, Kooima Kooima Varilek. Hogs fail after a chart breakout. Grains rally on EU weather/frost & short covering.

AgDay Markets Now:  Rich Nelson Discusses If Grain Markets Can Sustain Friday's Rally and Add Risk Premium
AgDay Markets Now: Rich Nelson Discusses If Grain Markets Can Sustain Friday's Rally and Add Risk Premium

Grains close higher on Friday on short covering and putting in some risk premium, but will the rally continue into next week? Rich Nelson, Allendale, Inc, says it will be a tough lift.

Vilsack Again Taps CCC, This Time for Food Aid
Vilsack Again Taps CCC, This Time for Food Aid

USDA and the U.S. Agency for International Development (USAID) announced the release of $1 billion in previously allocated food aid.

Gulke: The Grain Markets Need to Add Risk Premium
Gulke: The Grain Markets Need to Add Risk Premium

Despite being lower for the week, the grain markets all closed higher on Friday and might have been putting in risk premium says Jerry Gulke, president of the Gulke Group.

Grains See a Strong Rally Friday: Was it Just Short Covering?  Steady Southern Cash Supports Live Cattle
Grains See a Strong Rally Friday: Was it Just Short Covering? Steady Southern Cash Supports Live Cattle

Grains close higher on short covering and putting in some risk premium.  Live cattle ended higher with steady Southern cash. Hogs broke above chart resistance. Rich Nelson, Allendale, Inc. covers it all.  

Soybean Outlook: 5-30-90 Days (4/19/24)
Soybean Outlook: 5-30-90 Days (4/19/24)

Pro Farmer recaps the week's price action for soybeans and shares outlook broken down into the next 5, 30 and 90 day segments.

Cattle Await Cash and COF News: Grains See Short Covering, Add War/Risk Premium
Cattle Await Cash and COF News: Grains See Short Covering, Add War/Risk Premium

Scott Varilek, Kooima Kooima Varilek says live cattle see pressure ahead of cash news and COF but have absorbed a lot of bearish news. Hogs consolidate, with short covering in grains putting in war premium.

Renewable Fuels Industry Waiting for Key Policy Decisions
Renewable Fuels Industry Waiting for Key Policy Decisions

Sales of E15 fuel blends this summer is another concern.

AgDay Markets Now: Arlan Suderman says Soybeans Fall on South American Hedge Pressure and Could Take Out Contract Lows
AgDay Markets Now: Arlan Suderman says Soybeans Fall on South American Hedge Pressure and Could Take Out Contract Lows

Soybeans continue to see South American hedge pressure and that is dragging down corn says Arlan Suderman of StoneX.

IGC Cuts World Corn Production Forecast
IGC Cuts World Corn Production Forecast

The International Grains Council (IGC) cut its forecast for 2024-25 global corn production by 7 MMT.

Soybeans Make Near Term Lows and Pull Down Corn, While Wheat Shakes Off China Cancellations
Soybeans Make Near Term Lows and Pull Down Corn, While Wheat Shakes Off China Cancellations

Soybeans make near term lows pulling down corn, wheat bounces on crop concerns. Cattle firm ahead of the COF, while outside markets continue to watch geopolitical developments. Arlan Suderman, with StoneX, has more.

Grains Mixed on Exports and Weather:  Energy and Metals Markets Watch Geopolitical News
Grains Mixed on Exports and Weather: Energy and Metals Markets Watch Geopolitical News

Corn and beans fall on slow exports and weather.  Wheat sees short covering with frost concerns in the extended forecast. How are geopolitical concerns impacting markets? Darin Newsom, Barchart, has details.

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Exchange: Argentina’s Corn Crop ‘Likely’ Faces More Cuts

Argentina’s corn production, already cut sharply due a stunt disease spread by leafhopper insects, was “likely” to be cut further, the Rosario Grain Exchange said.

AgDay Markets Now: Kevin Duling Recaps a Disappointing Day in Wheat and Corn
AgDay Markets Now: Kevin Duling Recaps a Disappointing Day in Wheat and Corn

Grains end mixed Wednesday with the markets lacking bullish news. Kevin Duling, KD Investors, says wheat was the biggest disappointment.

