Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Cattle and hogs higher on corrective buying but will it hold w/lower cash and higher weights? Grains up on export sales heading into the WASDE and watching Brazil wx. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Mike Zuzulo, Global Commodity Analytics, discusses the impact China’s economic woes are having on the ag and energy markets.
The U.S. exported 572.2 million lbs. of pork in October, up 11.0% from September and 5.7% more than last year.
AgDay TV Markets Now: Mark Schultz, Northstar Commodity, discusses the risk-off selling in grain and cattle futures Wednesday.
India is planning to discourage the diversion of sugar for ethanol production as part of efforts to ensure sufficient supplies of the sweetener in the local market, government and trade sources said.
The U.S. exported $16.64 billion of ag goods in October against imports of $16.90 billion for a trade deficit of $262 million.
Grains see risk off selling following crude oil & profit taking & farmer selling in corn & wheat. Cattle make more contract lows with fund selling and lower cash, hogs mixed. Mark Schultz, Northstar Commodity, has more.
Corn & soybeans are lower, wheat mixed as many markets hit technical resistance & follow lower crude oil. More fund pressure in cattle, while hogs are 2-sided. Mike Zuzulo, Global Commodity Analytics, has details.
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says China may buy more wheat and even corn. So, what will that mean for prices?
China is currently facing a significant and potentially dangerous issue related to its hidden debt problem, the Wall Street Journal reports.
Corn & wheat up on short covering, China sales but how high can markets go? Soybeans consolidate awaiting Brazil wx news. Cattle bounce but will it hold? Hogs see profit taking. Ted Seifried, Zaner Ag Hedge, explains.
Wheat and Corn Try to Hold Gains on China Sales, But Soybeans Break: Cattle Bounce but Will it Hold?
Corn and wheat try to hold early gains on a 7.3 mb SRW wheat sale to China but hit resistance. Plus, soybeans remove Brazil weather premium. Cattle bounce but will it hold? Randy Martinson, Martinson Ag, has more.
Cattle Trying to Bottom, While Hogs Fall on Spreads: More China SRW Wheat Biz Pulls Grain Complex Up
Cattle try to recover after new lows yesterday. Is a bottom close? Meanwhile hogs fall on cattle/hog spreads. Row crops follow wheat higher on more SRW sales to China. Brad Kooima, Kooima Kooima Varilek, has more.
Wheat ends higher on fund short covering and China export biz. Soybeans remove Brazil weather premium, so corn ends flat. Cattle make new lows, gold reverses off new highs. Alan Brugler, Brugler Marketing, has more.
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, says China needs to buy more wheat to get funds to cover their short position and corn could follow. Cattle make new lows and may not be done going down yet.
Canada’s wheat crop is estimated at 32.0 MMT by Statistics Canada, up from the 29.8 MMT forecast in September.
This recommendation comes amid a long-standing policy debate that is expected to become a contentious issue during the next farm bill discussions.
Wheat up on China export biz, pulling up corn. Soybeans fall on China news, Brazil rain chances. Cattle make new lows but are they bottoming? Gold hits record highs. John Payne, Hedge Point Global Markets has more.
SRW wheat up w/China sales confirmed. Corn fades Mexico sales on farmer selling. Beans 2-sided w/ firmer meal on export biz. New lows in cattle w/rising weights. Kent Beadle, Paradigm Futures has more.
Airlines want to replace jet fuel with ethanol to fight global warming, and that would require hefty amounts of corn and water.
AgDay TV Markets Now: Mike Minor, Professional Ag Marketing, says corn and wheat have a higher week but can they continue to rally?
Corn and wheat higher short covering. Profit taking hit soybeans and meal on rain chances in Brazil. Cattle and hogs see selling with lower cash and higher weights. Mike Minor, Professional Ag Marketing has more.
Keys driving the soybean market broken down into the next 5, 30 and 90 day segments.
Corn and wheat rebound on corrective buying, but soybeans and meal still lower with Brazil rain chances. Cattle see more fund selling w/lower cash and hogs follow. Vince Boddicker, Farmers Trading Company, has more.
Grains setting back on profit taking, fund selling and rain chances in Brazil. Cattle bounce, while the DOW hits news highs for the year. Darin Newsom, Barchart, has details.
Grains setting back on profit taking, fund selling and rain chances in Brazil. Cattle bounce, while the DOW hits news highs for the year. Darin Newsom, Barchart, has details.
In preparation for the upcoming farm bill, House Ag Chairman Glenn “GT” Thompson (R-Pa.) told Politico his intent to make crop insurance more affordable.
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, discusses the rally in corn and if its sustainable, while cattle retreat on disappointing cash.
USDA projects a decrease in U.S. farm sector profits in 2023 compared to the record-high levels of 2022. Inflation-adjusted net cash farm income is forecast to decline by $49.2 billion (23.8%) to $157.9 billion in 2023.
Corn and wheat see corrective buying with strong exports. Profit taking hit the soybean complex with an eye on Brazil wx. Cattle fall with lower cash, hogs mostly higher. Oliver Sloup, Blue Line Futures, has more.