Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Markets mostly lower except cattle. Grains see follow through technical selling and weather weigh on market. Chart action brings funds into cattle market plus higher cash ideas.
Grains see follow through selling, while livestock start higher then turned mixed with a nice rally in cattle.
Are U.S. crops getting smaller and is that enough of a catalyst to get the funds to come back in to buy commodities? Will the historical cotton abandonment in the WASDE push the market back to contract highs?
A severe drought is magnifying Europe’s economic risks by disrupting crop yields, energy production and trade flows at a time when the continent is already facing soaring food and fuel prices. . .
A mostly lower day on Monday except hogs as poor economic news out of China and weather produced a risk off session. Cattle gave up early gains as funds took profits, hogs supported by the futures discount to the LHI.
Grains continue lower with a risk off session, but have rebounded off the lows. Livestock mostly higher.
Where do the markets go post WASDE? Is the crop going to get smaller going into the September report with much of the heat hitting the crop after August 1? How much will more favorable weather help?
A risk off day has grains under pressure early with improved weather and outside markets reacting to China’s cut in interest rates. Livestock opened mixed with cattle higher on the pullback in corn, but hogs lower.
Corn and soybeans closed higher on Friday after the WASDE numbers, with wheat and livestock futures lower on profit taking before the weekend.
China’s ag ministry cut its estimate for 2021-22 (Oct.-Sept.) soybean imports to 91.0 MMT. . .
Grains mixed ahead of the WASDE Report, livestock start mixed and then slide on profit taking after the higher day Thursday. Randy Martinson of Martinson Ag kicks off the market day with Michelle Rook.
President Joe Biden is “very cautious” about making a move on the Trump-era tariffs on China and is still assessing his options, Commerce Secretary Gina Raimondo said Wednesday.
Grains close higher with ideas of tighter yields heading into the WASDE. Livestock continue to see technical buying and higher cash supportive.
Grains continue higher midday on weather and yield concerns and positioning ahead of the WASDE. Livestock futures are getting help from strong cash with Oct hogs making new contract highs for a second day.
Grain and livestock futures mostly higher on the open Thursday. Outside markets continue to be supportive, weather and WASDE continue to be watched. Cattle and hogs pushed by strong cash.
A risk on day in the outside markets on the CPI data lifted commodities early. Livestock ended strong but grains faded into the close. Was it WASDE positioning?
A risk on day in the outside markets in reaction to the CPI number has most of the grain and livestock futures higher. Higher cash ideas also giving cattle a boost with Oct hogs exceeding the contract highs.
U.S. labor productivity fell for the second straight quarter this spring while labor costs climbed, a bad sign for Federal Reserve officials trying to get inflation back under control.
Higher opening in all but feeders Wednesday. Grains continue to put in risk premium, positive CPI data drives DOW higher and that is supporting livestock.
Soy-based asphalt technology discovered by accident at Iowa State University will be nationally available for commercial use next year.
Grains close higher on Tuesday on lower crop ratings but off highs. Livestock futures were mostly lower on corrective selling.
Grain markets continue strong midday with lower crop ratings, while livestock are seeing profit taking after a strong close Monday. Michelle Rook talks with Jeff Hoogendoorn of Professional Ag Marketing.
Grains sharply higher on the open with the surprising drop in crop ratings and fresh China corn export business. Livestock lower in reaction and see profit taking after contract highs in hogs and feeders yesterday.
Livestock futures open mostly higher with the lower grain trade early. Grains under pressure with early with weekend rains a drag and despite some export sales on corn and beans. WASDE Report next focus.
Livestock are higher with cattle anticipating higher cash, and Oct hogs are near contract highs. Meanwhile grains are mixed ahead of the WASDE.
Grains ended mixed still trying to determine crop size after weekend rains and ahead of crop ratings. Livestock were strong with new contract highs in October lean hogs.
India could scrap a 40% duty on wheat imports and cap the amount of stocks traders can hold to try to dampen record-high domestic prices, government and trade officials told Reuters.
Private analytics firm IHS Markit Agribusiness forecasts the U.S. corn crop smaller than USDA’s July projections.
EPA said in court filings this week it will not meet the court-ordered Oct. 1 deadline for the agency to review its cancer assessment and to conduct an Endangered Species Act (ESA) review of the herbicide glyphosate.
Grains closed mixed on Friday, with livestock higher. Weather and WASDE focus for next week. Michelle Rook wraps up the week with Randy Martinson of Martinson Ag.