Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Egg prices in the store are at 50-year highs prompting a Federal Trade Commission investigation into price gouging. but one economist says it isn’t warranted.
Grains mixed after early profit taking, Argentina rains, but are working on higher weekly closes. Livestock are mostly higher on short covering, despite soft cash. John Heinberg of Total Farm Marketing has more.
Livestock opened higher but live cattle fade after disappointing cash. Hogs are failing to build on yesterday’s technical reversal. Grains lower on profit taking. Scott Varilek of Kooima Kooima Varilek has more.
One of the top concerns for farmers heading into the 2023 growing season is high input costs. However, one input — fertilizer — looks surprisingly less expensive than a year ago.
AgDay TV Markets Now: Vince Boddicker of Farmers Trading Company talks about the combination of factors that drove the grain rally on Thursday.
Grains higher on technical buying, higher CO, export news, Arg crop losses, weather & risk premium. Profit taking in cattle w/steady to lower cash. Hogs bounce. Vince Boddicker, Farmers Trading Company has more.
Grains higher with technical buying, weather and export news all factors. Cattle seeing profit taking awaiting cash, while hogs see some short covering. Michelle Rook has details.
USDA’s attaché in Beijing reports: “Feed mills have resumed mixing more corn in feed rations as higher prices for wheat and sorghum . . .
Grains and cotton higher with technical buying and supportive export news. Cattle seeing profit taking awaiting cash. Hogs also lower. John Payne of Hedge Point Global Markets.
AgDay TV Markets Now: Don Roose Discusses if Soybeans and Meal are Putting Weather Premium Back In ?
AgDay TV Markets Now: Don Roose of U.S. Commodities talks about the bounce in soybeans and meal and if they’re adding Argentina weather premium back in? Plus, will deferred live cattle continue to make new highs?
Mexico is already self-sufficient in production of white corn but is highly dependent on imports for yellow corn.
Soybeans, meal end higher and may have taken out enough weather premium. Wheat saw short covering, but corn couldn’t follow. Deferred live cattle scored new contract highs. Don Roose of U.S. Commodities has more.
Livestock mixed, with cattle awaiting cash direction. Grains trying to hold gains led by wheat, have soybeans taken out enough weather premium? Jeff Hoogendoorn of Professional Ag Marketing has analysis.
Updated acreage forecasts from S & P Global.
Wheat sees corrective buying, soybeans more technical selling with good rains in Argentina. Corn is caught in the middle. Cattle and milk markets are lower. Bryan Doherty of Total Farm Marketing has details.
AgDay TV Markets Now: Pro Farmer’s Brian Grete talks about the corrective bounce in corn and wheat and why soybeans couldn’t hold $15.
Corn and wheat saw corrective buying, but soybeans couldn’t stay above $15 with farmer selling and improved weather in Argentina. LC saw fund buying, while hogs were lower. Brian Grete, Pro Farmer has details.
Cattle futures lower with higher corn and fears of lower cash, hogs can’t find a bottom. Grains started off with some corrective buying but it’s drying up in soybeans. Brad Kooima of Kooima Kooima Varilek has more.
Grains seeing a technical bounce, but will it hold? Cattle under pressure in response, while hogs are slightly higher but are they trying to bottom? Tomm Pfitzenmaier of Summit Commodity Brokerage has details.
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.