Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Corn and wheat down with lower oil and the higher dollar, but soybeans rebound with export biz and higher meal. Cash basis levels strong west and south, weaker east. @michellerookag w/@FarmersKeeper
Grains lower with risk off outside markets and end of month positioning, despite soybean export biz. Live cattle correcting, while hogs are firmer on short covering. Michelle Rook talks to Rich Nelson, Allendale.
In drought areas of the western and southern Corn Belt, cash basis is on fire, which has created strong prices for farmers at harvest due to the short crop. It’s a stark contrast to the east.
Grains ended mixed with a lower dollar and higher energies providing support. Livestock mostly higher with strong cash but traded within recent highs. Michelle Rook talks to Bryan Doherty, Total Farm Marketing.
Grains mixed watching the outside markets, especially the sharply lower dollar. Cattle and hogs mostly higher pushed by strong cash. Michelle Rook gets analysis from Mark Schultz of Northstar Commodity.
Soybeans higher on fund buying and the lower dollar, corn following wheat lower w/rains in HRW areas. Cattle and hogs two-sided amid strong cash. @michellerookag with @TommPfitz
Corn & beans higher with supportive outside markets & lower dollar, wheat weak with HRW rains. Cattle saw profit taking, while hogs were up following cash. Michelle Rook talks with Matt Bennett of AgMarket.Net.
Live cattle hit contract highs, then see profit taking. Hogs correct, while corn and beans are up with the lower $ and bouncing off support. @michellerookag talks to Brad Kooima of Kooima Kooima Varilek.
Grains mixed, technical selling in corn/wheat and rain in HRW areas. Soybeans see a technical bounce. Live cattle consolidating after new contract highs, lower in hogs. @NollFamilyFarm joins @michellerookag
Live cattle hit new contract highs after bullish report, strong cash. Hogs consolidate, grains see technical selling & lack of bullish news. Michelle Rook talks with Pat Von Tersch of Professional Ag Marketing.
Grains open lower with a risk off in outside markets. Live cattle hit more new contract highs off the bullish report, hogs see profit taking. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
Chinese crushers reportedly have 1 MMT to 1.5 MMT of soybean needs for November that are uncovered . . .
Pro Farmer’s soybean outlook broken down into the next 5, 30 and 90 day segments.
Grains End Mixed Taking a Cue from Outside Markets, Lower Dollar While Cattle and Hogs Hit New Highs
Michelle Rook talks to Alan Brugler of Brugler Marketing to end the week.
Grain and livestock markets turn higher following reversal of outside markets and the lower dollar. Michelle Rook talks with Bryan Doherty of Total Farm Marketing about marketing advice in this environment.
Grains under pressure on higher dollar, Ukraine export news, rain chance in wheat areas, harvest pressure. LC see profit taking ahead of COF, hogs mixed. Michelle Rook talks with Randy Martinson of Martinson Ag.
Bloomberg reports diesel demand is surging in the U.S. while supplies remain at the lowest seasonal level ever
The coming EPA regulatory reset of the Renewable Fuel Standard (RFS) should push the corn ethanol target above 15 billion gallons.
Grains up on technical bounce and help from outside markets, strong soybean exports. LC made new highs for the move on higher cash and cutouts. Michelle Rook talks to John Heinberg of Total Farm Marketing.
Live cattle new highs w/ higher cash, feeders and hogs consolidate. Grains up with funding buying, risk on outside markets and soybean export biz. Michelle Rook is with Jeff Hoogendoorn, Professional Ag Marketing.
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.