Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Grains continue to rally putting in weather premium and ahead of USDA Reports.
Markets open higher Monday except cattle. Michelle Rook has analysis with Tomm Pfitzenmaier of Summit Commodity Brokerage.
December corn futures surged 27 1/4 cents to $6.23 1/2, up 16 cents for the week and the contract’s highest closing price since June 29.
Oil refining companies and their labor union representatives pressed the Environmental Protection Agency at a virtual meeting last week to lower costs of the nation’s biofuel blending program. . .
Grains were higher on Friday, hogs mixed, while cattle saw losses.
The U.S. exported $17.1 billion of ag goods against imports of $17.8 billion for a deficit of $656 million in May.
Grain futures continue to rally putting in weather premium, with livestock pricing in higher grains and consolidating.
The recovery continues in the grains, with a little help from weather. Is it sustainable?
Grains continue to extend recovery gains Friday morning, cattle are higher, but hogs are seeing some profit taking.
U.S. ethanol production during the week ended July 1 averaged 1.044 million barrels per day (bpd), down 7,000 bpd . . .
The U.S. Chamber of Commerce is calling on President Joe Biden to help resolve a dispute between the country’s Class 1 railroads and 12 rail unions to avert a possible rail strike beginning July 18.
Grains all ended higher on Thursday continuing to consolidate Hogs also saw gains, with a mixed close in cattle.