Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Grains end higher Thursday with technical buying and short covering by the funds. So, are the lows in? DuWayne Bosse, Bolt Marketing, has the answers and also covers the mostly higher action in cattle and hogs.
Of note: Ag groups are mostly praising SEC’s move to shield the ag sector.
Grains see early strength ahead of the WASDE and with some better demand news. Cattle are mixed ahead of cash development, hogs mostly higher trying to recover. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: John Heinberg, Total Farm Marketing says corn is in consolidation mode but held up well Wednesday in light of contract lows in wheat and talk of China cancellations.
While USDA’s new livestock and poultry market final rule aims to address discrimination and promote competition, critics argue it could lead to excessive regulation and higher consumer prices.
Corn saw short covering, despite contract lows in wheat on talk of China SRW cancellations. Soybeans see Brazil harvest pressure. Cattle and hogs are consolidating. John Heinberg, Total Farm Marketing, has details.
Grains see technical selling pressure with wheat making new contract lows. Cattle are consolidating. Outside markets are recovering after a down day Tuesday. Darin Newsom, Sr. Market Analyst, with Barchart has more.
Grains lower on profit taking after corn and beans hit resistance, plus farmer selling & report positioning. Cattle bounced, while hogs set back with lower cash and cutouts. Ted Seifried, Zaner Ag Hedge, has more.
AgDay TV Markets Now - Ted Seifried, Zaner Ag Hedge, says grains retreat after hitting chart resistance, but there is more to the selloff.
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.