Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
A halt to rail shipments of ethanol due to a railroad strike would threaten to reverse the recent slide in U.S. gasoline pump prices from a record high.
The latest Consumer Price Index shows while inflation has slowed...prices are still rising for many key items. The monthly CPI rose 8.3% from a year earlier.
EPA is coordinating with USDA and the Department of Energy (DOE) on biofuel blending requirements past 2022, EPA Administrator Michael Regan said on Tuesday.
Grain and livestock futures open mixed seeing profit taking and positioning ahead of the USDA’s supply and demand numbers. Michelle Rook talks with Mike Minor of Professional Ag Marketing.
A mixed start in the grain and livestock futures, with outside markets turning negative after disappointing CPI data. Michelle Rook gets the latest with Mark Schultz of Northstar Commodity.