Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
U.S. corn and soybean futures retreated on Thursday after the Department of Agriculture (USDA) projected that U.S. farmers would devote more acres to the two crops this spring than any year on record.
After consecutive years of stagnant commodity prices for some crops, the market has flipped. From lack of volatility to extreme price moves today, some think the volatility may be here to stay.
CME Group on Wednesday reported quarterly earnings that beat Wall Street expectations, but revenue declined as the COVID-19 pandemic and its economic fallout hurt demand for some of its top products.
“The trade really wanted to see USDA get more aggressive on increasing corn export demand, especially after all the sales we had seen to China about two weeks ago,”
A far cry from this time last year, farmers are actually asking the question ‘what should I add?’ versus ‘what do I need to cut?’ With skyrocketing commodity prices, farmers have the opportunity to experiment.
An exclusive interview with the NASS Chief of Crops about Farm Bureau’s recommendations to improve transparency and accuracy of NASS reporting.
Pirates are stealing billions during the exchange of U.S. agriculture goods, and pumping the wares right back onto American department store shelves. But CSI is ready to take on agriculture crime.
Chip Flory has a tight grip on agriculture’s tape measure. When an army of 150 scouts from 12 countries marches across U.S. farmland with ropes and smartphones, Flory knows there is a meticulous method to the madness.
U.S. soy processors, fresh off their busiest year on record, have booked soybean purchases well beyond their normal few weeks of supply due to soaring export demand, rising prices and fears of soy shortages.
After corn and soybean prices soared last week once the USDA’s WASDE report was released, grains and oilseeds seem to have taken a different path this week. So, is the grain rally over? Bob Utterback weighs in.
All the major variables were hit in 2020.
AFBF wants USDA’s National Agricultural Statistics Service (NASS) to improve transparency and better embrace emerging technology in making crop estimates, determining ag census numbers and other ag reporting.
There is no “bailout” in commodity markets — just risk. It makes me crazy when someone says, “The bulls were bailed out by Chinese buying.” Or, “The bears got bailed out by those rains.”
We will have to see if President Joe Biden wants to expand Chinese demand. Additionally, we must watch the COVID-19 situation.
Have your adviser compute reasonable 12-month price targets given the latest fundamental and technical information.
The marketing tools to use have little to do with the year or commodity. What emotionally best fits you?
If a good profit margin can be locked in and you can gain revenue as prices move higher, go for it. Looking ahead, I’m watching:
Energy needs and global energy policies will be front and center this year.
Try locking in a floor for projected 2021 production but also maintain marketing flexibility.
USDA’S final crop production report of the year made some historic adjustments, including tighter soybean stocks. As a result, soybeans shot 60 cents higher in a matter of minutes, and corn traded up the limit.
As the ethanol industry tries to recover from the impacts COVID-19, climbing corn prices aren’t helping margins for ethanol producers. With ethanol stocks piling up, ethanol producers are facing tough decisions.
Markets soared this week after just a half-bushel drop in national soybean yield. Why is that? What does the future hold for the legume?
Grain markets are driven by lower supplies and higher demand.
Analysts say the trade expected a bullish USDA report. With minimal changes, traders sold the market and commodity prices dropped.
A challenging growing season in the U.S. and a turnaround in Chinese demand facilitated a black swan event to change the soybean outlook.
The story in U.S. commodity prices is changing quickly as massive money flow is pouring into the commodity markets. So, what could reverse the trend? U.S. Farm Report analysts weigh in.
Mike North of ever.ag thinks the market is already pricing in minor reductions in the upcoming USDA report. So, what will it take to give the market more fuel moving forward?
2020 was a dynamic year in the markets. From the pandemic causing prices to plummet in the spring to a dramatic recovery during the fall, analysts say key lessons were learned along the way.
Watch analysis of Tuesday’s USDA reports with AgriTalk’s Chip Flory, USDA Chief Economist Seth Meyer and others.