Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
During a School Nutrition Assoc. meeting in Washington, Secretary Vilsack engaged with hundreds of school nutrition professionals regarding the USDA’s proposed rule aimed at reducing sodium and sugar in school meals.
Until USDA’s May WASDE report rolls around, these acreage, yield, supply and ending stock figures are the talk of the town.
This decrease is attributed to improvements in cultivation, harvesting, transportation and processing stages of soy production.
Cattle try to recover after failing at chart resistance Monday. Hogs mixed on pre-Goldman rolling. Corn and soybeans are seeing profit taking after hitting the 20 day MA. Brad Kooima of Kooima Kooima Varilek has more.
Grains higher Monday. So, was it China hopes or a dead cat bounce? And what will it take to confirm a change in trend? Shawn Hackett, Hackett Financial Advisors, covers that plus cattle and cotton.
The U.S. faces a looming sugar supply crisis due to drought and mismanagement in Mexico.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors says grains end higher on Monday but he is looking for one specific signal that the markets have changed trend.
In recent months, farmers across Europe and India have mobilized to protest agricultural policies, reflecting a growing trend of discontent worldwide.
Grains see corrective buying as they are oversold, plus getting help from export business and China hopes. Livestock are lower with rising feed prices and profit taking. Randy Martinson, Martinson Ag, has details.
Corn and soybeans post higher weekly closes. Does this finally confirm a low? Bryan Doherty says corn “hasn’t turned all the way yet” and soybeans likely will experience pressure from Brazil’s harvest and prices.
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing says the grains see profit taking to end the week and will start looking ahead to the March WASDE.
The Biden administration will finalize revisions to its climate model for sustainable aviation fuel (SAF) feedstocks in the coming weeks, a White House official said.
We recap the week’s price action and share our outlook broken down into the next 5, 30 and 90 day segments.
If a bin of unpriced corn is your biggest mistake, know you aren’t the first and won’t be the last farmer who missed a pricing opportunity. Embrace the outcome and set your sights on making 2024 your best year yet.
AgDay TV Market Now: Arlan Suderman, StoneX says Corn up for the 4th day, but a sustained rally may be unlikely.
Updated crop and rangeland damage estimations for 2023 reveal the significant impact of natural disasters on domestic farm production.
Corn and wheat rallied on end of month profit taking by the speculative traders, while soybeans and cattle faltered. Arlan Suderman with StoneX has details.
USDA Secretary Tom Vilsack has been advocating for a policy that would allow corn-based ethanol to qualify as a feedstock for sustainable aviation fuel (SAF) credits.
Corn closes higher with China talk but is the market finally bottoming? Matt Bennett, AgMarket.Net, provides insight.
AgDay TV Markets Now: Matt Bennett, AgMarket.Net, says corn is up for a third day despite a down day in wheat. Is it bottoming action and what kind of recovery rally can we expect?
USDA now forecasts fiscal year (FY) 2024 ag exports at $170.5 billion, up $1.0 billion from the November forecast.
AgDay TV Markets Now: Allison Thompson Discusses if Wheat is Bottoming and Can Lead Row Crops Higher
AgDay TV Markets Now: Allison Thompson with The Money Farm discusses if wheat is bottoming, and it can pull corn and soybeans higher?
In 2023, Mexico, the largest importer of U.S. corn, banned the use of genetically modified (GM) corn for human consumption, prompting a trade dispute with the United States.
Food price inflation is back in the outlook for all food, food at home (grocery) and food away from home (restaurant) prices in 2024, according to the latest update from USDA.
Grains up with corn above $4. Will the recovery rally hold or be sold? The wheat market extends last week’s gains. Plus, live cattle shake off the COF report. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says the question after Monday’s recovery rally is “Will it hold or be sold?”
Corn makes contract lows on selling before March delivery. Wheat and beans are oversold and try to bounce off new lows. Profit taking in cattle post the COF report. Allison Thompson, The Money Farm, has more.
The Financial Crimes Enforcement Network (FinCEN) is proposing a new requirement for certain financial entities, like title companies, to report cash purchases of residential real estate.
At least three U.S.-bound cargo ships are preparing to load with soybeans at two ports in Northern Brazil, according to shipping lineup data seen by Reuters.
AgDay TV Markets Now: Tommy Grisafi says old crop corn closes below $4 and may still not be low enough with the current ending stocks.