Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains mixed but try to bounce after fund sell off in corn and wheat this week. Can soybeans hold $15? Cattle see more profit taking w/steady cash, short covering in hogs. Bryan Doherty, Total Farm Marketing.
AgDay TV Markets Now: Grains Hit Hard by Fund Selling Arlan Suderman with StoneX Groups Talks About How Much Lower Prices Could Go
Grain markets are lower as fund selling has escalated while wheat makes new contract lows. Livestock markets are mixed. Shawn Hackett of Hackett Financial Services has details.
Beans fade the higher opening, drug down by corn and wheat. Live cattle see more profit taking, feeders up on softer corn. Vince Boddicker of Farmers Trading Company.
AgDay TV Markets Now: Matt Bennett of AgMarket.Net has analysis of the WASDE report and why soybeans faded bullish numbers and corn overreacted.
WASDE Report was bullish for soybeans with a cut in U.S. ending stocks and 8 mmt cut in Argentina production, corn ending stocks bearish, raised 75 mb. Wheat balance sheet unchanged. Jim McCormick of AgMarket.Net.
Grains mixed & quiet ahead of the WASDE report but outside markets have settled down. Livestock mostly lower w/cattle consolidating awaiting cash and hogs pressured by rising numbers. Michelle Rook an update.
AgDay TV Markets Now: Brian Grete Says Grains Mixed Tuesday with Profit Taking and Report Positoning
AgDay TV Markets Now: Brian Grete of ProFarmer Says Grains Mixed Tuesday on Profit Taking and Report Positioning
Tommy Grisafi with Advance Trading explains why both short- and long-term interest rates are up.
Grains end mixed with report positioning and profit taking in soybeans, meal and bean oil. Cattle consolidate under new highs awaiting cash. Hogs continue to try to find a bottom. Details w/Brian Grete of Pro Farmer.
Corn and soybeans lower on report positioning, profit taking in beans with lower BO. Cattle consolidate after new highs, lower DOW, await cash. Hogs lack support. Scott Varilek of Kooima Kooima Varilek.
Grains mostly lower on follow through technical selling and profit taking in beans. Cattle 2-sided with slight consolidation after new highs. Hogs lower on rising supplies. DuWayne Bosse of Bolt Marketing has more.
Soybeans higher w/ contract highs in meal. Technical selling in wheat w/ moisture in HRW areas held back corn. Deferred cattle hit more contract high w/ strong cash. John Heinberg, Total Farm Marketing has more.
Besides record wheat production, the canola crop was also the largest ever and barley production was the third highest.
Soybeans up with new highs in meal, but wheat is pulling down the corn. Cattle higher with strong cash, but hogs can’t get traction with lagging cash and cutouts. Mark Schultz with Northstar Commodity has more.
Technical selling in corn & wheat, report positioning and hope on the Black Sea Export deal. Soybeans rebound w/meal making new highs on Argentina crop concerns. Cattle up with strong cash. Profit taking in hogs.
Brazil became the second country in the world after Argentina to approve planting of GMO wheat, following a decision by the nation’s biosecurity agency CTNbio.
AgDay TV Markets Now: Randy Martinson of Martinson Ag Talks About How the February Crop Insurance Prices May Impact Planting Decisions.
Cotton analysis and outlook for the next 5, 30 and 90 days.
A mostly higher close except wheat, w/ more short covering in corn and beans but how much more recovery will we see? Cotton prices firmer, while cattle up following cash. Shawn Hackett, Hackett Financial Advisors.
Corn, soybeans see more short covering, w/strong meal & drop in Argentina crop ratings. Cattle up with strong cash, putting in weather premium, hogs up for now. Scott Kooima of Kooima Kooima Varilek has details.
Markets mostly higher. More short covering in grains w/ the lower dollar and declining Argentina ratings. Soybeans hit 50% retracement. Cattle bounce with firmer cash. Randy Martinson of Martinson Ag.
With USDA’s carryover estimates trending higher and price outlook trending lower from last year, many expect the sideways trends in new-crop futures to continue until the next shift in the fundamental outlook.
AgDay TV Markets Now: Soybeans and wheat continued to recover on Thursday, but corn wasn’t able to maintain its early strength. DuWayne Bosse of Bolt Marketing explains why.
It’s too soon for details yet, but it is clear based on our sources the U.S. crop and livestock insurance programs are being closely reviewed.
Grains see follow through buying and short covering but are the bottoms in? More profit taking in the cattle so is this topping action? Darin Newsom, Sr. Market Analyst with Barchart has the answers.
AgDay TV Markets Now: Grains finally see a short covering bounce Wednesday but after the selloff in grains what should farmers be doing for marketing? Tomm Pfitzenmaier of Summit Commodity Brokerage has advice.
Corn-for-ethanol use totaled 443.6 million bu. in January, according to USDA.
The firm says yields in other areas of Brazil are expected to more than compensate for any losses caused by drought in Rio Grande do Sul.
The most recent land use survey showed that China’s total arable land decreased from 334 million acres in 2013 to 316 million acres in 2019, a loss of more than 5 percent in just six years.