Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
What is really going on in Brazil as forecasted rains seem to trump continued lower crop estimates? Will it take a sub 150 mmt soybean crop for the market to care? Darren Frye, Water Street Solutions has the answers.
Grain and livestock chop ahead of the holiday, with end of year positioning and profit taking. Cattle mixed and ignore stronger cash as livestock gear up for USDA reports. DuWayne Bosse, Bolt Marketing, has details.
AgDay TV Markets Now: Jeff Hoogendoorn, Professional Ag Marketing, says corn bounces off contract low, soybeans fall but Brazil crop concerns not over.
Corn & wheat see corrective buying. Soybean slide on Brazil rain. Cattle consolidate pre-COF, despite better cash. Hogs saw bull spreading on strong exports. Jeff Hoogendoorn, Professional Ag Marketing, has details.
Cattle struggle awaiting confirmation of higher cash and COF, hogs bounce on better exports. Corn sees short covering off new lows, soybeans extract SA wx premium. Brad Kooima, Kooima Kooima Varilek, has details.
AgDay TV Markets Now: Garrett Toay, AgTraderTalk, talks about why corn hit new contract lows and why soybeans aren’t more concerned about Brazil’s crop.
EPA announced its decision to allow the use of the pesticide chlorpyrifos on crops, including soybeans, following a ruling by the U.S. Court of Appeals for the Eighth Circuit last month.
Grains lower on technical selling with the lack of positive news. Corn scores new contract lows, soybeans still eye Brazil rain chances. Cattle sees fund buying with lower corn. Garrett Toay, AgTraderTalk, has more.
Corn bounces off new lows, soybeans lower eyeing Brazil rains and wheat seeing profit taking. Grain markets face shipping issues & farmers are more unsold than normal. Nick Tsiolis, Farmers Keeper.
Hot, dry weather in Mato Grosso, Brazil’s top soybean producing state, is expected to reduce soybean production by around 20% in 2023-24, according to farmer group Aprosoja.
AgDay TV Markets Now: Kevin Duling, KD Investors, says soybean market falls with rain forecast in Brazil, despite lower estimates and corn follows. Why does wheat buck the trend?
The latest computer forecast models for ENSO events suggest El Niño peaked a few weeks ago and will begin a steady decline in January.
Soybean fall with Brazil rain forecast; corn follows with concerns about the MX rail issue. Wheat sees short covering with talk of China biz. Cattle consolidate awaiting cash/COF. Kevin Duling, KD Investors has more.
Soybeans fall on Brazil rain forecasts pulling down corn, plus U.S. MX rail issue. Wheat sees corrective buying. Cattle mixed awaiting COF & cash, hogs fall w/LHI. Vince Boddicker, Farmers Trading Company, has more.
Cattle trade 2-sided early awaiting COF but with improved cash ideas, hogs drift with lower cash, cutouts and eye Prop 12 changes, Corn and beans fall with rains in SA. Scott Varilek, Kooima Kooima Varilek, has more.
Brazil shipped 2 MMT of soybeans during the first half of December...
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, discusses how much Brazil risk premium soybeans need to add, why wheat tumbled and if cattle can continue to recover.
Corn-based ethanol and other renewable fuels likely will qualify for the SAF credit in relation to SAF produced and used in calendar years 2023 and 2024.
Soybeans rally adding Brazil weather premium, wheat and corn slide on slow demand. Cattle higher but how much recovery is expected? Hogs mixed. Shawn Hackett, Hackett Financial Advisors, has insight.
Corn and wheat slide no new export biz, rain in HRW areas. Soybeans and products watch Brazil weather. Cattle extend last week’s gains with ideas of steady cash, hogs mixed. Kent Beadle, Paradigm Futures, has more.
Grains drift with no new export sales, rain chances in Brazil and markets in holiday mode. Cattle higher building on a higher weekly close ahead of COF and cash, hogs mixed. Randy Martinson, Martinson Ag, has more.
AgDay TV Markets Now: Darin Newsom, Barchart, says end of year and holiday trade hits the grains, with one eye on Brazil weather.
Prices are holding within trading ranges due to the lack of farmer selling and Brazil production concerns.
Grains mostly higher on shortcovering in corn and wheat EOY, preholiday. Soybeans end mixed watching Brazil wx, demand news. Cattle and hogs end higher Friday and for the week. Darin Newsom, Barchart, has more.
Today the U.S. Treasury Department issued guidance on eligibility for the (SAF tax credit in the Inflation Reduction Act (IRA). What does it mean for the ethanol industry. Here’s Growth Energy’s response.
Grains mixed in holiday mode. Early gains in beans on export biz, but Brazil rain chances cap rally. Corn follows, wheat is higher. Cattle and hogs 2-sided. DuWayne Bosse, Bolt Marketing, has more.
The study highlights that to accurately assess the carbon footprint of beef production, land use impacts must be considered.
AgDay TV Markets Now: Naomi Blohm, Total Farm Marketing, discusses what drove the recovery in the grain markets on Thursday.
Brazilian soybean farmers are facing a dearth of seeds for their replanting efforts as suppliers have run out of the main varieties, Marino Colpo, chief executive of seed company Boa Safra Sementes, told Reuters.
Grain and livestock futures recover after the meltdown Thursday on corrective buying, strong exports, a 14.7 mb sale of soybeans and the lower dollar. Naomi Blohm, Total Farm Marketing, has more.