Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Participants of a crop tour conducted by Grupo Labhoro and Noticias Agricolas traveled 1,864 miles across Santa Fe, Cordoba, Buenos Aires and Entre Rios, Argentina last week analyzing the crop situation.
Grains ended mostly lower with profit taking, with an eye on weather and outside markets. Cattle consolidate, while hogs were supported by ASF news and bottoming cash. Garrett Toay of AgTradeTalk has analysis.
Profit taking in cattle, but is it just a healthy correction and will cash be higher this week? Hogs supported by ASF concerns. Soybeans and meal consolidate. Brad Kooima of Kooima Kooima Varilek has more.
Grains mixed early with soybeans and meal seeing some profit taking. Oil and the equities lower after the CPI data showing inflation is still alive. Cattle also consolidate. Darin Newsom of Barchart has details.
U.S. beef exports set annual records for both volume and value in 2022. The strong performance came in the face of many supply chain headwinds in the last year and COVID lockdowns in China.
With the massive liquidation of the nation’s cattle herd due to the historic drought what is the state of the cattle industry?
In its annual rural policy blueprint, known as the “No. 1 document,” China’s State Council reiterated a recently stated goal to boost grain production. . .
AgDay TV Markets Now: John Payne Talks About $500 meal and how much higher SA crop concerns push meal and soybean prices. Plus, do the Black Sea export concerns continue to push wheat higher?
Meal closed above $500 on SA crop losses lifted beans and corn. Black Sea export concerns supported wheat. Live cattle hit contract highs on strong cash. John Payne of Hedge Point Global Markets has more.
Corn, beans up with SA concerns & meal into contract highs, but both hit chart resistance. Wheat following, putting in war premium. Live cattle hit contract highs with higher cash. Randy Martinson of Martinson Ag.
Grains mixed with profit taking in wheat, contract highs in meal supporting soybeans and corn is following. Cattle see strength after higher cash, with hogs firm . Allison Thompson of The Money Farm has more.
AgDay TV Markets Now: Tommy Grisafi of Advance Trading details the geopolitical headlines fueling the grain rally Friday, including Russia’s oil production cut. Plus, Argentina weather continues to be a focus.
The grain markets had a good week, with prices up across the board.
Geopolitical headlines sparked technical buying in grains and crude oil today, including Russia’s oil production cut. Argentina crop concerns push soybean meal to new highs. Tommy Grisafi of Advance Trading has more.
Grains are higher with corrective buying, but wheat puts in war premium. Crude oil, Argentina weather also supportive. Nearby live cattle are up on higher cash. Hogs mixed. DuWayne Bosse of Bolt Marketing.
Cattle strong w/higher cash of 254/160. Hogs mixed with the cash index slowly improving. Corn, soybeans supported by strong cash, SA weather, higher CO. Scott Varilek of Kooima Kooima Varilek has more.
What is the state of the U.S. economy? How will these macro factors impact the agricultural economy? John Deere’s Kanlaya Barr provides a guide to a few risks you should monitor in the next year.
Grains end lower as profit taking sets in with weather, CO and exports factors. Yet grains still rangebound. Livestock consolidate as cattle await cash. Chuck Shelby with Risk Management Commodities has more.
Mexico’s coming ban on GMO corn imports could impact other areas of trade with the U.S., including sugar and corn syrup, an independent report released on Thursday said.
AgDay TV Markets Now: Chuck Shelby of Risk Management Commodities talks about the lower day with profit taking in the grains, but markets are still chopping in trading ranges.
Grains see profit taking, with lower crude oil, U.S. and SA weather a factor as well as exports. What’s keeping grains at these current price levels and what could change that? The outlook w/Steve Freed ADMIS.
Corn and soybeans see 2-sided trade watching SA weather, export news. Wheat lower on the poor weekly exports. Livestock consolidate after early strength. Kevin Duling of KD Investors has details.
While Tyler Schau, AgMarket.Net hedging strategist, wouldn’t call this month’s report a barnburner, it did have a few market implications.
AgDay TV Markets Now: John Heinberg discusses how the lower Argentina production numbers are already worked into corn and soybean prices and what the market needs to keep pushing higher.
The U.S. exported 266.2 million lbs. of beef in December, down 10.9 million lbs. (3.9%) from November and 20.0 million lbs. (7.0%) below the previous year.
Grains up after minor U.S. changes in WASDE. Argentina cuts were bigger, but already priced in. Wheat saw short covering. Hogs bounced, while cattle consolidated.. John Heinberg of Total Farm Marketing.
Grains up after minor U.S. changes in WASDE. RGE cuts Argentina crops, but may be priced in. Wheat saw short covering, while hogs bounced and consolidated. John Heinberg of Total Farm Marketing. has details.
Grains higher after the WASDE with cuts in the Argentina corn and soybean crop outweighing the increase in corn and soybean ending stocks. Wheat saw very few changes. Jim McCormick of AgMarket.Net has details.
Conab, the Brazilian government’s crop estimating agency, released updated crop and export estimates for corn and soybeans.