Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Since the start of the 2021-22 marketing year on July 1, Ukraine has exported 46.5 MMT of grain, up from 40.9 MMT during the same period last year. . .
The International Grains Council (IGC) cut its global corn production forecast by 13 MMT to 1.184 billion metric tons, reflecting a downward revision to the U.S. crop.
Thursday’s market closes ended mixed in the grains.
For 18 straight months, the rural economy has posted healthy and consistent growth, yet signs of weakness may be surfacing.
USDA’s Cattle on Feed Report Friday afternoon is expected to show the May 1 feedlot inventory up 1.3% from year-ago. . .
Ukraine’s agricultural production may fall 30% to 40% this year due to the war, but 2023 will be “very bad” . . .
IN-DEPTH MARKET ANALYSIS: Wednesday was a risk-off day in the agricultural commodity markets.
Corn futures fell sharply, erasing gains posted early this week, as spillover from a selloff in the wheat market and prospects for a resumption of grain shipments out of Ukraine sparked active profit-taking.
Ukraine is making progress in developing grain exports over land to the EU but will need to regain sea access blocked by Russia’s invasion to avert a worsening crisis for food importing countries. . .
Gov. Kim Reynolds (R-Iowa) signed legislation Tuesday that will subsidize and expand sales of E15 gasoline and other renewable fuels.
Members of the National Oilseed Processors Association (NOPA) crushed 169.8 million bu. of soybeans in April, down 12.0 million bu. (6.6%) from March. . .
Fundamental & technical analysis of Monday’s wheat markets.