Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
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.