Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
USDA adjusted corn ending stocks lower in its April WASDE report, based on increased exports and ethanol, but Alan Brugler of Brugler Marketing says now it’s just a matter of if the record commitments can ship.
May corn prices were up 17.25¢ and May soybean prices were up 0.5¢, for the week ending April 9. May wheat prices were up 28¢.
Drought continues to grasp the western half of the country. As some farmers wait on rain to plant, Tommy Grisafi outlines some marketing tools to consider.
The supply-and-demand outlook already suggested profit potential into 2022/23 (not continuously high prices, but profit opportunities).
U.S. soybean futures edged higher on Tuesday as harvest delays in Brazil stoked concerns about short-term supply disruptions.
Cotton futures slumped more than 3% on Thursday as a U.S. government report showed a sharp slide in weekly export sales, putting prices of the natural fiber on course for their third straight weekly decline.
A state-by-state breakdown of the acreage report shows North Dakota farmers plan to increase corn acres by 69% over 2020, but even with the large increase, U.S. Farm Report analysts say there are still acres missing.
Lean hog futures finished slightly higher Tuesday. The strengthening U.S. dollar may be a factor, but there are also other fundamentals playing into the market.
Just a day ahead of two major USDA reports, soybean prices slid. The May contract closed 26 cents lower on Tuesday, with prices settled at $13.66. Corn saw similar action on the CME Tuesday.
The March 31 Prospective Plantings and Grain Stocks reports are known for a surprise or two, as well as causing some price volatility.
Cotton futures edged lower in choppy trading on Monday, pressured by a firmer dollar, while expectations for a reduction to forecasts for planted acreage in a federal report due later this week put a floor under prices.
USDA reports have the chance of throwing out some surprises. So, what may some of those surprises be when UDSA releases its Prospective Plantings report next week? U.S. Farm Report analysts weigh in.
The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday.
A container ship blocking the Suez Canal like a “beached whale” may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.
The United States, the European Union, Britain and Canada imposed sanctions on Chinese officials on Monday for human rights abuses in Xinjiang.
The outlook for agriculture is uncertain, but more optimistic than it was a few months ago, according to the 2021 U.S. Baseline Outlook report compiled by FAPRI.
The Fed on Wednesday repeated its pledge to keep its target interest rate near zero for years to come after projecting a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down.
Since last year, China has been importing record volumes of U.S. corn due to a supply shortage and record domestic prices. But U.S. shipments to the Asian country have been slightly disappointing in recent weeks.
U.S. corn futures edged higher in actively traded nearby contracts on Tuesday on strong export demand after the U.S. Department of Agriculture confirmed the largest sales to China since January.
Since last year, China has been importing record volumes of U.S. corn due to a supply shortage and record domestic prices.
This year could post the largest corn, soybean and wheat acreage since 2014. That’s according to Allendale’s annual, nationwide producer survey.
Growing worries about just how bad ASF may be in China took hold of the soybean meal market this week, as prices trended down to levels the market hasn’t seen since December.
As we’ve discussed many times on AgriTalk, current fundamentals and the balance-sheet trends from USDA demand you maintain pricing flexibility.
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Wednesday, March 10.
The March WASDE report left corn and soybean supply and demand unchanged.
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Tuesday, March 9.
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Friday, March 6.
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Thursday, March 4.
A commodity swap is used to hedge against commodity price swings by locking in a price.
From Pro Farmer’s First Thing Today, these are some of the stories we are watching on Wednesday, March 3.