Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains mixed after the WASDE. USDA left corn and soybean ending stocks unchanged, but raised wheat by 30 mb. They also lowered Argentina soybean production 6 mmt. Brian Splitt of AgMarket.Net has more.
Cattle make more new contract highs pushed by record cash and it may top that this week. Hogs see more fund selling. Grains mixed ahead of the WASDE, watching weather. Brad Kooima of Kooima Kooima Varilek has more.
Corn and wheat higher trading weather and the WASDE, soybeans set back unable to get above $15. Cattle make new highs on record cash trade. DuWayne Bosse of Bolt Marketing has details.
Grains end mostly higher Monday on weather and technical buying heading into the WASDE. Cattle futures make more new contract highs on record high cash but is the top in sight? DuWayne Bosse of Bolt Marketing.
Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs hit new lows then try to bounce. Randy Martinson of Martinson Ag has more.
Grains mixed on weather, WASDE positioning, export inspections. Live cattle push back into contract highs with strong cutouts, hogs rebound. Michelle Rook has a quick summary.
AgDay TV Markets Now: Joe Vaclavik of Standard Grain talks about how USDA will work the lower quarterly stocks into the balance sheets in Tuesday’s WASDE Report.
Crude oil moves back above $80, what does that mean for interest rates and diesel fuel prices for farmers this growing season?
The U.S. exported 250.8 million lbs. of beef in February.
Grains End Mostly Lower on Profit Taking as Weather Improves, Cattle Hit New Highs: What’s the Next Move for Crude Oil? Darin Newsom with Barchart covers it all!
The next challenge for U.S. farmers? To plant the 92 million acres of corn and 87.5 million acres of soybeans.
Corn and soybeans lower on fund selling and improved weather. Cattle hit new contract highs with sharply higher cash trade. Joe Vaclacik of Standard Grain has analysis and a WASDE Report preview.
Corn and soybeans lower on improved weather, Argentina soy peso program, fund profit taking heading into a 3-day weekend and WASDE Report. Cattle gap higher on strong cash. Steve Freed, ADM Investor Services.
AgDay TV Markets Now: Naomi Blohm with Total Farm Marketing Says Improved Weather and Profit Taking Weighed on Grains Wednesday.
The Northern Plains was hit by another winter storm on Tuesday adding to the snowpack which ranges from several inches to several feet. So is it too early to start talking about planting delays?
Grains end lower on improved weather and profit taking ahead of the 3-day holiday and the next WASDE. Live cattle rebound with higher beef prices, but will the recovery continue? Naomi Blohm of Total Farm Marketing.
Argentina announced a new preferential exchange rate dubbed the “agro dollar,” which aims to boost agricultural exports and strengthen international reserve accumulation.
If weather conditions allow crop yields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall.
Grains mixed on weather, export demand and pre-WASDE positioning. Cattle rebound on sharply higher beef, while deferred hogs fall with lower cash. What is the outlook for crude oil? Rich Nelson of Allendale.
Corn and beans lower on profit taking & weather initially but seeing risk off selling and that’s pulling wheat down. That has also eroded early gains in livestock. Chuck Shelby, Risk Management Commodities.
Grains and cotton mostly lower improved weather and technical selling, despite corn and soybean export sales. Risk off continues with more talk of interest rate hikes. Shawn Hackett of Hackett Financial Services.
AgDay TV Markets Now: Jim McCormick of AgMarket.Net talks about what caused the risk off day in outside and commodity markets on Tuesday.
The decline is attributed to ample wheat supplies and weak demand from exporters.
Markets lower with a risk off day in outside markets spilling over but corn and soybeans also saw profit taking with a change in weather. Cattle confirmed the reversal. Jim McCormick, AgMarket.Net .
With the USDA Prospective Plantings and quarterly Grains Stocks reports in the rearview mirror, the market will now focus on weather for the planting season.
Cattle bounce but will they negate the reversal, and will cash be higher again? Hogs mixed. Profit taking and a change in weather pressure corn and beans. Brad Kooima of Kooima Kooima Varilek.
Brazil exported 13.271 MMT of soybeans last month.
AgDay TV Markets Now: Randy Martinson of Martinson Ag says soybean continued rally on USDA data and following soybean and crude oil, while wheat and corn ended off highs on profit taking and hedge pressure.
Soybeans higher still working in the bullish USDA numbers and higher soybean oil. Corn and wheat end mixed on profit taking and hedge pressure. Cattle lower on consolidation. Randy Martinson of Martinson Ag.