Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Wheat sharply lower with moisture in HRW areas, profit taking hit corn and soybeans. Cattle ended mostly higher on bullish fundamentals. Hogs follow lower cutouts. DuWayne Bosse of Bolt Marketing has details.
Orange production in Florida is projected to be down nearly two-thirds from last year and according to USDA at levels not seen since the Great Depression. What does this mean for producers and consumers?
Corn & soybeans down on corrective selling, plus lower CO and wheat with moisture in HRW areas. Cattle extend gains on strong fundamentals, lower cutouts weigh on hogs. Randy Martinson of Martinson Ag has more.
Markets mostly lower early with profit taking in corn and beans with Argentina crop concerns dialed in. Cash basis levels on grains are also softening. Nick Tsiolis of Farmer’s Keeper says there is downside risk.
AgDay TV Markets Now: Matt Bennett of AgMarket.Net talks about soybeans closing higher on Argentina frost. However, neither soybeans or meal took out last week’s highs, so will the rally continue?
March soybeans rose 21 1/2 cents to $15.48 3/4. May soybeans gained 21 3/4 cents at $15.44. Both contracts closed near the session highs and closed at contract high closes.
The soybean complex was up on Argentina frost. Corn tried to follow but wheat failed with forecasted moisture in HRW areas. Livestock up working in strong cash and cutouts. Matt Bennett, AgMarket.Net has analysis.
Markets are mostly higher at midday with cattle and hogs supported by higher cash and cutouts. Soybeans and meal trading Argentina frost and trying to pull corn along. Brad Kooima of Kooima Kooima Varilek.
Soybeans and meal higher on Argentina frost and corn and wheat trying to follow but watching geopolitical headlines. Livestock supported early with higher cash and cutouts. Darin Newsom with Barchart has details.
AgDay TV Markets Now: Chip Nellinger of Blue Reef Agri-Marketing Discusses This Week’s Market Movers Including Argentina Frost, China and Black Sea Trade Tensions
New crop corn and soybean prices are historically high but with the current fundamentals should you be forward pricing? Darren Frye of Water Street Solutions provides insight.
Brazil’s largest farmer cooperative said growers are hoarding soybeans amid a drop in domestic prices.
Grains leaning higher Friday but down for the week and searching for direction. Livestock lower except live cattle which hit more contract highs with higher cash. Chip Nellinger Blue Reef Agri-Marketing has analysis.
Markets have all turned back higher midday, shaking off the negative outside markets....except cotton. What else are we trading? Shawn Hackett of Hackett Financial Advisors has analysis.
History suggests combined corn and soybean acres of up to 181 million, but several unknowns suggest combined acres could be higher in 2023.
Interesting comments on the Government Accountability Office (GAO) and its views on changes to crop insurance.
Grains quiet and 2-sided looking for direction but brushing off the negative outside markets. Cattle continue to consolidate. Kent Beadle of Paradigm Futures has more. Kent Beadle of Paradigm Futures has more.
How will big South American production impact U.S. producers who are preparing to plant a crop this spring?
Early frosts in the coming days could hurt Argentina’s already beleaguered soy and corn crops in southern areas of the country’s main farming region. . .
Grains end quietly mixed to higher still consolidating under Monday’s chart highs and looking for direction. Cattle and hogs also see more profit taking. Mike Minor of Professional Ag Marketing has details.
AgDay TV Markets Now: Mike Minor of Professional Ag Marketing Says Grains are Consolidating and Corn and Beans May Have Put in Highs Without a New Catalyst or Bullish Story.
The International Grains Council (IGC) cut its forecast for 2022-23 global corn and soybean production.
Grains mixed still consolidating under Monday’s highs. Are the tops in for now? Cotton is lower on economic concerns. Cattle also consolidate ahead of cash. Darren Frye of Water Street Solutions has more.
Grains open slightly lower then turn mixed digesting export news and weather. Markets continue to consolidate, so are seasonal highs in? Rich Nelson of Allendale has the answer and a look at livestock.
The Port of Savannah’s loaded container exports grew 21% in January.
House Speaker Kevin McCarthy (R-Calif.) pledged “this is the year to do a farm bill.”
AgDay TV Markets Now: Bryan Doherty of Total Farm Marketing discusses what triggered the selloff in the grains on Wednesday.
Inflation is moderating, but still well above the Federal Reserve’s 2% inflation goals. So, farmers are bracing for higher interest rates ahead.
What will the next decade hold for your farm? What factors should you use to weigh investments or crop planning? Here are five trends and data sets to ponder from USDA’s latest Agricultural Baseline Projections.
A risk off day in grains, with a higher dollar, no new bullish SA crop news and profit-taking after hitting chart resistance. Plus, are milk futures close to a bottom? Bryan Doherty, Total Farm Marketing has details.