Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
China’s recent business is welcome with U.S. corn exports running behind last year’s pace by nearly 40%. So why is China back in the market and how much more will they buy?
Risk aversion continued in the ag markets Monday on uncertainty with the banking crisis and upcoming Fed action. The exception was soybeans which bounced off support. Alan Brugler of Brugler Marketing has details.
Crude oil lower with macroeconomic and banking fears causing speculative liquidation. How low could prices go and what does that mean for prices for gas and diesel on the farm? John Wenzel, StoneX has details.
More fund selling in grains and hogs on macroeconomic concerns and the extension of the Black Sea grain deal. Cattle bounce with a constructive COF Report. Allison Thompson with The Money Farm has more.
The financial industry was hit with a black swan due to the shuttering of two high-profile banks. This has implications for ag markets and lessons for farmers, says Jerry Gulke of Gulke Group.
AgDay TV Markets Now: Garrett Toay of AgTraderTalk says Money Flow and Fund Positions Dominated the Market This Week and That Could Continue Next Week
Price action and 5, 30, 90 day outlooks for wheat.
Money flow and fund positions influenced markets Friday and for the week and overshadowed fundamentals. Garrett Toay AgTraderTalk explains.
Money flow and fund selling continue to be bearish for soybeans and livestock, while wheat is seeing short covering. Corn also boosted by China’s buying spree. Details with Darren Frye of Water Street Solutions.
While experts don’t compare the recent collapse of several high-profile banks to the financial industry crisis in 2008 and 2009, there is a level of nervousness that bears watching.
Bearish Outside Markets Impact Money Flow in Ag Markets, Corn Supported by More China Corn Purchases
Grains mixed this morning as bearish outside markets are spilling over and influencing money flow in the ag markets. Corn is holding on with more China export business. Darin Newsom with Barchart has details.
AgDay TV Markets Now: Chuck Shelby of Risk Management Commodities says cooler heads prevail in outside and commodity markets Thursday, China corn demand also helps.
During Wednesday’s session, farmers and ag industry officials raised many of the same concerns they have during other meetings on the new farm bill. They included:
Markets closed mixed with corn, soybeans and cattle all ending higher as outside markets stabilized and China bought more U.S. corn. Hogs imploded on technical selling. Chuck Shelby, Risk Management Commodities.
Cattle and corn both see some buying interest midday with China corn sales, cattle oversold ahead of the COF Report. Other sectors still concerned about macroeconomy. Jeff Hoogendoorn of Professional Ag Marketing.