Biden Mulls Tripling Tariffs on Chinese Steel and Aluminum
Biden Mulls Tripling Tariffs on Chinese Steel and Aluminum

In a move reminiscent of former President Donald Trump’s trade policies, Biden is considering tripling tariffs on Chinese steel and aluminum imports under Section 301 of the Trade Expansion Act.

Grains End Mixed With a Lack of News:  When Does the Grain Market Become a Geopolitical or Inflation Buy?
Grains End Mixed With a Lack of News: When Does the Grain Market Become a Geopolitical or Inflation Buy?

Wheat sees technical selling, with corrective buying in beans and products. Corn was slightly lower in a narrow range. Kevin Duling, KD Investors discusses when will grains be an inflationary/geopolitical buy? 

Grains Mixed Searching for News, Watching Weather:  Cattle Drift
Grains Mixed Searching for News, Watching Weather: Cattle Drift

Grains see short covering early with a lower dollar then turn mixed searching for news.  Cattle drifting preparing for the COF report.  Hogs chop.  DuWayne Bosse, Bolt Marketing, has more.

AgDay Markets Now:  Matt Bennett Says Grains are Suffering from a Lack of Buying Enthusiasm
AgDay Markets Now: Matt Bennett Says Grains are Suffering from a Lack of Buying Enthusiasm

AgMarket.Net's Matt Bennett says the grain markets are suffering from a lack of buying enthusiasm due to the bearish supplies.

Vilsack Plays the Political Card in New Farm Bill Debate
Vilsack Plays the Political Card in New Farm Bill Debate

The RSC proposals include shutting off crop subsidies to farmers with more than $500,000 a year in adjusted gross income, requiring growers to pay a larger share of the premium for subsidized crop insurance...

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Brazil Makes First Ethanol for SAF

Many of the largest Brazilian mills have already been certified to make feedstock for sustainable aviation fuel (SAF) that meets official international and domestic standards.

Row Crops Fall on Weather with Funds Still Short: When Will That Change? And are Cattle Forming a Low?
Row Crops Fall on Weather with Funds Still Short: When Will That Change? And are Cattle Forming a Low?

Row crops fall on weather and planting progress. Funds are still short ahead of the growing season. When will that change? Matt Bennett, AgMarket.Net, has the answer on that and if the cattle market is bottoming.

Grains Continue to Slide on Weather, Planting Pace: Cattle Try to Rally for a Second Day
Grains Continue to Slide on Weather, Planting Pace: Cattle Try to Rally for a Second Day

Grains see technical selling pressure from weather.  Cattle try to extend gains a second day so is HPAI fear subsiding? Hogs higher.  Kent Beadle, Paradigm Futures, has insight.  

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Concerns for Argentine Soybeans With Heavy Late-Season Rains

Heavy rainfall across Argentina’s core soybean production areas has caused harvest delays and could lead to production losses, the Rosario Grain Exchange said.

AgDay Markets Now:  Randy Martinson Explains Why Grains Couldn't Extend Friday's Rally
AgDay Markets Now: Randy Martinson Explains Why Grains Couldn't Extend Friday's Rally

Grains end lower on Monday erasing most of the gains from Friday. Randy Martinson, Martinson Ag, says weather and farmer selling were the biggest factors.

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End of Panama’s Dry Season Brings Hope for Increased Traffic Through Panama Canal

The Panama Canal Authority (ACP) is cautiously optimistic about returning to normal operations by 2025, although this depends on weather conditions.

Why Did Grains Give Back Friday's Gains?  Will Selling Escalate into Month End?
Why Did Grains Give Back Friday's Gains? Will Selling Escalate into Month End?

Grains end lower on Monday on weather forecasts for rain in the corn belt and increased farmer selling. Randy Martinson, Martinson Ag says cattle saw short covering.

Cattle See Short Covering Bounce, Hogs Slide and Grains Retreat on Weather, Planting Progress
Cattle See Short Covering Bounce, Hogs Slide and Grains Retreat on Weather, Planting Progress

Cattle see a short covering bounce after a lower week and with less war fear says Brad Kooima of Kooima Kooima Varilek.  Hogs continue to see fund liquidation..  Grains retreat on farmer selling & weather.  

