Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
USDA will release its estimates on farmers planting intensions at the end of March. Ahead of that, commodity firm Allendale has released its own acreage projections.
The risk off with the banking crisis continues to spill over weigh on the ag markets. The exception is old crop corn with more China export business, another 25.2 mb. Randy Martinson of Martinson Ag has more.
More than 400 farm groups on Tuesday asked Congress for more money for the next farm bill than is in the current baseline.
Rich Nelson with Allendale summarizes the markets on Wednesday which were once again impacted by the risk off in the outside markets. Although corn did get some help from China export business.
Brazil’s record soybean crop this season will allow the country to boost exports to China while also increasing domestic soybean processing.
Livestock and soybeans lower on fund liquidation in a risk off day in outside markets. That muted the rally in corn after 26.3 mb of export biz to China. Wheat saw short covering. Rich Nelson, Allendale has more.
A risk off day in outside markets is weighing on soybeans and livestock. Corn and wheat seeing a bounce on short covering and China export business. DuWayne Bosse of Bolt Marketing has more.
Soybeans and livestock falling with risk off in outside markets and the bank failure in Europe. Corn higher on China export business, wheat watching Black Sea headlines. Nick Tsiolis of Farmers Keeper has more.
Grains see short covering on China corn export biz, lower wheat ratings. Livestock see fund selling with the macroeconomic jitters tied to the bank failures. Kent Beadle of Paradigm Futures.
AgDay TV Markets Now: Kent Beadle of Paradigm Futures talks about why grains rebounded Tuesday and were able to shake off the macroeconomic concerns tied to the bank turmoil.
Today’s price action, fundamental and technical analysis for soybeans.
Shawn Hackett of Hackett Financial Advisors says the fund selling in corn and soybeans is overdone and prices are fundamentally getting too cheap.
Macroeconomic concerns continue to cause fund selling in all but wheat. That’s despite confirmation of China corn export biz of 24.1 mb. Scott Varilek of Kooima Kooima Varilek has analysis.
Fundamental and technical analysis of today’s corn market action.
After a week of fund selling and technical damage in the grains Bryan Doherty of Total Farm Marketing discusses if the market will stage a recovery rally.
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.