IN-DEPTH MARKET ANALYSIS: Wednesday was a risk-off day in the agricultural commodity markets. Everything was in the red except hogs with spillover from the selloff in the equity sector after Fed Chair Jerome Powell made hawkish comments about the economy and interest rates. However, the grain markets were very overbought, especially in wheat after the run up to new highs. Michelle Rook talked to Chip Nellinger with Blue Reef Agri-Marketing to get the full analysis.
MARKET WATCH: Grains Slump, Hogs for the Win on Wednesday
IN-DEPTH MARKET ANALYSIS: Wednesday was a risk-off day in the agricultural commodity markets.
(National Pork Board and the Pork Checkoff)
Related Stories
John Heinberg with Total Farm Marketing says higher product values and strong demand are supporting the soybean futures.
Mike Zuzolo with Global Commodity Analytics says corn and soybeans were supported by strong export inspections and higher energy markets. Wheat fell after the President’s post about Russia and Ukraine agreeing not to target energy and food infrastructure.
Joe Kooima of Kooima Kooima Varilek says while last week’s higher weekly closes send a strong signal a bottom is in place in the cattle market, he’s not ready to say funds will be piling back in to buy yet.
Read Next
Tyler and Wendy Chambers have spent almost $300,000 in regulatory tape, yet the state has added a remarkable demand: Relinquish 44 acres or never build.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
