Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Early price pressure with risk off in outside markets after a bearish CPI numbers. Higher cash cattle trade may stabilize that market. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
Farmers fear some potential issues arising for USDA’s Emergency Relief Program (ERP) for the 2022 HRW wheat crop.
China is taking steps to accelerate imports of Brazilian corn, diversifying supply at a time when the war in Ukraine has disrupted trade and tensions with the U.S. are high.
Ahead of the report, analysts expected a drop in corn yield, but not soybean yield — and the market responded quickly, says Bill Biedermann, AgMarket.Net co-founder.
Grains mixed reacting to the WASDE numbers and bullish soybean surprise. Livestock ended mostly higher. Michelle Rook has analysis with Chip Nellinger of Blue Reef Agri-Marketing.
USDA provided a bullish surprise for soybeans in the WASDE. Corn and wheat numbers came in below September, but above expectations. Live Cattle fail. Michelle Rook talks with Brian Splitt of AgMarket.Net.
Grains mixed with soybeans rebounding on China export news, report positioning. Livestock rally with lower corn and technical buying in cattle. Michelle Rook has details with Rich Nelson of Allendale.
Rising prices are impacting every aspect of the food and agriculture supply chain and that may not change dramatically through the balance of 2022 according to the Federal Reserve Banks of Minneapolis and Kansas City.
Grains end mixed with corn and wheat under pressure on profit taking and report positioning. Cattle higher with lower corn and higher cash ideas. Michelle Rook gets analysis from Don Roose of U.S. Commodities.
Cattle markets rebound on lower corn and higher cash trade ideas, while hogs consolidate. Grains are mixed with corn and wheat seeing profit taking. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
On Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimate reports. USDA will not be updating acreages this month, so the focus will be on yield.
Grains lower early with profit taking on a risk off day in outside markets. Hogs consolidate, while cattle rally on the pullback in corn. Michelle Rook talks with Tomm Pfitzenmaier of Summit Commodity Brokerage.
Two stretches of the southern Mississippi River were reopened to commercial traffic over the weekend.
Wheat and corn were higher putting in Black Sea war premium, while soybeans followed. Nearby hogs saw technical buying, with corn pressuring cattle. Michelle Rook talks with Tommy Grisafi of Advance Trading.
Grains higher with corn and wheat putting in war premium, pulling soybeans up. Cattle sell off with higher corn, while hogs see technical buying. Michelle Rook talks to Jeff Hoogendoorn, Professional Ag Marketing.
Wheat gaps higher on the open putting war premium in, pulls corn and beans up. That pressures cattle, while hogs extend rally from last week. Michelle Rook has details with DuWayne Bosse of Bolt Marketing.
On Oct. 12, USDA will release its monthly Crop Production and World Agricultural Supply and Demand Estimate (WASDE) report. Jerry Gulke says this year’s report may be a bigger deal than in years past.
Grains End Higher Friday on Corrective Buying, Livestock Mixed: Outside Markets React to Jobs Report
Grains end higher on corrective buying and with spillover from the higher crude oil market. Livestock saw fund selling on economic concerns. Michelle Rook gets analysis with Randy Martinson of Martinson Ag.
Grains push higher with end of week corrective buying. Hogs are seeing profit taking, with lower cash and live cattle finally respond to higher cash. Michelle Rook talks with Jim McCormick of AgMarket.Net.