Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains pull back Tuesday with change in weather, livestock open mixed.
Risk on day has most of the grain and livestock futures higher on the close.
Grains gap higher to start the week pushed by weather, livestock futures opened higher except feeder cattle.
A risk on day has markets higher except feeders, weather is also a driver.
With worldwide recession fears climbing, there is further evidence that China’s economy is slowing down. ThenNational Bureau of Statistics reported second quarter GDP was only up .4% from a year ago.
Grains ended mixed on Friday, with livestock mostly lower.
A high-pressure ridge is expected to expand while drifting temporarily into the heart of the Plains & portions of the Corn Belt this weekend & early next week resulting in what may be the hottest temps of the summer...
Wednesday’s CPI or Consumer Price Index for June rose 1.3% and above expectations at 9.1%. This is continuing to impact the outside and agricultural commodity markets and may trigger the Fed’s next move.
Midday markets turn mostly lower at noon hit by money flow. Cattle seeing pressure from disappointing cash.
Grain and livestock futures opened mixed to end the week. China GDP and outside markets, as well as weather are being watched.
Brazilian corn may only be shipped to China next year because of demands made by Beijing regarding trade protocols being put in place. . .
Sens. John Thune (R-SD) & Amy Klobuchar (D-MN), members of the Senate Ag Committee, led several of their colleagues in requesting that USDA Sec. Vilsack address implementation issues with the Emergency Relief Program...
Livestock were pulled down by the outside markets and poor weekly exports, plus profit taking. Grains ended mixed with export news and weather the focus.
Midday markets are mixed in the grains and hogs, lower in cattle.
Grain and livestock markets opened mixed on Thursday following weekly exports, watching macro markets. Michelle Rook has analysis with Randy Martinson, Martinson Ag.
The ruling delivers a blow to Democrats and environmental groups, who want the agency to crack down on emissions from power plants and other sources to mitigate climate change.
Soybean acres are estimated at 88.3 million, up 1% from last year. This is down from March’s estimate of 90.955 million and below the pre-report trade average of 90.446 million.
Wednesday’s markets held together despite a bearish CPI number, with the exception of cotton and wheat.
Food prices jumped 10.4% from year-ago in June – the biggest annual gain since February 1981.
Markets rebound at midday with grains seeing a corrective bounce after a bearish CPI number, livestock remain strong.
French soft wheat exports outside the European Union are expected to reach a three-year high of 10.3 MMT in 2022-23. . .
Ag markets opened mixed on Wednesday following the release of the bearish CPI number.
Brazil may start exporting corn to China before the end of this year, Cesario Ramalho, the head of institutional affairs at corn farmer group Abramilho, said on Tuesday.
Grains were down hard Tuesday amid the macroeconomic meltdown and USDA Report, while livestock rallied.
Grains continue to see pressure after the WASDE report, while livestock are higher.
The weather market is coming a bit later than normal in the row crops this season.
Grains under pressure from a change in weather forecasts, macroeconomic concerns, and report positioning, with livestock mixed.
Row crops and cattle traded weather on Monday, while wheat and hogs were hit by the higher dollar.
Hedge funds bailed from commodities the last few weeks on recessionary concerns. So did that put the high in for the year in grains?
Row crop markets continue to rally on weather forecasts. However, wheat has set back with the sharply higher dollar and livestock have turned mixed.