Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
The Rosario Grain Exchange announces cut to wheat forecast.
Grains higher on risk on outside markets, fresh export business in soybeans, but cash basis is the real story. Live cattle up on fund buying. Michelle Rook is joined by Darin Newsome of Darin Newsome Analysis.
Record-high inflation translated to some big hikes in the Internal Revenue Service’s dozens of new inflation adjustments affecting individual income tax brackets, deductions and credits for 2023.
Livestock futures close higher on technical buying while grains ended mixed but still trading within ranges. What will it take to break out? Oliver Sloup with Blue Line Futures joins Michelle Rook.
Grains mostly lower on technical selling and demand/export concerns but still rangebound. Livestock up with technical buying and strong fundamentals. Michelle Rook talks with Steve Freed ADM Investor Services.
The Fed can’t pause its campaign of monetary policy tightening once its benchmark interest rate reaches 4.5% to 4.75% if “underlying” inflation is still accelerating, Minneapolis Fed President Neel Kashkari said.
Livestock rally on technical buying and strong fundamentals. Corn and beans see fund selling, harvest pressure and export concerns, wheat bounces. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
USDA announced it has paid nearly $800 million in assistance to distressed borrowers with qualifying USDA farm loans.
Russia will support an extension of the grain export deal despite concerns about its implementation because that would present the best opportunity for increased Russian ag and fertilizer shipments. . .
Michelle Rook gets analysis with Brian Grete of Pro Farmer.
Technical buying supports livestock, cattle break to new highs for move. Grains see technical selling, harvest pressure, Black Sea export deal hopes. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
Grains open lower with harvest pressure and technical selling. Cattle and hogs see fund buying after strong chart action Monday and decent fundamentals. Michelle Rook talks with Garrett Toay of AgTrader Talk.
Anxiety and stress associated with marketing decisions can be managed, but you must take an active approach.
India has sufficient stocks of rice and wheat and the government will sell wheat in the open market if needed to control prices, a senior government official said.
Russia on Monday told a top United Nations representative that the extension of a landmark Black Sea grain deal was dependent on the West easing restrictions on its grain and fertilizer shipments.
Michelle Rook talks with Arlan Suderman, StoneX, about Monday’s markets.
Mostly higher markets, except corn with higher equities and a lower dollar. Black Sea tensions support. Funds buying in the livestock futures. Michelle Rook with Vince Boddicker of Farmers Trading Company.
China has asked its state-owned gas importers to stop reselling liquefied natural gas (LNG) to buyers in Europe and Asia as it seeks to ensure its own supply for the winter season, Bloomberg News reported.
Markets mostly higher with risk on in outside markets, lower dollar and wheat is putting in war premium. Cattle follow DOW & higher cash, while hogs consolidate. DuWayne Bosse Bolt Marketing joins Michelle Rook.
Topics Trivium China is noting ahead of China’s week-long Communist Party Congress that starts Sunday:
Markets move up, down or sideways. For the last month, corn prices have been trading sideways, while soybeans were in a downtrend. Are we on the verge of a new price trend? Jerry Gulke weighs in.
Grains end lower with risk off outside markets and poor weekly exports. Cattle failed to rally on higher cash, while export demand supported hogs. Michelle Rook talks to Mark Schultz of Northstar Commodity.
Grains lower midday on the higher dollar and poor weekly exports. Cattle sell off despite higher cash, while hogs try to hold gains with decent exports. Michelle Rook talks with Randy Martinson of Martinson Ag.
The Consumer Price Index rose .4% last month and in the last 12 months has increased 8.2%. This reinforces ideas the Fed will boost its benchmark funds rate another 75-basis points, but is there a silver lining?
Grains mixed on spread unwinding, with soybeans up on 21.7 mb of fresh export business. Hogs higher on strong exports. Cattle lower despite higher cash. Michelle Rook talks to Allison Thompson of The Money Farm.
Although lawmakers may try to cut SNAP benefits as part of the farm bill due in 2023, “we’re not going backwards,” said Senate Ag Committee chair Debbie Stabenow (D-Mich.).
Consumer prices in the U.S. rose 0.4% on a monthly basis in September, the highest reading in three months, and twice the market expectation of a 0.2% gain.
Brian Splitt, AgMarket.Net, says: USDA cut export demand for corn, ethanol and soybeans. That’s going to be the theme — a lower crop but also demand.
Grains end mostly higher after a reversal in outside markets & Russia’s threat to exit the export deal. Livestock mostly lower, despite firm cash. Michelle Rook talks to Mike Zuzulo of Global Commodity Analytics.
Grains reverse with outside markets amid bearish CPI, talk of Russia exiting export deal. Livestock lower despite higher cash cattle trade. Michelle Rook talks with John Payne of Hedge Point Global Markets.