Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Corn and livestock futures rebound at noon, November soybeans disappointed with China export business, while wheat under pressure with strong dollar.
Russia may not reach its expected harvest of 130 MMT of grain due to weather factors and a lack of spare parts for foreign equipment, the country’s ag ministry said on Friday.
Grains fail to see follow through buying Friday morning despite confirmation of soybean export business. Livestock opened mixed in cattle and lower in hogs.
This structure (or forward curve) in corn and soybean futures should have you focused on this fall’s “Priority 1 bushels.”
A nice rally in grains Thursday, led by soybeans and meal and talk of China export business. Cattle set back on profit taking, hogs rebound with discount in deferred contracts to the index.
Corn and soybean markets have continued to be volatile with weather and crop size still uncertain. Darren Frye of Water Street Solutions about a marketing strategies going into harvest.
Grains continue strong at midday with soybeans and meal leading with talk of China export business. Hogs are mixed with the LHI topping and cattle seeing profit taking after a chart breakout and higher cash yesterday.
Grains continue recovery Thursday morning, despite slow exports. Livestock leaning lower. Michelle Rook gets insight from Kent Beadle of AgSurion Risk Consulting.
The London insurance sector is preparing to cover Ukrainian grains & fertilizer shipments through a secure corridor, voyages that may need up to $50 million of insurance coverage per cargo. . .
The Biden administration filed a brief with the U.S. Court of International Trade defending the duties imposed by the Trump administration on some $320 billion in Chinese goods.
America’s farmers have an opportunity to be “a real hero in our ability to address climate change” through improvements in productivity and climate-smart practices. . .
It was a risk off day on Monday which produced mostly lower closes, except cattle. Less threatening weather, grain exports out of Ukraine and sharply lower crude oil were all factors.
Livestock are mixed at midday, cattle helped by lower grains trade. Grains pressured in a risk off session, with more favorable weather and grain moving out of Ukraine.
The Fed’s action to raise interest rates and negative second quarter GDP have many experts saying the U.S. is in recession. So what are some of the trends we’re seeing and what’s likely down the road?
A risk off day produces a lower market opening except for cattle. What is driving it? Michelle Rook has details with Chuck Shelby of Risk Management Commodities.
The Commerce Department put out its second quarter GDP data this week, showing the U.S. economy shrank from April through June.
November futures soared $1.52 3/4 for the week, or 11.7%, the largest weekly percentage gain since August 1999.
The weather wasn’t the only catalyst that sparked a soybean rally this week. Naomi Blohm and Matt Bennett discuss why the markets were extremely sensitive to the hot and dry August forecasts and potential market risks.
Markets were higher Friday, except wheat. November soybeans were up $1.53 for week, with December corn up $.56, and Aug LH closed above $120.
Grains continue to be pushed by weather, except wheat. Livestock mostly higher. Michelle Rook talks with Mike Zuzulo of Global Commodity Analytics.
Grains open sharply higher, how long does weather rally last? Livestock start mixed to lower. Michelle Rook talks with Randy Martinson of Martinson Ag.
Markets brush off GDP. Grains continuing to rally on weather, as soybeans lead. Livestock react and head lower.
Markets open higher except feeders on Thursday, after negative GDP numbers. Michelle Rook talks with Luke Swenson of The Money Farm.
The Fed raised interest rates .75 basis points for the second consecutive month. The market was largely anticipating this move and now turns its attention to how long this aggressive pace is going to last.
Livestock are mixed, while grains continue to push higher on weather and fund buying. How high will we go?
Seth Meyer, chief economist at USDA, told Reuters developing countries in North Africa and elsewhere could be the first to see some relief in prices at grocery stores. . .