Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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).
Row crops saw fund selling in a risk off session, while wheat was higher on short covering. Cattle and hogs were mostly lower on fund liquidation and lower cash. Michelle Rook talks with Rich Nelson of Allendale.
Grains turn mixed after lower opening, livestock mostly lower on end of the month position squaring and watching outside markets. Michelle Rook breaks it down with Chip Nelliger of Blue Reef Agri-Marketing.
Markets lower Wednesday except feeders in a risk off session, end of month positioning. Michelle Rook has details with Randy Martinson of Martinson Ag.
A risk off day in outside markets weighs on grains, and in turn supports the rally in livestock. Michelle Rook gets details with Kent Beadle of CHS Hedging.
Livestock higher on corrective bounce and lower grains. Corn and wheat see profit taking with follow through selling in soybeans in a risk off day. Michelle Rook talks with Brad Kooima of Kooima Kooima Varilek.
Big Market Moves Monday, Following Pro Farmers Estimates. Fund Activity and Money Flow Also Factors.
The markets made some big moves on Monday following last week’s Pro Farmer Crop Tour. However, fund activity and money flow were also part of the story.
Grains pull back with profit taking in corn and wheat amid a risk off day, while livestock bounce off technical support with lower feed prices. Michelle Rook has analysis with DuWayne Bosse of Bolt Marketing.
Officials expect Ukraine’s key agricultural exports – grains, oilseeds and oils – to rise to about 4 MMT this month . . .
Markets Mixed: Technical Buying, Smaller Crop Support Corn and Wheat; Rain and Record Crop Hit Beans
Mixed market finish on Monday. Corn pricing in the smaller crop, with wheat seeing technical buying. Soybeans set back with yield boosting rains. Cattle continue to consolidate, with short covering in the hogs.
Mixed mid-session with corn, wheat and hogs higher. Pro Farmer estimates, money flow and weather all at play today. Michelle Rook gets a summary with Jeff Hoogendoorn of Professional Ag Marketing.
Pro Farmer released their state yield estimates on Friday. We compared Pro Farmer’s numbers to USDA’s state yield estimates in the August WASDE to determine the biggest misses in the east and west.
Markets open mixed with corn seeing support after the lower Pro Farmer corn yield and wheat is following. Soybeans down with rain over the weekend. Livestock see follow through technical selling and weaker cash.
In a relatively short time, corn and soybean prices have both gained $1 per bushel. This creates a decision-making opportunity.
On Thursday, corn prices jumped again. Prices are set for an week of back-to-back gains, the longest streak since May 2021.
December corn futures rose to the highest price since late June and soybeans and wheat also rose amid concern over dry weather. Why did corn prices surge? Several bullish factors are at play,
Acres that U.S. farmers were unable to plant have more than tripled from the same period last year as extreme weather wreaks havoc on fields.
With the price premiums for war, trade distortion, demand destruction and weather fully discounted in the July price collapse, it suggests the stars are still aligned for more fireworks.
Severe droughts across the Northern Hemisphere — stretching from the farms of California to waterways in Europe and China — are further snarling supply chains and driving up the prices of food and energy. . .
Corn and wheat rebound on Friday, but it was a lower week for all the grains. Hogs consolidated, while cattle scored higher weekly closes. Michelle Rook talks with Matt Bennett of AgMarket.Net.
Corn posted modest gains late this week but not enough to offset the sharp declines posted early this week, with the market holding a sideways-neutral posture heading into next week.
Markets are mixed at midday. After a tough week, wheat and corn are consolidating with soybeans seeing weakness. Live cattle supported by cash. Michelle Rook talks markets with Joe Vaclavik of Standard Grain.