Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Grains open steady to lower with rains over the weekend in Argentina lower CO, higher dollar. Cattle opened mixed but look poised to move higher, with hogs lower. Tomm Pfitzenmaier with Summit Commodity Brokerage.
The Wall Street Journal (WSJ) editorial personnel are very much opposed to the Renewable Fuel Standard (RFS) program. Their latest commentary takes on EPA’s recent announcements. . .
Grains end the year strong with soybeans above $15 but will the South American weather rally continue? John Payne of Hedge Point Global Markets has the answer and factors that will drive the markets to start 2023.
Soybeans and meal supported by SA crop concerns & export demand. Wheat saw short covering, corn ended lower. Livestock ended mostly lower on EOY profit taking. John Payne, Hedge Point Global Markets has more.
Cash Basis Levels for Corn and Beans at 20-Year Highs: What Is Driving It and How Long Will It Last?
Cash basis levels for corn and soybeans at 20-year highs as a result of transportation issues tied to winter storm Elliott, but it’s also due to tight supplies.
Soybeans sees SA weather market, contract highs in meal supportive. Wheat now leading on short covering, corn following. Cattle see profit taking after contract highs, higher cash. Kent Beadle of Paradigm Futures.
Keep an eye on these four issues to impact corn and soybean prices in 2023.
Grains higher early with soybeans leading on Argentina crop concerns, new contract highs in meal and fresh export biz, corn and wheat following. Cattle are mixed with hogs mostly lower. Michelle Rook has details.
Soybeans remained above $15 supported by continued crop concerns in Argentina. John Heinberg of Total Farm Marketing talks about how long the weather market may last, lower grains and the new highs in live cattle.
Corn, Wheat and Hogs Lower on Profit Taking and China COVID Cases: Soybeans and Cattle Trade Weather
Soybeans held SA weather premium, corn and wheat saw EOY profit taking and rising China COVID cases. LC made some new contract highs on weather and firming cash bids. John Heinberg, Total Farm Marketing.
Corn and wheat seeing some end of year profit taking, while soybeans are building SA weather premium. Cattle are also supported by weather, profit taking in the hogs. Chuck Shelby of Risk Management Commodities.
Corn, wheat see EOY profit taking on China COVID #s, soybeans up on SA weather. Cattle higher with lower corn & weather supportive, while hogs also see profit taking. Randy Martinson of Martinson Ag has details.
Grains close mostly higher, but will the rally continue in corn or soybeans with a close above $15? How much should farmers sell at these levels? Chip Nellinger with Blue Reef Agri-Marketing has the answers.
Grains mostly higher on fund buying and SA weather. Soybeans close above $15, will the rally keep going? Livestock trade two-sided on EOY squaring. Chip Nellinger, Blue Reef Agri-Marketing has more.
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.