AgDay Markets Now: Chip Nellinger Explains What Triggered Friday's Grain Rally and if it Can Continue?
AgDay Markets Now: Chip Nellinger Explains What Triggered Friday's Grain Rally and if it Can Continue?

Chip Nellinger, Blue Reef Agri-Marketing, says it was a true money flow or "Get Me Out" day Friday. While it caused a short covering rally in grains, he's not sure it can be sustained.

Gulke: What's Causing All the Volatility in Commodity and Financial Markets?
Gulke: What's Causing All the Volatility in Commodity and Financial Markets?

Commodity and financial markets saw another volatile week. What's triggering it? Jerry Gulke, president of the Gulke Group points to a couple possible clues. 

House GOP Farm-State Lawmakers, Staff Try to Woo Democrats With Farm Bill Gimmes
House GOP Farm-State Lawmakers, Staff Try to Woo Democrats With Farm Bill Gimmes

House Ag Democrats are facing internal tension and uncertainty as they struggle to formulate a response to the GOP’s farm bill proposal.

Grains Rally, Livestock and Equities Melt Down: What Triggered the Big Market Moves on Friday?
Grains Rally, Livestock and Equities Melt Down: What Triggered the Big Market Moves on Friday?

Grains sharply higher Friday, as livestock, financial markets and many other commodities melt down. It was a money flow or "Get Me Out" day says Chip Nellinger, Blue Reef Agri-Marketing.

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Brazil’s Agricultural Potential: Expanding Cropland and Overcoming Challenges

According to analysts at FarmDoc, Brazil could increase its crop area by 35%, adding approximately 70 million acres of cropland.

AgDay Markets Now: John Heinberg Explains Why USDA is Slow Playing South American Production Cuts
AgDay Markets Now: John Heinberg Explains Why USDA is Slow Playing South American Production Cuts

John Heinberg, Total Farm Marketing says USDA is slow playing it because the last two years they've ended up having to raise South American production after making cuts and they don't want to do that again. 

Vilsack Links China’s Reduced Ag Purchases to U.S. Policy Shifts
Vilsack Links China’s Reduced Ag Purchases to U.S. Policy Shifts

USDA Secretary Tom Vilsack suggests China’s reduced purchases of American agricultural products, particularly corn and soybeans, may be linked to recent actions taken by the U.S.

Grains Fall After Disappointing WASDE:  Does It Open the Door to More Selling?
Grains Fall After Disappointing WASDE: Does It Open the Door to More Selling?

Grains end lower after a disappointing WASDE particularly South American numbers. John Heinberg, Total Farm Marketing, says corn and soybeans did technical damage opening the door for more fund selling.

Grains Slide After Disappointing WASDE: Why Is USDA Punting on South American Production?
Grains Slide After Disappointing WASDE: Why Is USDA Punting on South American Production?

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 RGE.

Cattle Continue Slide: Grains Quietly Mixed After SA Numbers, Ahead of USDA Reports
Cattle Continue Slide: Grains Quietly Mixed After SA Numbers, Ahead of USDA Reports

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.

Iowa Signs Law on Foreign Ownership of Farmland
Iowa Signs Law on Foreign Ownership of Farmland

The law aims to increase reporting requirements and impose harsher penalties for violations related to foreign ownership of agricultural land.

AgDay Market Now: Mark Schultz Says There's One Change USDA Could Make in Thursday's Report to Rally Corn and Beans
AgDay Market Now: Mark Schultz Says There's One Change USDA Could Make in Thursday's Report to Rally Corn and Beans

Mark Schultz, Northstar Commodity, says unfortunately it will take large production cuts in Brazil's corn and soybean crop for prices to rally because of the large carryover in the U.S.  

States Restrict Cattle Movement From Those With BIAV
States Restrict Cattle Movement From Those With BIAV

In an effort to prevent domestic cattle from being exposed to Bovine Influenza A Virus (BIAV), 17 states have restricted cattle imports from states where the virus has infected dairy cows.