Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
AgDay TV Markets Now: Fund traders bought grains in 2022 as a hedge against inflation but what catalyst do they need to resume that buying in the grains in 2023? Ted Seifried of Zaner Ag Hedge has the answer.
With a pandemic-driven surge finally over, monthly import cargo volume at the nation’s major container ports has fallen below the 2 million twenty-foot equivalent unit (TEU) mark . . .
Joe Vaclavik of Standard Grain talks about poor demand for corn including exports and slow ethanol production. Will USDA make adjustments in this week’s reports?
India’s wheat production is set to jump to a record. . .
Costs for hiring ships to transport commodities from the Black Sea have risen by more than one-fifth since the start of the year, Reuters reported, reflecting higher war risk insurance rates, industry sources said.
“A lot of people looked at the smaller landlocked crush facilities and said, ‘Does that make sense?” I think those locations will go away, and I’m not sure they should have been there to begin with,” Fife says.
The latest issue for rail service is a dispute between Union Pacific and poultry giant Foster Farms.
Indonesia and Malaysia, the world’s biggest producers of palm oil, agreed on Monday to work together to fight “discrimination” against the commodity after a meeting between leaders from the countries.
The acreage battle will be a hot topic in 2023, especially for the cotton market. Early indication the nation’s farmers will be planting less cotton.
World Weather Inc. anticipates scattered showers and cooler temps with a frontal passage through Argentina during the middle of next week but amounts and coverage levels won’t be enough to halt crop stress.
Soybeans rally on corrective buying, dry Argentina weather. Corn tries to follow, but poor exports and lower wheat are a drag. Livestock see follow through selling. Shawn Hackett of Hackett Financial Advisors.
AgDay TV Markets Now: Shawn Hacket of Hackett Financial Advisors talks about what drove the corrective rally in soybeans and the focus on Argentina weather and the upcoming USDA data dump.
Demand concerns have been intensifying with the spike in Covid numbers in China. That’s been sending a negative tone across the energy sector, equities and portions of the ag markets.
Soybeans higher on corrective buying, dry Argentina weather. Corn tries to follow but poor exports are a headwind. Cattle & hogs see follow through selling, trade cash. Joe Vaclavik of Standard Grain has analysis.
Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after steady cash, hogs lower following cash. Chuck Shelby of Risk Management Commodities has more.
Senate Ag Chair Debbie Stabenow (D-Mich.) announced Thursday she won’t seek re-election and will retire when her fourth term ends in early 2025.
AgDay TV Markets Now: Ted Seifried of Zaner Ag Hedge talks about the third day of fund liquidation in the ag markets and if it’s done?
Individual state crop conditions ratings showed further deterioration of the hard red winter wheat crop during December. Yet it has failed to move the wheat market
Mostly lower closes, except wheat with the third day of fund liquidation in a risk off environment. Is the liquidation done? Ted Seifried of Zaner Ag Hedge has details.
Another day of commodity wide selling and fund liquidation in grain and livestock futures. It’s being driven partly by recession and economic concerns and China COVID cases. Darin Newsome with Barchart has details.
Grains open mostly lower with more fund liquidation, economic and China COVID concerns, will chart support areas hold? Cattle see profit taking and hogs more technical selling. Rich Nelson of Allendale has details.
Ukraine’s efforts to increase exports under the Black Sea grain deal with Russia are currently focused on securing faster inspections of ships rather than including more ports in the initiative.
AgDay TV’s Markets Now: Bryan Doherty of Total Farm Marketing talks about the follow through technical selling in the grains on Wednesday and if there is more pressure ahead. Plus he’s bullish cattle!
Grains were lower on follow through technical selling, lower crude oil, economic concerns & China COVID cases. Cattle saw a corrective bounce helped by corn. Bryan Doherty of Total Farm Marketing has details.
Grains all lower on more profit taking, technical and farmer selling after the year-end rally. Cattle see a corrective bounce with the drop in corn, while hogs fall with cash. DuWayne Bosse of Bolt Marketing.
Corn and wheat see follow through selling, while soybeans correct w/meal, hot dry weather returning in Argentina, export biz. Short covering in cattle, with hogs mixed. Kent Beadle of Paradigm Futures has more.
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the IMF warned.
AgDay TV Markets Now: Bill Biedermann of AgMarket.Net talks about the reason for the commodity wide sell off and if the soybean market did any technical damage with the close below $15 after hitting record highs.
Grain and livestock futures saw a commodity wide selloff with the “risk off” in outside markets like crude oil and the higher dollar. But did we do technical damage? Bill Biedermann of AgMarket.Net has the answer.
Markets are all down in a commodity wide selloff, with the risk off in outside markets. However, there’s still optimism ahead for markets like soybeans and cattle. Scott Varilek, Kooima Kooima Varilek explains.