Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains and cotton under early pressure from China COVID protests and lower crude oil. Dollar is down. Live cattle see profit taking despite higher cash. Michelle Rook with Darin Newsome of Barchart.
Corn & beans up on holiday technical buying, wheat sees technical selling with rain chances. Milk lower w/ record COVID cases in China, cattle consolidate. Michelle Rook w/ Bryan Doherty of Total Farm Marketing.
Grains see technical buying on light holiday volume, strong corn exports. Livestock 2-sided with strong exports, short covering in hogs, cattle mixed with higher corn vs. higher cash. Michelle Rook has an update.
Grains mostly higher on light holiday trade on follow through technical buying, higher crude oil and export news. Cattle lower with higher corn. Hogs are down with lower cash & cutouts. Michelle Rook has an update.
The key to soybean prices staying at current levels will be what happens with South America’s crop. Joe Vaclavik of Standard Grains says projections are for a record soybean crop in Brazil, depending on La Nina.
Grains rally back into the close with technical buying and holiday positioning. Cattle closed lower even with higher cash, hogs also sold off. Michelle Rook w/ Mike Minor of Professional Ag Marketing.
Grains mixed in typical pre-holiday positioning. Livestock mostly lower with technical selling, while cash cattle trade is higher. Michelle Rook talks with DuWayne Bosse of Bolt Marketing.
Brazil is poised to export 40 million tonnes to 50 million tonnes of corn next year, after a new trade protocol with China and a potential bumper crop.
Grain and livestock futures mixed on holiday trade. Grains also watching looming demand concerns. So how long can cash grains prices remain historically strong? Michelle Rook with Nick Tsiolis of Farmer’s Keeper.
A shrinking U.S. supply, a falling stocks-to-use ratio and the uncertainty of a third-consecutive La Niña South American growing season combined to keep soybean prices elevated through harvest.
Market volatility provides opportunity into late winter. But we want producers to be prepared for a changing global agricultural landscape in 2023.
Grains lower on light preholiday volume. Demand concerns & China’s rising COVID cases caused light technical selling. Cattle saw profit taking pressure with hogs mixed. Michelle Rook w/ Randy Martinson, Martinson Ag.
Grains lower on Tuesday. Randy Martinson of Martinson Ag says technical traders are liquidating pre-holiday on demand concerns, including slow exports, rising COVID cases in China and a possible rail strike.
Live cattle see profit taking after bullish COF and cash ideas. Hogs seeing fund buying and bull spreads, corn is two-sided watching outside markets. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
Grains Quiet and Two-Sided Early Watching Higher CO, Lower Dollar: Cattle see Profit Taking, Hogs Up
Grains slightly higher early with higher CO & the lower dollar, despite China COVID lockdowns. Cattle see profit taking, hogs extend gains. Michelle Rook w/Tomm Pfitzenmaier of Summit Commodity Brokerage.
Although domestic demand for U.S. corn continues to be strong, export demand has been disappointing. What is impacting exports? What are your expectations for the winter?
Results of the latest United Nations climate summit were unveiled Sunday morning, as grueling debates over a historic fund and fossil fuel emissions forced negotiations to drag on almost two days longer than expected.
Corn and wheat weaker Monday with slow export inspections and a higher dollar, while soybeans shook off China COVID concerns on strong export shipments. Michelle Rook & Mike Zuzulo, Global Commodity Analytics.
Corn & wheat weaker on slow demand. Soybeans shook off the rising China COVID cases with strong export inspections. Cattle rallied on the COF report. Michelle Rook w/Mike Zuzulo Global Commodity Analytics.
Grains lower on technical selling and the risk off in outside markets w/rising COVID cases in China. Cattle open higher w/bullish COF report, hogs mixed. Michelle Rook w/Allison Thompson of The Money Farm.
Food prices will probably decline next year, even as global crop stockpiles stay very tight, especially for oilseeds, said David MacLennan, CEO of Cargill.
A long-held belief is that it’s best to be “long-iron and short-taxes.” That’s likely to limit downside risk in the used equipment market through the end of the year.
Grains manage to hold key support areas despite the volatile week. Where does the market go from here? Michelle Rook asks Oliver Sloup of Blue Line Futures.
Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but will it continue? Hogs lower. Michelle Rook w/Oliver Sloup of Blue Line Futures.
Grain mixed with short covering in row crops waiting for fresh news, technical selling in wheat. Cattle higher with lower corn, higher cash and report positioning. Michelle Rook w/Randy Martinson, Martinson Ag.
The International Grains Council (IGC) trimmed its forecast for 2022-23 global wheat production by 1 million metric tons (MMT).
Grains two-sided, consolidate watching outside markets like lower crude oil. Cattle seeing higher prices on cash strength with profit taking in hogs. Michelle Rook w/ Chuck Shelby of Risk Management
Corn ends slightly higher, wheat off lows. Has market absorbed Black Sea Export Deal extension? Soybeans hit w/lower BO and SA weather. Will these levels hold? Michelle Rook w/Matt Bennett of AgMarket.Net.
Corn ends slightly higher, wheat off lows, absorbing the Black Sea Export Deal extension. Soybeans saw technical selling pressure w/lower BO. Cattle strong w/higher cash. Michelle Rook w/Matt Bennett, AgMarket.Net
Grains see more technical selling, extension of Black Sea Export Deal and risk off outside markets. Cattle firmer with lower corn and higher cash. Michelle Rook w/John Heinberg, Total Farm Marketing.