Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Global exporters like the U.S. and Brazil may need to adjust expectations.
Mike Minor, Professional Ag Marketing, says the rally in corn was fueled by fund buying especially after inflation data in the CPI ran hot. Pressure in soybeans came from South American hedge pressure.
DuWayne Bosse, Bolt Marketing, says after a lower opening Wednesday corn recovered nicely on fund buying and a fresh export sale.
A majority of Argentines support President Javier Milei’s plan to pursue a free trade agreement with the U.S.
Brian Grete with Pro Farmers says grains sold off into the close Tuesday disappointed about the lack of changes in the domestic balance sheets in the WASDE.
USDA left domestic balance sheets for corn and soybeans unchanged in the February WASDE but did make slight revisions in South American production.
Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn held its own on Monday and closed higher, squaring ahead of the February WASDE.
