Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
All eyes are on the corn supply and demand numbers in USDA’s September WASDE report but there will be plenty of other information to focus on.
Grain and livestock futures close higher on Friday. Money flowed into commodities in a risk on session, and as the dollar broke. Michelle Rook covers it all with Chuck Shelby of Risk Management Commodities.
Grain, cotton and livestock markets all higher in a risk on session. Michelle Rook gets details on the moves with Shawn Hackett of Hackett Financial Advisors.
Grains start higher in a risk on day and positioning ahead of the WASDE. Livestock open mixed in cattle and lower in hogs. Michelle Rook gets details with Randy Martinson of Martinson Ag.
In its final assessment of the 2021-22 crop, Conab raised its official Brazilian soybean crop estimate . . .
Grains end mixed on Thursday with profit taking and report positioning. Live cattle worked in steady to lower cash, hogs consolidating. Michelle Rook has full analysis with Arlan Suderman of Stone X Financial.
Grains pull back into the midsession on report squaring and Ukraine export developments. Livestock mixed. Michelle Rook gets an update with Vince Boddicker of Farmers Trading Company.
Markets open mixed but wheat still higher pricing in Ukraine export concerns. Cattle try to bounce after poor close Wednesday. Michelle Rook kicks off the day with DuWayne Bosse of Bolt Marketing.
U.S. Senator John Boozman (R-AR), ranking member of the Senate Committee on Agriculture, Nutrition, and Forestry, is calling on the USDA to focus on day-to-day functions, not the Biden administration’s political goals:
Senior U.N. and Russian officials met in Geneva on Wednesday to discuss Russian complaints that Western sanctions were impeding its grain and fertilizer exports despite a UN-brokered deal. . .
Grain and livestock markets end mixed on Wednesday. Michelle Rook has details with Bryan Doherty of Total Farm Marketing.
Markets have turned mixed with wheat up on news Putin wants to rework the export deal, corn pulling back with soybeans. Livestock are mixed. Michelle Rook talks with Kent Beadle of CHS Hedging.
U.S. farmers confronting supply-chain bottlenecks and a surging dollar are losing their competitive edge in the global market for soybeans to their biggest rival: Brazil.
Mostly higher opening, except cattle. Wheat leads on Putin export comments. Michelle Rook gets details from Allison Thompson of The Money Farm.
If the data review justifies any changes, NASS will publish updated planted and harvested acreage estimates.
Argentina’s daily soy trading volume hit its highest level in five and a half years, the country’s Rosario Grain Exchange said, after the government announced a higher foreign exchange rate during September.
Markets mostly higher on Tuesday, except soybeans as Argentina makes currency play. Michelle Rook talks with Ted Seifried of Zaner Ag Hedge.
Livestock are higher with cattle seeing technical buying. Hogs are seeing a short covering bounce in an oversold market. Grains are mixed. Michelle Rook gets details with Brad Kooima of Kooima Kooima Varilek.
A mixed start in the grains Tuesday with early strength in the livestock. Michelle Rook kicks off the week with Tomm Pfitzenmaier of Summit Commodity Brokerage.
There are high odds the harvest lows for grain prices were made in July, yet the seasonals suggest otherwise.
The Biden administration is expected to announce a rule this year that would detail annual biofuel blending mandates for the refining industry for a three-year period instead of just for one. . .
Grains see corrective buying on Friday with help from outside markets. Cattle close higher for the week, with hogs lower. Michelle Rook has the wrap up with Jim McCormick of AgMarket.Net.
Grains seeing corrective buying and help from outside markets, with good chart action in live cattle but a lower day in hogs following cash. Mark Schultz of Northstar Commodity joins Michelle Rook with analysis.
For 2022/23, the U.S. corn stocks-to-use ratio sits at 9.6%. Traditionally, a ratio under 12% suggests the need for more acres in the next growing season.
Grains recovering, on short covering heading into the holiday and with help from outside markets. Livestock mostly lower except for nearby live cattle. Michelle Rook talks with Scott Varilek of Kooima Kooima Varilek.
Corn-for-ethanol use totaled 445.7 million bu. during July, according to USDA, which was a little lighter than the 448.3 million bu. traders expected.
Technical selling and recessionary fears weighed on most commodities Thursday, except cattle. Michelle Rook talks with Don Roose of U.S. Commodities about the technical damage in the grains.
Grains under pressure as recessionary fears have funds heading for the door. Cattle trying to bounce with pullback in corn. Michelle Rook talks with Ted Seifried of Zaner Ag Hedge.
Grains opened lower on recession fears and lower outside markets. Livestock futures are seeing a little early strength on short covering. Michelle Rook has details with Mike Zuzulo of Global Commodity Analytics.
With California’s power grid under strain due to extreme heat and high demand, the utility grid operator is asking residents to avoid charging their electric vehicles (EVs).