Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
U.S. agricultural import and export projections for fiscal year 2025.
Darren Frye, Water Street Solutions, says corn, wheat and hogs reacted negatively to the 25% tariffs being imposed on Canada and Mexico on March 4.
USDA’s first acreage estimate shows farmers could plant more corn acres this year, but fewer soybean and cotton acres.
Allison Thompson with The Money Farm, says corn and wheat are reacting negatively to the breaking news that 25% tariffs will not be delayed and will go into effect on March 4 on Canada and Mexico and larger acreage estimates from USDA.
Argentina’s main oilseed union SOEA has threatened a national strike.
Mark Schultz, Northstar Commodity, says grains saw pressure on the continued on again off again new regarding tariffs.
Craig Turner with StoneX says corn tries to hold early gains after bouncing off chart support Tuesday but may struggle with soybeans and wheat falling on tariff fears and liquidation ahead of first notice day.
Vince Boddicker with Farmers Trading Company says grains saw pressure early Tuesday on tariff fears and fund positioning end of month but ended well off of lows.
Darin Newsom, Senior Market Analyst with Barchart, says grains are seeing follow through technical selling pressure with tariff fears ramping up.
For now, wind energy developers are left in a state of paralysis.
Naomi Blohm, Total Farm Marketing says a combination of factors pressured grain markets, including end of month positioning, weather and tariff concerns.
Brad Kooima, Kooima Kooima Varilek, says grains are weak on more tariff talk. Cattle opened strong with the slightly friendly numbers in the Cattle on Feed Reported Report and a possible cash bottom forming.
Jerry Gulke, president of the Gulke Group, thinks the corn market may just be taking a pause to refresh and he hasn’t changed his bullish stance. “I’m willing to have some patience,” he says.
More Canadian businesses consider shifting their operations in response to President Trump’s tariff threats.
Scott Varilek, Kooima Kooima Varilek, says corn and soybeans fell heading into the weekend on profit taking and technical selling, plus lower crude oil and a higher dollar.
Mark Schultz, Northstar Commodity, says corn and soybeans are lower on profit taking after a higher day yesterday.
A coalition of oil and biofuel industry groups is urging the Environmental Protection Agency (EPA) to increase biofuel blending requirements for 2026 and beyond.
Chip Nellinger, Blue Reef Agri-Marketing, says soybeans and products led the rally and recovery on talk of a China deal by President Trump and a lower dollar. That spilled over to support corn.
Randy Martinson, Martinson Ag says corn and soybeans are trying recover after the lower closes Wednesday tied to talk by President Trump that the U.S. will reach a trade deal with China.
Agroconsult updated its forecast after inspecting about half of the fields in a nationwide crop tour.
Matt Bennett, AgMarket.Net, says corn made new highs for the move with the March contract reaching a high of $5.04 1/2 before reversing and ending lower on the day. The key is was it topping action?
IMO is working toward net-zero emissions by mid-century.
Kevin Duling, KD Investors, says grains closed higher on fund buying and March corn closed above $5 with March Chicago wheat closing above $6.
Kent Beadle, Paradigm Futures, says grains faded early strength as corn finally gets above $5 on the March or front month contract and sees farmer selling and profit taking.
Is it possible the wheat market is finally seeing the same paradigm shift that’s already taken place in the corn market? Jerry Gulke is watching several signals for an answer, including speculator activity in the wheat market.
Garrett Toay, AgTraderTalk, says grains saw technical buying led by wheat and surged to end the week. However, there were also some big fundamental drivers.
Scott Varilek, Kooima Kooima Varilek, says grains are rallying but cattle are seeing some selling pressure again ahead of a three day weekend but are holding chart support.
Brazil’s BRICS presidency this year will not push for a shared currency.
Rich Nelson of Allendale says grains closed quietly higher with corn and wheat supported by strong weekly exports.