Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grain and livestock futures have all turned higher with a risk on tone to the market. Plus, positioning in the grains and hogs ahead of USDA reports and end of quarter. Matt Bennet of AgMarket.Net has analysis.
Grains mixed early with report and end of quarter positioning, corn did see 4.4 mb of export biz. Livestock higher but will gains hold? Chip Nellinger, Blue Reef Agri-Marketing.
Questions are arising about whether or not Russia will temporarily halt wheat and sunflower exports after a sharp drop in global prices in recent weeks and conflicting stories on Friday.
AgDay TV Markets Now: Tomm Pfitzenmaier of Summit Commodity Brokerage talks about what caused the short covering rally in grains on Friday and if it will continue?
Given the collapse in the grain markets, will USDA’s report on March 31 matter this year? Jerry Gulke provides his insights.
Political tensions between the U.S. and China have run high the past several months. The good news is it doesn’t appear there has been much spillover into U.S. agricultural trade.
Wheat led a short covering rally in grains w/conflicting news of a Russia wheat ban. More China biz helped corn. But are funds done selling soybeans? LC saw a technical bounce. Tomm Pfitzenmaier, Summit Commodity.
Grains up led by a short covering rally in wheat, amid conflicting reports on a Russia export ban. Hogs and live cattle see short covering but is this bottoming action? We ask Mike Zuzulo, Global Commodity Analytics.
Soybeans starts lower on fund selling, then follows corn up and wheat on short covering and a possible Russia export ban. Are livestock futures close to bottoming? Darin Newsom, Barchart has details.
AgDay TV Markets Now: Chip Nelliger of Blue Reef Agri-Marketing talks about the ugly day of fund selling in the soybean complex and how much lower the market could fall.
Production potential remains severely reduced by prolonged drought.
Soybeans and products saw massive fund selling pulling down corn. Wheat saw corrective buying. Live cattle post an inside day with new contract lows again in hogs. Chip Nellinger, Blue Reef Agri-Marketing has more.
Soybean make new lows for the move with more fund selling and lower products, that’s pulled down corn and CH wheat. Cattle and hogs continue to struggle to recover. John Payne, Hedge Point Global Markets has more.
Corn higher on China biz, strong weekly exports. Funds selling in soybeans. Cattle trade 2-sided but disappointing w/higher northern cash at $165-$167. Hogs make new lows. Scott Varilek, Kooima Kooima Varilek.
AgDay TV Markets Now: Don Roose of U.S. Commodities discusses is the funds will keep liquidating in soybeans after taking out key moving averages and if grains can return to trading fundamentals after the Fed move.
The Federal Reserve raised interest rates 25 basis points but seemed to give mixed signals on further monetary policy action.
Markets were mostly lower on Wednesday, except old crop corn, on technical selling ahead of the Fed’s 0.25% hike. Can the markets now start trading fundamentals? Don Roose with U.S. Commodities has the answers.
While the wheat market might not be respecting the situation, there are big concerns about the nation’s winter wheat crop due to drought.
Markets are mostly lower except May corn with the China sales. The trade is awaiting the Fed decision, but soybeans are also following a drop in China’s soybean price. Ted Seifried of Zaner Ag Hedge explains.
Grain and livestock futures under pressure with concerns about the Fed move and despite China corn biz. Will it be .25 or .50? Fund positions were also updated. Randy Martinson of Martinson Ag has details.
A nascent boom in the market for soybean oil is facing unexpected headwinds from the Environmental Protection Agency, the Wall Street Journal reports.
AgDay TV Markets Now: Oliver Sloup says Grains Stage Another Technical Selloff Ahead of Fed Decision
AgDay TV Markets Now: Oliver Sloup with Blue Line Futures discusses aother day of technical selling in the grains ahead of the Fed decision. Cattle bounce but will they sustain a recovery rally<
After surveying soybean fields across Brazil, Agroconsult raised its Brazilian soybean crop forecast.
Grains, hogs see more risk off technical selling ahead of the Fed decision, profit taking in wheat w/Black Sea grain deal extended. Cattle rebound but can we build on it? Oliver Sloup of Blue Line Futures has more.
Grains give up early strength with speculators nervousness about the Fed decision tomorrow and ignoring some of the fundamentals. Cattle try to stage a technical bounce. Kent Beadle of Paradigm Futures has more.
Oil prices are also off their highs of last year and gas and diesel prices are also sliding at the pump, but will that trend continue ahead of planting? Energy experts are hoping the answer is yes.
Grains mostly higher with more of a risk on day in outside markets and China corn business. Hogs bounce, while cattle struggle to recover. Brad Kooima of Kooima Kooima Varilek has more.
The Environmental Protection Agency plans to grant California a waiver to impose its own tailpipe pollution regulations. . .
Russian President Vladimir Putin hosted his “dear friend” Xi Jinping at the Kremlin on Monday. It was the first trip abroad for Xi since he obtained a third term as China’s leader.
AgDay TV Markets Now: Alan Brugler of Brugler Marketing talks about the risk aversion in commodity markets with the uncertainty in the banking sector and awaiting the FOMC decision.