Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains close mixed after the WASDE with few changes except U.S. corn carryover. Argentina dryness was the big focus. Cattle higher, despite lower cash. Hogs down for the week. Garrett Toay AgTraderTalk.
What will the cash value of money today be worth down the road at 5%, 6% or 7%, especially if made with borrowed money?
Grains mixed after WASDE. The only change USDA made to U.S. ending stocks was in corn by lowering exports. Brian Splitt of AgMarket.Net has analysis.
Grain mixed early with soybeans down despite new highs in meal again. Corn basis strongest in 20 years so what does that mean for marketing? Cotton and cattle higher. Darin Newsome, Barchart Sr. Market Analyst
The share of palm oil in biodiesel and in food in the European Union is expected to fall significantly within the next 10 years, leading to a sharp drop in imports, the European Commission said
Grains end mostly higher as soybeans w/Argentina weather, fresh demand supportive, technical buying in corn. Cattle higher w/firmer product. Poor weekly exports hit hogs. Naomi Blohm with Total Farm Marketing.
Grains open higher with more technical buying, soybeans still leading with NCHs in meal and strong export business. Cattle up on higher product values, lower hogs with poor exports. Rich Nelson of Allendale.
SovEcon raised its 2022-23 Russian wheat export forecast by 200,000 MT . . .
Corn and wheat higher but will there be any follow through buying? Soybeans and meal putting in SA weather premium. Live cattle lean higher with cutouts up. Chuck Shelby of Risk Management Commodities.
Corn and wheat up on corrective buying with contract highs in meal and SA weather supporting soybeans. Cattle consolidate despite cutouts rebounding, hogs higher. Allison Thompson of The Money Farm has analysis.
Soybeans higher with new contract highs in soybean meal on Argentina weather, corn and wheat see corrective buying. More profit taking in cattle w/ lower cutouts, while hogs up. Michelle Rook has analysis.
The ISM Services purchasing managers index released Monday unexpectedly jumped to 56.5 in November, rebounding from a more than 2-year low of f 54.4 hit in October...
Indonesia is making plans to bring B35 biodiesel (diesel fuel with a 35% mix of palm oil-based fuel) to the market in 2023, according to Chief Economics Minister Airlangga Hartarto.
Soybeans higher following new highs in meal, Argentina dryness and export biz. More technical selling in corn, wheat. Livestock lower on consolidation, lower product values. DuWayne Bosse of Bolt Marketing.
Livestock consolidating with higher feed prices and weak product values. However, cattle supported by strong cash. Grains mixed with corn following higher beans and meal. Brad Kooima, Kooima Kooima Varilek.
Soybeans are up with meal, 18.5 mb of export biz, dryness in Argentina, corn is trying to follow while wheat sees fund selling w/record Aussie crop. Livestock consolidate with higher corn and lower products
La Niña is in its 29th month of existence but it should be in decline, according to World Weather Inc., who says its influence on the world will be greatly diminished in January and February . . .
More technical selling and fund liquidation in the grains. Lower CO and the higher dollar also pressured the market late. Livestock ended mixed. Michelle Rook has details with Randy Martinson of Martinson Ag.
Soybean slightly higher w/ China’s easing COVID policy, export demand. Corn & wheat see more fund liquidation w/ slow demand. Cattle up w lower corn & strong cash, fund buying in hogs. Michelle Rook has analysis.
Markets are mixed early. Can corn and wheat recover after technical damage or will funds sell more? Soybeans up on easing China COVID policy. What’s ahead for cattle? Kevin Duling of KD Investors has details.
It’s still too early to tell the long-term impacts for farmers with EPA’s proposal for renewable fuels, says Jerry Gulke. But the short-term effect was a price drop.
Updated Canadian wheat estimates.
Massive technical selling in corn and wheat, closing below key support. Soybeans recovered despite lower BO. Livestock mostly higher, with firm cash cattle and technical buying. Darren Frye, Water Street Solutions.
Fund selling took corn and wheat below key support areas Friday. How much lower could markets go? Can soybeans recover if soybean oil continues to slide? Darren Frye Water Street Solutions has the answers.
Pro Farmer shares their latest soybean outlook.
Grains mixed with more fund selling in corn and wheat, while soybeans bounce despite lower soybean oil. Livestock higher, with strong cash cattle trade and lower corn. Chip Nellinger of Blue Reef Agri-Marketing.
Argentina’s wheat production outlook is likely to face more cuts due to lower-than-expected yields, the Buenos Aires Grain Exchange said in its weekly report.
Corn and wheat see more technical selling w/a higher dollar. Technical bounce in beans, despite the continued selloff in BO. Live cattle see early pressure despite steady to higher cash, profit talking in hogs.
Grains lower, with soybeans hit hard following an implosion in soybean oil after EPA released the RFS volumes. Slow exports added to the technical selling. John Payne of Hedge Point Global Markets has details.
Live cattle lower as steady cash disappoints. Hogs extend gains on short covering. Grains down with slow exports, profit taking, lower soybean oil a drag on soybeans. Pat Von Tersch with Professional Ag Marketing.