Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
U.S. natural gas prices are trying to recover after hitting their lowest levels since June 2021 last week. What caused the implosion in prices and what does that mean for farmers and end users?
Trucking industry representatives have raised concerns that a larger reliance on SAF will take away key feedstocks from biodiesel. . .
AgDay TV Markets Now: DuWayne Bosse of Bolt Marketing talks about how much lower grain prices could go after the selloff on Monday and can cattle keep moving higher without cash leading?
Brazilian President Luiz Inacio Lula da Silva said Brazil and Argentina are studying the creation of a common currency to be used in trades between the two countries in order to reduce dependence on the U.S. dollar.
Natural gas prices rebound Monday after hitting lows not seen in a year. Is the bottom in? John Wenzel, Senior Risk Management Consultant with StoneX has details.
Grains lower after beneficial Argentina rains and technical selling, but how much more downside is there? Cattle bounce with friendly COF, while hogs slide with cash. DuWayne Bosse of Bolt Marketing has more.
Grains lower with technical selling and improved weather in Argentina and the Southern Plains. Livestock higher with lower corn and friendly COF numbers. Michelle Rook has midday analysis.
A lower opening in grain with rains over the weekend in Argentina and more technical selling. Cattle supported by friendly COF Report numbers, while hogs are back lower. Kevin Duling of KD Investors has analysis.
Brazil-based consulting firm AgRural trimmed its Brazilian soybean and corn crop estimates.
This year is already looking calmer than 2022 in liquefied natural gas markets, but that’s unlikely to slow the momentum for transports of the fuel.
Prices are flat to lower this week, with March corn prices up a penny, and March soybean prices down 21¢ for the week ending Jan. 20. Wheat prices were down a few cents.
AgDay TV Markets Now: Arlan Suderman of StoneX Group says U.S. and South American weather, along with headlines on the economy will continue to dominate the markets head, especially as we go into the FOMC meeting.
Price action summary and outlook for the next 5, 30 and 90 days.
Corn and beans lower Friday removing SA weather premium, while wheat saw some short covering. Livestock ended higher on Friday with some end of week short covering. Arlan Suderman of StoneX Group has analysis.
Soybeans lower but wheat higher as both trade weather, corn is rangebound. Livestock see a short covering bounce. Shawn Hackett of Hackett Financial Advisors also talks about the market impact of China post-COVID.
Livestock try to recover after lower cash, ahead of USDA Reports. Grains two-sided with good weekly exports, but traders are cautious with better weather. Scott Varilek of Kooima Kooima Varilek has more.
Bank of England (BOE) Governor Andrew Bailey said there was now more optimism about the prospects for inflation falling this year.
AgDay TV Markets Now: Darren Frye of Water Steet Solutions says this week’s closes in corn and soybeans will be important for keeping the uptrends intact in these two markets.
Ag markets end lower as a risk off day in equities spills over. Grains also saw technical selling and removed weather premium. Lower cash also weighed on livestock. Darren Frye of Water Street Solutions has more.
High prices will cure high prices. It is already occurring with acreage increases in South America and demand destruction in various regions.
Soybeans see more technical selling, removing weather premium, while corn and wheat stage a technical bounce. Lower equities and cash pressure livestock. Jeff Hoogendoorn of Professional Ag Marketing has more.
The lifting of Covid-19 restrictions in China is set to boost global oil demand this year to a new record high, the International Energy Agency (IEA) said.
The risk off outside markets has grain and livestock lower. Grains also seeing follow through selling after poor closes yesterday and removing weather premium. Allison Thompson of The Money Farm has more.
Historically, corn basis has been wide in the Midwest and the western Corn Belt, while tight in the East. In 2022 it was the opposite. What happened?
China, the top food importer on the planet and biggest buyer in history, is entangled in a potentially devastating population crash and the effect could be massive for U.S. agriculture.
AgDay TV Markets Now: Jim McCormick of AgMarket.Net talks about the reasons for the selloff in the grains on Wednesday including profit taking and traders removing weather premium.
Cargill and Viterra appear as charterers of two vessels to be loaded with Brazilian soybeans for delivery in Argentina over coming weeks, according to shipping data, Reuters reported.
Grains ended lower on profit taking, removing weather premium. Jim McCormick of AgMarket.Net says cattle saw short covering, but weather and report positioning were also factors. Hogs continued to slide with cash.
Cattle futures higher on short covering, ahead of cash and reports, plus putting in weather premium. Hogs lower on China news, lower cash. Grains futures lower on profit taking. Brad Kooima of Kooima Kooima Varilek.
Soybeans see profit taking, with Argentina rain chances, but follow through buying in wheat pulls corn back up. Cattle seeing short covering, while hogs await a cash bottom. Randy Martinson of Martinson Ag has more.