Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains mostly higher with support from SA weather, fund buying. Livestock trading mostly lower, with end of year profit taking after new highs Tuesday. Jeff Hoogendoorn of Professional Ag Marketing has details.
Grains mostly higher early except corn. Yet, corn basis is at 20-year highs, so when should you sell? Soybeans supported by SA weather, but can we stay above $15? Nick Tsiolis of Farmers Keeper has details.
Corn and soybeans were higher Tuesday on SA weather and China lifting more COVID restrictions. Beans got above $15 but couldn’t close above that level. Matt Bennett of AgMarket.Net explains why.
Grains end mostly higher putting in SA weather premium, but soybeans can’t close above $15. Live cattle make new contract highs and fail. Matt Bennett of AgMarket.Net has insight.
LC hit new highs on weather and the COF report, then see hedge pressure. Hogs also hit new highs after the report. Row crops put in SA weather premium. Brad Kooima of Kooima Kooima Varilek has analysis.
Grains open mostly higher, except wheat, trading risk on in outside markets, lower dollar, China COVID easing, SA weather. Live cattle and hogs extend gains and put in new contract highs after USDA reports.
What will influence the agricultural markets this last week of 2022 and into 2023? Michelle Rook talks with Tommy Grisafi of Advance Trading to get insight.
The pork industry will see some changes in the national checkoff program to kick off the new year.
Grains saw pre-holiday trade, export biz and weather supportive. Cattle were up on $156 cash, higher cutouts, report positioning. Hogs saw profit taking on lower cash. Scott Varilek of Kooima Kooima Varilek.
The current trend is a friend to farmers, as the markets ended the day green almost across the board. Gulke Group’s Jamie Wasemiller breaks down the positive outlook and provides insights to post-Christmas trade.
From the docks of Southern California and Europe to the parcel hubs in the Midwest and the store shelves in New York, signs are growing that the global supply chain crisis is over.
Grains higher on short covering, export biz and weather. Cattle mostly higher ahead of the report, with strong cash and cutouts, hogs consolidate with lower cash. John Payne of Hedge Point Global Markets.
Grains up on holiday positioning, friendly outside markets and fresh corn and soybean export sales. Cattle are higher with steady to better cash news and report positioning, while lower cash is pressuring hogs.
The outlook for 2023 grain prices is difficult to pin down given a host of unknown global outcomes. Economists say the new year could bring major moves in either direction, including higher prices.
For 2023, all food prices are predicted to increase between 3.5% and 4.5% (up from 3.0% to 4.0% in November), food-at-home prices are expected to rise between 3.0% and 4.0%.
Grains finish mostly lower Thursday with profit taking, slow exports and negativity in outside macro markets. What will be the focus for markets to end the year? Tommy Grisafi of Advance Trading provides insight.
Grains lower except HRW wheat with profit taking, disappointing exports and GDP news pulling down futures. Cattle mixed, with hogs higher ahead of reports. Mike Zuzulo of Global Commodity Analytics has analysis.
Grains mixed with profit taking and slow exports weighing on row crops, wheat supported by weather. Livestock open lower then turn mixed with holiday, EOY and report positioning. Michelle Rook breaks it down.
Ukraine’s corn production could fall to 22 MMT to 23 MMT this year from 41.9 MMT in 2021.
EPA as expected on Tuesday released final tailpipe emission rules for trucks, which some health and environmental groups say don’t go far enough to be adequately protective.
AgDay TV Markets Now: What drove the commodity wide rally Wednesday and pushed live cattle into new contract highs? Will it continue? All questions Michelle Rook asks Darren Frye of Water Street Solutions.
Grain and livestock futures close higher on Wednesday. What was behind the commodity wide rally? Darren Frye of Water Street Solutions has the answer.
Winter weather is packing a punch across much of farm country this week. However, its being somewhat ignored by the trade.
Grain and livestock futures are mostly higher midday with weather, end of year positioning and light holiday trade all contributing to the rally. Chip Nellinger of Blue Reef Agri-Marketing has more.
AgDay TV Markets Now features Brian Grete of Pro Farmer talks with Michelle Rook about the how the light holiday volume is fueling the rally in the grains and if soybeans can get over $15.
Grains see follow through technical buying under light volume, with weather supportive. Cattle open mixed with hogs higher waiting for the USDA reports Friday. DuWayne Bosse of Bolt Marketing has details.
Dr. Vince Malanga, president of LaSalle Economics shares his thoughts on the economy.
Grains rebound on technical buying with thin holiday volume, but can soybeans hit $15? Live cattle lower on profit taking ahead of COF report, with hogs following lower cash. Brian Grete, Pro Farmer has analysis.
Live cattle look lethargic midday despite positive fundamentals & higher feeders, hogs are mostly lower. Grains higher with technical buying, weather premium. Brad Kooima of Kooima Kooima Varilek has details.
Grains see corrective buying but will it hold? And does the wheat market need to add some weather premium? Livestock under pressure. Analysis with Allison Thompon of The Money Farm.