Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains end lower on Monday on weather forecasts for rain in the corn belt and increased farmer selling. Randy Martinson, Martinson Ag says cattle saw short covering.
Cattle see a short covering bounce after a lower week and with less war fear says Brad Kooima of Kooima Kooima Varilek. Hogs continue to see fund liquidation.. Grains retreat on farmer selling & weather.
Chip Nellinger, Blue Reef Agri-Marketing, says it was a true money flow or “Get Me Out” day Friday. While it caused a short covering rally in grains, he’s not sure it can be sustained.
Commodity and financial markets saw another volatile week. What’s triggering it? Jerry Gulke, president of the Gulke Group points to a couple possible clues.
Grains sharply higher Friday, as livestock, financial markets and many other commodities melt down. It was a money flow or “Get Me Out” day says Chip Nellinger, Blue Reef Agri-Marketing.
House Ag Democrats are facing internal tension and uncertainty as they struggle to formulate a response to the GOP’s farm bill proposal.
According to analysts at FarmDoc, Brazil could increase its crop area by 35%, adding approximately 70 million acres of cropland.
John Heinberg, Total Farm Marketing says USDA is slow playing it because the last two years they’ve ended up having to raise South American production after making cuts and they don’t want to do that again.
Grains end lower after a disappointing WASDE particularly South American numbers. John Heinberg, Total Farm Marketing, says corn and soybeans did technical damage opening the door for more fund selling.
In an effort to prevent domestic cattle from being exposed to Bovine Influenza A Virus (BIAV), 17 states have restricted cattle imports from states where the virus has infected dairy cows.
USDA Secretary Tom Vilsack suggests China’s reduced purchases of American agricultural products, particularly corn and soybeans, may be linked to recent actions taken by the U.S.
The law aims to increase reporting requirements and impose harsher penalties for violations related to foreign ownership of agricultural land.
Grains slide after USDA disappoints with U.S. ending stocks, but especially punting on South American production. Jim McCormick, AgMarket.Net, discusses why USDA is so far above Conab and RGE.
Scott Varilek, Kooima Kooima Varilek, says cattle futures are lower digesting BIAV news, while hogs recover, and grains are lower except corn following exports and South American crop estimates.
Mark Schultz, Northstar Commodity, says unfortunately it will take large production cuts in Brazil’s corn and soybean crop for prices to rally because of the large carryover in the U.S.
Grains end mixed trading weather and gearing up for production numbers from USDA and Conab. Mark Schultz, Northstar Commodity says livestock set back with the equities, with a bearish key reversal in hogs.
Beyond a few marketing strategies or providing a unique product for a niche market, sustainable practices offer opportunity in what looks to be another low-priced period in the grain markets.
What is the weather outlook for Plant 2024? Eric Snodgrass, Senior Science Fellow with Nutrien Ag Solutions, says it will be a tale of the eastern verses the western corn belt.
Grains are mixed Wednesday with a wheat rally supporting corn, but soybeans fall. Tomm Pfitzenmaier, Summit Commodity Brokerage, says its more than report positioning.
Several states and organizations filed lawsuits against the Biden administration’s recent revision of the calculation method for determining the fuel economy of electric vehicles (EVs).
Grains end lower on fund selling and U.S. and South American weather. Ted Seifried, Zaner Ag Hedge, says the grain market is running out of time for a typical spring weather rally and a catalyst for funds to buy.
During an antitrust conference hosted by the Federal Trade Commission and Justice Department, USDA Secretary Tom Vilsack highlighted the need for more efforts to promote competitive markets in the agricultural sector.
Cattle seeing an early rally, but can they hold it or will funds sell that strength? Joe Kooima of Kooima Kooima Varilek says funds are pushing hogs to contract highs. Grains fall on favorable planting weather.
Two UC-Davis analysts in a report highlighted that satisfying sustainable aviation fuel (SAF) goals would require a significant increase in soybean plantings, almost by 50%.
Brian Grete, editor of Pro Farmer, says the grains have been rangebound and sideways awaiting the April WASDE and with not a lot of fresh news to move the markets. Cattle are trying to find a bottom.
China has initiated a new round of action to significantly increase its grain output in the coming years via an increase in planted area and yield, in the latest effort to ensure food security.
Grains continue to trade sideways looking for a catalyst to push the funds out of their short positions. Pro Farmer Editor Brian Grete says the April WASDE could provide the next piece of fresh market moving news.
Grain markets lean higher early Monday with wheat seeing a rally which is helping corn and soybeans. Kent Beadle with Paradigm Futures says live cattle are finding some support with hogs lower on profit taking.
Grains were mixed Friday, but cattle futures tanked again on HPAI fears and Tommy Grisafi, Advance Trading, says to expect more of the same next week.
National Corn Growers Association (NCGA) President Harold Wolle expressed concerns to the International Trade Commission, stating that imposing tariffs on 2,4-D could limit imports, increase prices, and...