Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
USDA Secretary Brooke Rollins is set to continue her aggressive international trade agenda.
Scott Varilek, Kooima Kooima Varilek, says after two ugly down days in cattle futures the markets are trying to recover and so is the soybean market.
EPA submitted two major biofuel-related actions to the White House Office of Management and Budget (OMB) for review.
Jeff Hoogendoorn, Professional Ag Marketing, says the sell off in bean oil was tied to unconfirmed rumors the draft proposal on the Renewable Volume Obligations (RVO) for bio-mass based diesel were sent to the Office of Management and Budget (OMB) with lower than expected volumes.
Soybeans are down with soybean oil which touched limit down overnight on unconfirmed rumors EPA would setting RVO levels for biomass based diesel below anticipated levels.
The newly released stocks-to-use ratios for corn and soybeans show we can expect the markets to be responsive to any threat to yields this summer.
EPA plans to rescind much of the Biden administration’s first nationwide drinking water standard aimed at protecting people from “forever chemicals” known as PFAS.
Ted Seifried, Zaner Ag Hedge, says soybeans have been seeing continued strength off the bullish WASDE numbers allowing it to clear some technical objectives. But the market needs other fundamental factors to come together to clear $11.
Vince Boddicker, Farmers Trading Company, thinks more constructive developments on trade with China are part of the equation but so is the push from soybean oil.
John Heinberg, Total Farm Marketing, says soybeans saw profit taking pressure early Tuesday but clawed back to close slightly higher with the help of the soybean oil market. However, corn continues to fail.
U.S. farm income is poised for a sharp decline in 2026 as ad hoc federal support fades and underlying economic pressures reemerge.
Tomm Pfitzenmaier, Summit Commodity Brokerage, says soybeans are seeing some profit taking after the rally Monday and after running into chart resistance in the July contract around $10.75 Monday night.
House Republicans are advancing a sweeping tax and spending bill that could significantly scale back or reshape some of the clean energy tax credits established under the Inflation Reduction Act (IRA).
Chip Nellinger, co-owner of Blue Reef Agri-Marketing, says soybeans soared on the combination of positive China trade news and the bullish May WASDE.
At least on the surface, USDA’s estimates for both old and new crop corn and soybean ending stocks were below average trade guesses. However, Jim McCormick, AgMarket.Net, says there is some skepticism due to tariff considerations.
Unpack two key factors likely resulting in record cattle prices and impacts to the industry.
The markets have several big headlines they’re digesting including news over the weekend that China and the U.S. are de-escalating the tariff war.
Mike Zuzulo, Global Commodity Analytics, says the strength in soybeans was tied to optimism about tariffs on China being lowered by the U.S., while wheat saw some short covering.
White House trade adviser Peter Navarro has emphasized the European Union is a top focus for the Trump administration’s ongoing tariff negotiations.
Scott Varilek, Kooima Kooima Varilek, says cattle continue to hit all-time highs in cash and futures. While corn is seeing some short covering after new lows for the move on Thursday.
May futures are in the process of printing a monthly key reversal. Ironically, this is just what it did five years ago in August 2020. Coincidence you might think?
Randy Martinson, Martinson Ag, says corn made new lows for the move in tandem with wheat and faded strong export sales and the U.K. trade deal.
Darin Newsom, Senior Market Analyst for Barchart, corn and wheat are anchoring each other lower with the market shifting its focus to larger supplies ahead and comfortable available stocks.
Dave Chatterton, Strategic Farm Marketing, says the markets faded the news as the realization set in that no major breakthroughs in the trade talks are expected and a long term trade deal with China could take quite some time.
Kent Beadle, Paradigm Futures, says corn and soybeans rallied overnight and early Wednesday on the news China and U.S. are beginning trade talks this weekend.
If Title I reference prices in the farm bill are increased significantly, it would be logical to also consider raising the current payment caps for farm program payments.
Rich Nelson with Allendale, Inc. says grain markets saw pressure from combination of factors including weather and fast planting pace.
Brad Kooima, Kooima Kooima Varilek, says cash cattle trade was record high again last week with $223 live paid in much of the North and even a few $224 trades to a regional. Grains are mostly lower.
Jerry Gulke, president of the Gulke Group, says there are several factors that indicate to him the chance to rally old crop corn to $5 is over.
Oliver Sloup, Blue Line Futures, says there was risk on buying across the commodity and financial markets due to more positive trade news and economic headlines.