Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Grain and livestock prices are mixed with many markets consolidating with the strong dollar and awaiting the Fed and Black Sea news. Michelle Rook is joined by Oliver Sloup of Blue Line Futures.
Markets start mixed on Wednesday awaiting Russia Ukraine developments and the Fed announcement. As harvest starts what is happening to cash basis levels? Michelle Rook talks to Nick Tsiolis of Farmer’s Keeper.
While the initial production outlook is strong, Cordonnier says with La Niña still present, it could impact South American crops for a third year in a row.
Livestock futures mixed on Tuesday. Live cattle hit new highs except October then faded. Grain prices were higher with wheat leading the rally. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
Port of Long Beach Executive Director Mario Cordero told Bloomberg News he expects the pandemic-era surge in U.S. consumer demand that snarled supply chains will start to cool. . .
Grain prices rally. Wheat leads on corrective buying, pulls row crops, despite negative outside markets. Deferred live cattle hit contract highs. Michelle Rook talks with Vince Boddicker of Farmers Trading Company.
U.S. tariffs levied against Chinese products in 2018 were not “punitive” tariffs, according to U.S. Trade Representative (USTR) Katherine Tai and are not “punishing” China.
Grain and livestock prices are higher early, except soybeans. Grains see corrective action while funds buy in livestock with higher cash supportive. Michelle Rook talks with Allison Thompson of The Money Farm.
Canadian Prime Minister Justin Trudeau’s push to accelerate the fight against climate change is sparking a showdown with the nation’s farmers, who say it’s threatening food supplies and their profits.
Grain prices ended mixed with row crops shaking off the early risk off in the outside markets. Livestock leaning higher with cash supportive. Michelle Rook talks with Pat Von Tersch of Professional Ag Marketing.
Soybean prices rebound on China export biz. Wheat lower on higher dollar and technicals, pulling down corn. Cattle prices mostly higher on higher cash ideas. Michelle Rook talks with Ted Seifried of Zaner Ag Hedge.
Grains open under pressure with a sharp selloff in wheat a drag, plus the outside markets. Cattle futures see early bounce with higher cash ideas. Michelle Rook gets details with Randy Martinson of Martinson Ag.
Pro Farmer shares their latest outlook for soybeans.
Grain and livestock futures ended mixed on Friday. Money flow and technical trading dominate action heading into the FOMC meeting next week. Michelle Rook talks about that with Alan Brugler of Brugler Marketing.
Grain and livestock futures turned mixed at midsession, trying to recover after a lower risk off opening. Michelle Rook gets an update with John Heinberg of Total Farm Marketing.
Grain and livestock opened lower as economic concerns drive risk off outside market mood, causing technical and fund selling in commodities. Michelle Rook talks with Mike Zuzulo of Global Commodity Analytics.
Markets close mixed on Tuesday. The risk off session and outside market reaction to the CPI triggered corrective action in both grains and livestock. Michelle Rook gets details with Brian Grete of Pro Farmer.
Grains and livestock futures mixed early. Outside markets are stabilizing, providing some support. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
Grain and livestock futures continue mixed, with outside markets stabilizing after the PPI data. John Payne of Hedge Point Global Markets joins Michelle Rook with analysis.
Mixed markets on Wednesday. Corrective action, China sanction talk and a looming rail strike helped drive action. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
Grain and livestock futures are trading mixed at midday. Fundamentals aren’t necessarily driving the markets but outside market influences and money flow. Michelle Rook talks Tommy Grisafi of Advance Trading.
Grains ended mixed on Thursday influences by technicals, outside markets and money flow. Livestock were mostly higher with stronger cash. Michelle talks with Chip Nellinger of Blue Reef Agri-Marketing.
Around 82 ships remain stuck around Ukrainian ports despite the opening of a United Nations-backed sea corridor to ship grains, according to shipping industry officials.
Pakistan’s wheat production could be a lot lower than most, including USDA, are projecting, according to several sources.
A mixed start to grain and livestock futures. Technicals, a tentative rail agreement, weekly export data, and China sanction talk drive action. Michelle Rook talks with Steve Freed of ADM Investor Services.