Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Price action summary for the week and a look ahead at the next 5, 30 and 90 day segments for the soybean market.
Hogs Recovering from Recent Contract Lows
As a result, global grain stocks in the new-crop marketing year are expected to decline to a 10-year low.
New research from UBS Group AG indicates that imposing a 60% tariff on all Chinese exports to the U.S. would significantly impact China’s economy, potentially more than halving its annual growth rate.
We can infer some alignment between Vance and Trump’s policies on biofuels based on the following points:
Is This Just Corrective Buying?
USDA raised its beef production forecast for 2024, with higher expected steer and heifer slaughter more than offsetting reduced cow kills.
New Contract Lows in Soybeans and Wheat
How Low Will Grain Prices Go?
USDA’s Lower Ending Stocks May Have Helped
Increased rainfall is helping to alleviate the severe drought conditions that had forced restrictions on ship passages through the Panama Canal.
Ending Stocks go Down Instead of Up
Does This Stop the Bleeding in Corn?
Hogs Bounce Off Contract Lows
Chair Thompson criticized the Biden administration for imposing regulations he claims punish farmers and ranchers.
Markets Overdue for a Correction
Weather and Farmer Selling Also Factors
Livestock Also End in the Red
Funds Continue to Press Corn and Beans to 3-Year Lows
How Much Lower Will Prices Fall?
Cattle and Hogs Also Fail
Rain Chances in Eastern Corn Belt Bearish
Concerns about espionage, intellectual property theft, and potential sabotage of the U.S. food supply underscore the need for vigilant monitoring of foreign land purchases near critical infrastructure.
Funds Also Pressure Grains on Favorable Weather
North Trades Record $200 Cash Cattle