Cattle higher Monday with near to record cash prices. However, the market fails to negate chart reversals. Has the cattle market scored an intermediate top? Scott Varillek, Kooima Kooima Varilek, has the answer.
A congressional hearing scheduled for Wednesday will delve into the perceived threat posed by China to the U.S. agriculture industry, particularly concerning the increasing foreign ownership of American farmland.
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, says corn and soybeans on short covering and he thinks the funds may continue to cover short positions into the end of the month.
Members of the National Oilseed Processors Association (NOPA) crushed 186.2 million bu. of soybeans during February – by far the most ever for the month.
Jerry Gulke says he’d like to see another higher weekly close next week to help confirm the bottom is in the soybean market as well as a close above $12. A higher monthly close would be even more convincing.
Corn and soybeans end higher Friday, despite lower wheat. Cattle recover with near to record cash. What's next for crude oil? Chip Nellinger, Blue Reef Agri-Marketing has details.
Cattle try to recover after reversals Thursday with record cash trade. Is this topping action? Hogs also bounce. Grains mixed after poor technical closes, awaiting news. Scott Varilek, Kooima Kooima Varilek, has more.
USDA has started using global exporters’ data to estimate China’s soybean imports because a wide gap emerged between shipping figures from producing nations and Chinese customs data, a USDA official told Reuters.
Grains end lower, even soybeans after a big rally. Cattle also had a poor technical close after live cattle made new near-term highs. So, was this risk off or hedge selling? Jim McCormick, AgMarket.Net, has more.
Grains all lower midday even soybeans after pushing above $12 in the May contract. Allendale also releasing their annual acreage survey, we look at the results with Rich Nelson and why cattle failed.
Wheat is lower and dragging corn with it, while soybeans and products extend gains. Cattle higher with live cattle making near term highs and so is crude oil. Darin Newsom, Barchart, has analysis.
AgDay TV Markets Now: Don Roose, U.S. Commodities says grain markets have priced in the most bearish news and are adding risk premium. However, what will it take to get corn over $4.50 and soybeans over $12?
Phase 1 of the National Zero-Emission Freight Corridor Strategy targets local and regional trucking operations, first- and last-mile delivery, and port drayage, gradually moving towards accommodating long-haul trucking.
Corn & soybeans end steady after hitting chart resistance. But Don Roose, U.S. Commodities, says they're adding risk premium. Wheat fell with China cancelling French wheat. Live cattle make new highs as hogs stall.
Grains see early pressure with profit taking, farmer selling. Wheat sees pressure from lower Russian wheat prices. Cattle extend gains. Hogs see profit taking, hedge pressure. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, says soybean rally with bean oil and Brazil crop cuts, but is $12 sustainable? Corn ends steady.
The U.S. Court of Appeals for the Tenth Circuit upheld a settlement agreement related to attorneys’ fees in a lawsuit concerning genetically modified (GMO) corn.
Soybeans up w/bean oil, on lower Brazil production. Can beans get above $12? Corn ends off highs hitting chart resistance, with farmer selling. Wheat mixed. Cattle rebound. Alan Brugler, Brugler Marketing, has more.
Cattle trying to recover but was Friday's reversal action an intermediate top? Hogs mixed despite a Tyson plant closure. Grains recover after early pressure. Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Mike Minor says corn and wheat score impressive reversals despite China wheat cancellations. He expects them to cancel the remaining 30 million bushels of business.
While there are factors mitigating inflation, such as the productivity boomlet and China’s deflationary impact, Malanga adds that recent data shows a rise in core PCE deflator and other inflation indicators.
The region’s economy has witnessed remarkable expansion, leading to newfound wealth and prosperity, evident in rising GDP and conspicuous consumption.
However, the article also highlighted the looming threat...
Corn & wheat recover after China cancels SRW wheat. Soybeans see profit taking with China's poor PPI. Fund selling hits cattle. Hogs consolidate but rising cutouts support. Mike Minor, Pro Ag Marketing, has more.
Grains are lower after China cancelled another 9.7 mb of SRW wheat and China's PPI fell for the 17th month. The funds pushed shorter in grains, what could change that trend? Kevin Duling, KD Investors has more.
AgDay TV Markets Now: Darren Frye, Water Street Solutions, discusses if Friday's higher grain market closes will lead to more short covering by the funds and a sustained rally.
With the exception of Chicago wheat, grain markets scored higher weekly closes and ended above the 20-day moving average for the first time in weeks, according to Darren Frye, Water Street Solutions.
In South Dakota, after years of debate surrounding a proposed carbon dioxide pipeline, lawmakers passed three bills aimed at bolstering protections for landowners while maintaining a regulatory path for the project.
USDA makes very few changes in the WASDE even to South American production numbers which is a disappointment, but markets are finding some buying interest even so. Chip Nellinger, Blue Reef Agri-Marketing has details.
Cattle futures see a chart breakout following higher cash, hogs consolidate. Grains fail to extend gains ahead of the WASDE and with China cancelling more SRW wheat. Scott Varilek, Kooima Kooima Varilek, has more.
Grains end higher Thursday with technical buying and short covering by the funds. So, are the lows in? DuWayne Bosse, Bolt Marketing, has the answers and also covers the mostly higher action in cattle and hogs.
Grains see early strength ahead of the WASDE and with some better demand news. Cattle are mixed ahead of cash development, hogs mostly higher trying to recover. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: John Heinberg, Total Farm Marketing says corn is in consolidation mode but held up well Wednesday in light of contract lows in wheat and talk of China cancellations.
While USDA’s new livestock and poultry market final rule aims to address discrimination and promote competition, critics argue it could lead to excessive regulation and higher consumer prices.
Corn saw short covering, despite contract lows in wheat on talk of China SRW cancellations. Soybeans see Brazil harvest pressure. Cattle and hogs are consolidating. John Heinberg, Total Farm Marketing, has details.
Grains see technical selling pressure with wheat making new contract lows. Cattle are consolidating. Outside markets are recovering after a down day Tuesday. Darin Newsom, Sr. Market Analyst, with Barchart has more.
During a School Nutrition Assoc. meeting in Washington, Secretary Vilsack engaged with hundreds of school nutrition professionals regarding the USDA’s proposed rule aimed at reducing sodium and sugar in school meals.
Grains lower on profit taking after corn and beans hit resistance, plus farmer selling & report positioning. Cattle bounced, while hogs set back with lower cash and cutouts. Ted Seifried, Zaner Ag Hedge, has more.
Cattle try to recover after failing at chart resistance Monday. Hogs mixed on pre-Goldman rolling. Corn and soybeans are seeing profit taking after hitting the 20 day MA. Brad Kooima of Kooima Kooima Varilek has more.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors says grains end higher on Monday but he is looking for one specific signal that the markets have changed trend.
Grains higher Monday. So, was it China hopes or a dead cat bounce? And what will it take to confirm a change in trend? Shawn Hackett, Hackett Financial Advisors, covers that plus cattle and cotton.
Grains see corrective buying as they are oversold, plus getting help from export business and China hopes. Livestock are lower with rising feed prices and profit taking. Randy Martinson, Martinson Ag, has details.
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing says the grains see profit taking to end the week and will start looking ahead to the March WASDE.