Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
North Korea | NAFTA 2.0 | KORUS | U.S.-China relations | Dicamba | Inflation and Fed viewpoints | Hurricane Maria | Markets
Tax reform | Moore wins | RFS biodiesel | Cotton ginning | Conservation compliance | U.K., Canada upset re: Bombardier | Fla. orange juice industry | Global competitiveness | Food Security | NAFTA 2.0 | Markets
Tax cuts | North Korea | NAFTA 2.0 | HHS Sec. Price | Shipping waiver | Tyson Foods | Russia & election meddling | U.S., Mexico water deal | EPA mulls policy shift | U.S.-U.K. trade tiff | Markets
Final ruling not expected until 2019 or 2020
Jerry Gulke provides his take on the market reactions to the G-20 meeting with China.
With the recent volatility and rhetoric affecting the markets, Jerry Gulke, president of the Gulke Group, picks up his column right where he left off.
An oil price of $120 a ton could send the global economy into a major recession and fan inflation in the U.S., which Jim Wiesemeyer says is already in double digits for rural Americans.
Much of the U.S. will see above-normal temperatures next week, but you wouldn’t know it by looking at commodity prices. Fund liquidation seems to be a growing trend, with commodity markets under pressure in July.
Ethanol plants throughout the country are shutting its doors or limiting hours. It’s partly due to the coronavirus (COVID-19). Yet, there are other factors at play which include less demand for ethanol and gasoline.
Fracking technology tips the favor back to domestic natural gas and fertilizer production
Despite a soybean carryover number lower than market expectations in today’s World Agricultural Supply and Demand Estimate (WASDE) from USDA, market reaction was muted with beans only up a quarter cent on the day.
As corn and soybean prices continue to trade in a narrow range, it’s easy to ignore the markets—don’t!
USDA’s end-of-March Prospective Plantings report always brings a few surprises. This year will likely be the same.
It’s been almost a week since the USDA released its January crop production and World Agricultural Supply and Demand Estimates (WASDE) reports, showing a big corn crop became bigger and record-setting at 176.6 bushels per acre.
With markets in a pivotal paradigm, farmers and traders alike are waiting in anticipation for USDA’s Quarterly Grain Stocks report to see if it can provide any bullish news.
In their Friday report, USDA noted that as of September 1 corn stocks were up 130 million bushels more than the average trade guess.
Trade uncertainty, large yields and excessive stocks create extra risk as farmers market their 2018 and 2019 crops.
As the week begins, Brian Splitt, a broker with Allendale Inc., and Tommy Grisafi, branch broker of Advance Trading, are talking to AgDay host Clinton Griffiths to discuss what they’re watching in commodity markets.
USDA reports stocks of corn, soybeans and wheat have fallen.
USDA estimated that U.S. growers will plant 97 million acres of corn this spring, an 8% increase over 2019, but analysts say recent sharp declines in ethanol production make it doubtful that number will hold true.
Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said.
January soybeans were up 6 cents at $11.75-3/4 a bushel after peaking earlier at $11.89-3/4, the highest for a most-active contract since June 13, 2016.
Corn Planted Acreage Up Less than 1 Percent from 2020 Soybean Acreage Up 5 Percent All Wheat Acreage Up 5 Percent All Cotton Acreage Down Less than 1 Percent
Corn Stocks Down 3 Percent from March 2020 Soybean Stocks Down 31 Percent All Wheat Stocks Down 7 Percent
January’s Crop Production and Stocks reports from USDA raised a number of questions about big shifts in production projections. NASS Crops Chief Lance Honig addressed those questions on AgriTalk.
WASDE for February raised exports and lowered ending stocks for both corn and soybeans.
But for FY 2017, the ag trade surplus is up notably from year-ago.
While China grapples with choosing which production lines to reopen, the food shortage conversation looks to ramp up.
Ethanol production fell 62,000 barrels per day (bpd) for the week ended Sept. 16 . . .
Profit taking hit grain and livestock prices Wednesday ahead of the Fed announcement. The exception was wheat trying to retain war premium. Michelle Rook get s details from Tommy Grisafi of Advance Trading.