Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains open mostly higher except wheat as soybean meal hits contract highs again. Markets are trading weather and awaiting the Fed announcement. Livestock are leaning higher except nearby live cattle.
Increased demand from Europe amid the war in Ukraine drove a rise in exports to an average of 11.2 billion cubic feet per day, a 12% jump compared to the second half of 2021.
IMF now expects the world economy to grow 3.2% in 2022 before slowing to a 2.9% GDP rate in 2023 — marking a downgrade of 0.4 and 0.7 percentage points, respectively, from its April forecasts.
Soybeans and soybean meal lead the rally in the grains on Tuesday, while livestock futures slide lower.
Grains continue strong at midday pushed by weather, with livestock setting back on higher feed costs.
Ukrainian farmers had been watching the talks to allow resumption of grain exports the last few weeks with great hope, because it’s their only lifeline to be able to plant a new crop this fall.
Grains continue higher putting in weather premium, livestock mixed to lower early on Tuesday.
Brazilian and Chinese officials are re-discussing a protocol aimed at allowing Brazilian corn to be shipped to China sooner than initially intended, according to Brazil’s ag minister.
Grains rebounded Monday putting in war and weather premium. Cattle worked in the USDA numbers from Friday, while hogs saw profit taking.
Cattle turn mixed after the Friday reports, with hogs seeing profit taking. Grains continue to rebound. Michelle Rook talks markets with Scott Varilek of Kooima Kooima Varilek.
Grain return higher after Russia bombs Odesa port, extended weather is also supportive. Livestock setting back. Chuck Shelby with Risk Management Commodities joins Michelle Rook to kick off the week.
Extreme heat spread into the majority of the western Corn Belt to end the week. Some farmers are seeing a worst-case weather scenario for crops now pollinating. So, why did markets drift lower for much of the week?
Containers are piling up around the country and trains are waiting for longer stretches at depots, the Wall Street Journal reports. . .
Corn and wheat had a tough day technically on Friday after the deal to allow Ukraine exports, but soybeans and livestock ended higher.
Grains mixed at midday with soybeans rebounding off six month lows, corn and wheat under pressure after the Ukraine export deal signing. Livestock rally into reports.
Reuters reports the Biden administration is “investigating Chinese telecoms equipment maker Huawei over concerns U.S. cell towers. . .
Grains opened lower except beans, continuing to see pressure as the Ukrainian export deal is signed. Livestock open mixed awaiting USDA Reports.
The International Grains Council (IGC) trimmed its forecast for this year’s global corn output, largely driven by drought stress in the European Union.
Grains sink on news of Ukraine export deal, livestock mostly lower except feeders.
If you haven’t priced any of this year’s expected corn production, you’re not alone. Two market analysts share advice.
Cattle weaker with lower cash, nearby hogs strong, while grains turn mixed.
The Biden administration wants to spur the electrification of the transportation sector beyond traditional cars.
Grains under pressure with weather and crude oil a drag, livestock mixed. Michelle Rook talks with Rich Nelson of Allendale to get details.
Grains end lower with a change in the weather, while livestock rallied led by feeders. Michelle Rook details the market day with Randy Martinson of Martinson Ag.
Row crops continue to see fund liquidation on weather and market uncertainty. Live cattle ended slightly higher despite some lower cash while the milk market is still above $20.
Weather and export news is pushing grain lower at midday, with livestock higher except feeders.
Putin said Gazprom will restart gas supplies to Europe via the Nord Stream 1 pipeline on schedule Thursday — but at a drastically reduced capacity.
Markets open mixed on Wednesday, row crops still see pressure from weather. Livestock supported by lower grains and weather.
Fertilizer prices have cooled from record highs. So is it time to lock in prices?
Nearby livestock futures higher with grain pullback, grains slide on weather.