Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains lower w/extension of Black Sea Export Deal, risk off outside markets. Cattle mixed on report positioning. Hogs lower on exports, big slaughter. Michelle Rook w/Scott Varilek of Kooima Kooima Varilek.
U.S. import prices fell 0.2% from a month earlier in October, following a 1.1% decline the previous month.
Soybeans pressured by lower soybean oil and SA rains. Corn & wheat removed war premium, but corn held support w/ the largest single purchase of corn by Mexico. Michelle Rook w/ Alan Brugler, Brugler Marketing.
A panel commissioned by Congress urged the White House to review China’s trade practices and suspend normal trade ties if Beijing violated a 1999 agreement.
Grains close lower with soybeans pressured by lower soybean oil and SA rains, corn and wheat removed war premium. Livestock ended higher with technical buying. Michelle Rook w/ Alan Brugler, Brugler Marketing.
Grains see technical selling removing Black Sea war and SA weather premium. Mexico largest single purchase of U.S. corn ever. Buy it before you ban it? Michelle Rook talks with Joe Vaclavik of Standard Grain.
OMB began scheduling meetings on EPA’s proposed rule on the volume requirements for 2023 and beyond under the Renewable Fuel Standard (RFS).
Cattle producers liquidated their herds with drought hitting cattle country. They also faced poor pasture and winter wheat conditions. So, what does that mean for the fall cattle run and the market outlook?
Grains see early technical selling removing war/risk premium, with lower CO. Testing support areas, despite a 73.5 mb corn to Mexico. Cattle & hogs higher w/lower corn. Michelle Rook w/ Kevin Duling KD Investors.
Vilsack said he was most impressed by how American farmers, ranchers and producers have been supportive.
Grains higher Tuesday on short covering, following crude oil, after news of a Russian missile hitting Poland. Strong NOPA crush, Mexican export biz also supportive. Michelle Rook is with Brian Grete on AgDay TV.
Markets close higher except cattle. Grains & crude oil reverse weakness w/talk of a Russia missile hitting Poland. Cattle mixed, with technical buying supporting hogs. Michelle Rook & Brian Grete, Pro Farmer.
Live cattle bounce off support but where is the market headed? Hogs see more technical buying. Corn holds support at 6.50 and bounces w/soybeans and CO. Michelle Rook w/Brad Kooima, Kooima Kooima Varilek.
Members of the International Brotherhood of Boilermakers (IBB) have rejected the tentative agreement reached between unions and freight railroads.
Grains open lower on more technical selling, lower crude oil improved SA weather, and ideas of Black Sea export deal extension. Live cattle see technical selling. Michelle Rook w/ Kent Beadle Paradigm Futures
Supplies of diesel in the United States are some of the tightest in history, down to a 25-day supply. So, is there a chance of running out?
Monday’s markets saw corn and soybeans lower following crude oil with rising COVID cases in China, poor exports, Argentina rains. Wheat saw a technical bounce. Michelle Rook w/Darren Frye Water Street Solutions.
Corn, soybeans lower w/rising COVID cases in China, lower CO and a strong dollar. Wheat sees a technical bounce. Live cattle lower on technical selling. Michelle Rook w/ Darren Frye Water Street Solutions.
Fundamental and technical analysis of today’s soy complex action.
Federal Reserve Vice Chair Lael Brainard said Monday she was encouraged by last week’s U.S. inflation data and noted the Fed would likely soon reduce the size of its rate hikes.
Grains mixed with lower crude oil, higher dollar, SA weather. Cattle 2-sided watching corn, cutouts and higher slaughter. Hogs rebound w/ higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
China will increase pork imports in the coming months, industry participants said, after losses for farmers last year caused a reduction in hog numbers that appears larger than official data suggests.
Corn and beans down on lower crude oil, higher dollar, SA weather. Cattle mixed w/ lower corn, but lower cutouts & higher slaughter. Hogs rebound w/higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
Corn and beans down on lower crude oil, higher dollar, SA weather. Cattle mixed w/ lower corn, but lower cutouts & higher slaughter. Hogs rebound w/higher cutouts. Michelle Rook w/ Mark Schultz Northstar Commodity.
Grains and cotton higher on easing China COVID policies, higher crude oil, sharply lower dollar, continuing to digest the CPI data. Cattle saw profit taking. Michelle Rook w/ Tommy Grisafi of Advance Trading.
Energy markets higher w/ sharply lower dollar and China easing COVID policy. What’s the outlook for energy prices and could the U.S. run out of diesel supplies? Michelle Rook asks John Wenzel with StoneX Financial.
Grains and hogs see corrective buying with help from sharp drop in dollar...plus China easing its COVID policy. Cattle are seeing profit taking. Michelle Rook w/Pat Von Tersch of Professional Ag Marketing.
A better-than-expected CPI number pulled money into financial markets and out of most commodities, despite the sharply lower dollar. Poor exports added pressure. Michelle Rook w/ DuWayne Bosse, Bolt Marketing.
Technical selling slow exports weigh on grains, despite sharply lower dollar. Cattle up on lower corn & higher DOW. Hogs follow lower cash. Michelle Rook w/ Jeff Hoogendoorn of Professional Ag Marketing.
Grain and livestock futures open mixed with CPI data supporting outside markets & dollar plunging. Exports disappointing and market is still digesting the WASDE. Michelle Rook w/ Steve Freed of ADMIS.