Distiller Dried Grains Commodity Markets, Prices & Futures
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Latest News From Rough Rice
Brad Kooima of Kooima Kooima Varilek says the grain and cattle futures are reacting negatively to the uncertainty tied to the Iran conflict.
Naomi Blohm with Total Farm Marketing says the higher monthly closes for all the grains were bullish and there are several factors that need to come together for it to continue.
.Matt Bennett with AgMarket.Net says there’s a report from China that says the talks by trade officials prior to the summit in China is not going well.
Arlan Suderman with StoneX says the soybean market is still pricing in optimism about China and biofuels.
By engineering protection directly into the seed, BASF expects its new transgenic trait to deliver protection and yield benefits for soybean farmers where traditional practices and products have fallen short.
Soybeans recovered on Tuesday on market talk that China was looking to buy soybeans off the Pacific Northwest says Jim McCormick with AgMarket.Net.
Grain and cattle futures ended mostly lower on Monday caught up in money flow and the selloff in the stock market tied to tariff concerns says Mike Minor with Professional Ag Marketing.
Brad Kooima with Kooima Kooima Varilek says the USDA Cattle on Feed report was providing some support. The on feed number came in at 98% of a year ago, placements were at 95% which was below trade estimates and marketings were at 87%.
Jerry Gulke, president of the Gulke Group, says he was impressed with the outlook USDA provided on biofuels and trade at the Ag Outlook Forum, but does not agree with their acreage projections.
Shawn Hackett with Hackett Financial Advisors says the market fears that China will use the ruling as leverage to get out of its trade framework struck with the U.S. on Oct. 30 and that could include its soybean purchase commitments.