Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Grains mostly higher pricing in USDA numbers and weather. Old crop corn sees farmer selling, while live cattle made new contract highs then saw profit taking and hedge pressure. Kent Beadle of Paradigm Futures.
Grains higher continuing to work in USDA Reports, weather & higher crude oil with possible OPEC production cuts. Live cattle up again after new highs Friday. Allison Thompson with The Money Farm has analysis.
EPA on Friday said it was approving California’s plans to require a rising number of zero-emission heavy-duty trucks as the state pushes to cut pollution.
AgDay TV Markets Now: Darren Frye of Water Street Solutions Analyzes the USDA Reports and Market Reaction and Where Grain Prices Go From Here.
USDA’s Prospective Plantings and Quarterly Grain Stocks reports tend to produce big price moves, and this year was no different. Jerry Gulke provides his analysis of the important data.
Grains End Mostly Higher on USDA’s Bullish Stocks and Soybean Acres, While Corn and Wheat Acres Rise
Grains close mostly higher after USDA Reports, where do prices go from here? Darren Frye, Water Street Solutions has report analysis and price projections, plus talks about new highs in cattle.
USDA’s Quarterly Grains Stocks were the bullish story for corn and beans overshadowing the larger corn acreage at 92 million. Jim McCormick of AgMarket.Net has analysis.
Grains 2-sided of quarter and before the reports but what was the market already telling us about the UDSA numbers? Cattle hit more contract highs with higher cash, can it keep going? Darin Newsom, Barchart.
Odds are rising there will be no new farm bill this year unless some of the volatile remarks and issues that surfaced at a Thursday hearing can be resolved.
AgDay TV Markets Now: John Payne of Hedge Point Global Markets discusses the profit taking in grains Thursday and new highs in live cattle off sharply higher cash.
But early soybean yields are coming in lower than anticipated. . .
Grains drift on profit taking after many contracts hit chart resistance. Live cattle make new contract highs on sharply higher cash. Cotton rallied anticipating lower acres. John Payne, Hedge Point Global Markets.
Grains starting to drift in report mode, but some markets hit chart resistance. Funds buy in cattle working in higher cash. Hogs mixed ahead of Hogs and Pigs Report. Jeff Hoogendoorn, Professional Ag Marketing.
On Friday, March 31, USDA will release its Prospective Plantings and Grain Stocks report. What should you know ahead of the report? Read through our team’s comprehensive coverage.
Markets are gearing up for UDSA’s Prospective Plantings and Quarterly Grains Stocks Reports.
AgDay TV Markets Now: Ted Seifried Zaner Ag Hedge talks about the recovery in corn and beans off the lows and what is will take in the USDA reports to keep it going?
Regarding WOTUS, Regan told a House Ag Appropriations Subcommittee Tuesday that EPA’s rule might have to be modified based on the upcoming Supreme Court decision.
Grains higher except wheat, fading Russia export news. Old crop corn & beans recovering on demand but further buying depends on the reports. Cattle look strong, but funds sell hogs. Ted Seifried, Zaner Ag Hedge