Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
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.