Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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
Major producers like Valero Energy, Phillips 66 and Calumet Specialty Products are retrofitting facilities to produce sustainable aviation fuel (SAF).
Cattle Higher Despite Lack of Cash Trade
Correcting Oversold Status
Shippers are preparing for supply-chain disruptions as Canadian rail workers, affiliated with the Teamsters Canada Rail Conference (TCRC), voted overwhelmingly to reauthorize strike action.
Funds Continue to Sell Without a Weather Threat
Mexico’s incoming administration will discard a core goal of outgoing President Andres Manuel Lopez Obrador, aka AMLO, to reduce imports of yellow corn, according to incoming agriculture minister Julio Berdegue.
Most of the Bearish News is Priced In
Prices fell more than 30¢ for the week. “Many of us thought there would be a few less corn acres but it turned out to be more. Corn prices reacted quickly and violently due to the shock,” says Jerry Gulke.
Soybeans and Wheat Rally, Corn Ends Off Three Year Lows
From more corn acres than expected to a large increase in corn and soybeans currently being stored on farm, market watchers are still digesting USDA’s big June Acreage and Grain Stocks reports.
Soybeans and Wheat Prices Follow
What does it mean for the balance sheets and future prices?
Jerry Gulke shares three things to know about the state of corn, soybean and wheat prices.
Joe Kooima of Kooima Kooima Varilek says row crops have had a tough week making new lows — and Friday is off to a similar start.
DuWayne Bosse, Bolt Marketing, says the trade is leaning too bearish heading into the reports, but corn and soybeans have also experienced selling tied to improved weather and other factors.
DuWayne Bosse, Bolt Marketing, says the trade is leaning too bearish heading into the USDA reports, but corn and soybeans just can’t seem to put in a low.