Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
The acreage numbers were not too surprising, says Jerry Gulke, president of Gulke Group. What held a bigger punch was the demand picture.
AgDay TV Markets Now: Arlan Suderman of StoneX Group discusses the risk off in commodities to end last week and if funds will continue to sell the grains with lower weekly closes.
Price action and outlook for the next 5, 30 and 90 days.
USDA is projecting higher production of major commodities for the upcoming crop season for the U.S. and globally, releasing their baseline projections for the upcoming marketing year at the USDA Ag Outlook Forum.
Risk off in outside markets, increasing inflation talk sparks more technical selling in grains. With lower weekly closes will the funds continue to liquidate next week? Arlan Suderman of StoneX has the answer.
The risk off day in the outside macro market has funds selling across the commodity complex. Kevin Duling of KD Investors says May corn needs to hold support at $6.50 and wheat prices are below pre-war levels.
Fund liquidation continues in the grains. Cattle make new highs on higher cash, cutouts, lower corn, COF positioning. Hogs follow higher cutouts, strong weekly exports. Scott Varilek, Kooima Kooima Varilek has more
AgDay TV Markets Now: Mike Zuzulo of Global Commodity Analytics Discusses What Led to the Selloff in Corn and New Highs in Cattle
A large portion of the safrinha corn crop in Brazil’s Parana and Mato Grosso do Sul states will be planted outside the ideal window, according to AgRural.
The United States natural gas market has imploded with prices dropping 80% since summer. So, should end users be locking in supplies?
Grains were mostly lower after USDA’s forecasts. Cattle marked new highs again ahead of the Cattle on Feed report, and hogs followed with strong cutouts. Mike Zuzulo of Global Commodity Analytics has the details.
Grains mostly lower with consolidation, a lack of fresh bullish news, USDA’s Ag Outlook numbers. Live cattle hit contract highs on the atypical BSE case. Jeff Hoogendoorn of Professional Ag Marketing has more.
Grains start steady to higher but turn two-sided looking for direction. Cattle making new highs with the atypical BSE case in Brazil. Hogs consolidating. Chuck Shelby of Risk Management Commodities has more.
AgDay TV Markets Now: DuWayne Bosse of Bolt Marketing talks about the selloff in grains including risk off, profit taking in soybeans and corn, plus moisture in HRW areas weighed on wheat.
The Federal Reserve needs to get inflation on to a sustainable path down toward its 2% goal this year or else risk a repeat of the 1970s. . .
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.