Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
A higher day in the commodity sector, with the exception of wheat.
The crop situation in Canada ranges from dryness/drought in areas of the Western Prairies to excessive wetness/flooding in eastern growing regions.
. . . the highest weekly production tally since the week ended Dec. 10 and 3.6% above the corresponding week last year.
USDA’s first official look at the 2022/23 marketing year is the foundation from which supply and usage estimates will be fine-tuned in the next 16 months.
The Ukrainian grain traders’ union UGA forecasts the country’s production at 19.2 MMT for wheat (down from a record . . .
USDA says corn-for-ethanol consumption totaled 414.7 million bu. in April, below expectations for use of 427.4 million bushels.
Wheat and corn continued to slide on Wednesday with a rebound in soybeans and livestock.
A senior United Nations (UN) official had “constructive discussions” in Moscow with Russia’s first deputy Prime Minister Andrei Belousov on facilitating Russian grain and fertilizer exports to global markets.
It was an ugly day in the ag markets on Tuesday with grain and livestock futures. Michelle Rook talked with John Heinberg of Total Farm Marketing about the sell off.
It’s crunch time for farmers in the northwestern corn belt that are facing prevent plant decisions...due to excessive rains that have delayed planting.
China’s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies to revive its pandemic-ravaged economy.
What are the most popular crops and livestock produced across the globe? Let’s take a journey around the world of agriculture.
Using history as a guide, be ready for very different prices than we see today, as prices typically shift from May to October.
Grains ended mostly higher on Friday positioning ahead of the holiday.
A broad mix of U.S. food and ag groups sent a letter to U.S. Trade Representative Katherine Tai calling for a halt to trade tariffs to ease inflation.
Soybeans and hogs soar on Thursday in an otherwise mixed market day. Michelle Rook has details with Darren Frye of Water Street Solutions.
USDA now forecasts U.S. ag exports will reach a record $191.0 billion in fiscal year (FY) 2022, up $7.5 billion from the February forecast. . .
China has temporarily suspended beef imports from four Brazilian slaughterhouses, two operated by JBS SA and two by Marfrig.
India has no immediate plans to lift a ban on wheat exports but will continue with deals which are done directly with other governments, Commerce Minister Piyush Goyal told Reuters.
Grains slid again on Wednesday, but ended off lows. Livestock faded early gains.
China’s customs authority has signed an agreement with Brazil to allow imports of Brazilian corn, the ministry of commerce said on Tuesday. . .
A new report by Eurasia Group and the food security consultancy Gro Intelligence says the most likely outcome of the war in Ukraine isn’t a massive escalation by Russia or a sudden outburst of doves crying for peace...
Tuesday’s markets were leaning lower except for cattle and old crop soybeans. Matt Bennett of AgMarket.Net joins Michelle Rook with analysis.
Planting delays are an increasing concern in the northwestern Corn Belt with the final crop insurance planting date for corn on May 25 for all but. . .
In “First Thing Today” we noted the Biden administration announced the Indo/Pacific Economic Framework (IPEF) to counter China’s influence in the region. IPEF, consists of four pillars that seek to:
Monday’s markets were mostly higher except for soybeans. Grains saw a technical correction, while cattle faded the bearish Cattle on Feed Report and hogs continue their technical and seasonal run higher.
USDA’s latest milk production report was friendly and could support milk prices in the near term.
Nearby soybean futures extended a nearly two-week rally to four-week highs behind bullish demand fundamentals, including stronger-than- expected exports, while resurgent soymeal also supported the soy complex.
Worries about surging inflation and rising interest rates have pummeled the U.S. stock market this year.