Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains are firmer ahead of the report. Soybeans and meal are the strongest on SA weather. Cattle seeing more profit taking, while hogs are lower. Michelle Rook has an update.
AgDay TV Markets Now: Mark Schultz of Northstar Commodity talks about the report positioning and profit taking in grains as well as cattle after new highs.
So far this winter, grain movement in Canada has incurred few if any major problems to stymie rail shipments, according to Mark Hemmes, president of Quorum Corp., which tracks rail movement in Canada.
Grains end mostly lower ahead of the WASDE, watching SA production, crude oil. Live cattle hit by profit taking after contract highs, with short covering in hogs. Mark Schultz of Northstar Commodity has analysis.
Cattle lower, but with is this just healthy profit taking after contract highs? Hogs try to recover after new lows. Report positioning in the grains. Brad Kooima of Kooima Kooima Varilek has analysis.
Grains mixed w/report positioning and profit taking in meal and soybeans. Wheat supported on a lower crop rating in TX. Cattle consolidate after new highs. Tomm Pfitzenmaier of Summit Commodity Brokerage has more.
AgDay TV Markets Now: Alan Brugler of Brugler Marketing analyzes the lower day in soybeans and meal and what it will take to break corn’s sideways trading pattern.
A mixed day w/beans and meal down on profit taking, rising China tensions. Corn slightly higher but rangebound. LC made new contract highs with higher cutouts and cash. Alan Brugler, Brugler Marketing has more.
Grains mostly lower on technical selling, Arg. rain chances, China tensions rising. Cattle lean higher with lower corn, higher cash, cutouts. China news pressures hogs. Randy Martinson of Martinson Ag has more.
Wheat higher putting in war premium, soybeans and meal lower on profit taking and Chinese tensions. Corn is caught in the middle. Cattle consolidate, while hogs see fund selling. Kent Beadle of Paradigm Futures.
USDA’s January updates limit downside price risk but do not eliminate the risk of lower prices.
La Niña conditions continue to break down as expected, though the atmosphere is still being influenced by the phenomenon.
Grains, cotton mostly lower following outside markets like CO, higher dollar. However, SA weather still a focus. Livestock up with new contract highs in LC and better cash. Darin Newsom with Barchart has details.
AgDay TV Markets Now: Darin Newsom with Barchart talks about the risk off day on Friday and how outside markets and the South American crop will continue to drive the grain markets.
Advance sales of Brazil’s record 2022-23 soybean crop rose slightly over the past month but still trail last year and historical levels by a wide margin. . .
Grains mostly lower with the higher dollar, risk off in outside markets, plus technical selling after hitting resistance. Cattle mixed awaiting cash; hogs mostly lower. Garrett Toay of AgTraderTalk has analysis.
A mostly lower start in grain and livestock futures. A risk off day in the outside markets, with a higher dollar, spills over. Argentina conditions are mixed. Allison Thompson of The Money Farm has details.
Corn and soybean prices hit 10-year highs in 2022, creating exceptional returns to row crop producers. Will 2023 be a repeat or will prices shift lower?
Tax policy geared toward farmers and others that transfer land and other assets to heirs will get a renewed focus at the Ways and Means Committee this year, a marker of the panel’s more rural tilt.
AgDay TV Markets Now: Kevin Good of CattleFAX Has a Bullish Cattle Price Outlook for 2023
Grains closed mixed as corn and KC wheat hit chart resistance, but new highs in soybean meal helped soybeans. Livestock rebounded on technical short covering. Chip Nellinger of Blue Reef AgriMarketing has more.
CattleFAX provided their cattle price outlook for 2023. Michelle Rook talks with Kevin Good of CattleFAX to get details.
The latest estimate from StoneX raises its Brazilian soybean crop estimate to a record level.
Grain and livestock futures see early strength. Technical buying in grains, drier weather in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer’s Keeper.
Cattle futures lower fading USDA’s Cattle Inventory Report. Hogs resume their slide, while grains ended mixed as soybeans see profit-taking. Is the weather rally over? Brad Kooima of Kooima Kooima Varilek has more.
AgDay TV Markets Now: Brad Kooima of Kooima Kooima Varilek says cattle futures fade USDA Cattle Inventory Report but will eventually make record highs.
AgDay TV Markets Now: Oliver Sloup of Blue Line Futures talks about the mixed closes with end of the month positioning the main feature, but corn and soybeans also continue to fail at resistance.
In a decade, government outlays to subsidize crop insurance increased 60%, expanding in sync with the rapid growth in acreage covered by the policies, according to Risk Management Agency data.
Grains try to recover midday with help from the reversal in outside markets. Live cattle are mixed with bullish hopes for the USDA Cattle Inventory Report. Scott Varilek of Kooima Kooima Varilek has details.
Grain and livestock traded 2-sided with end of the month positioning, profit taking & spread unwinding. However, corn & soybeans failed to take out chart resistance. Oliver Sloup, Blue Line Futures has analysis.