Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Corn & wheat up on strong exports, first notice day liquidation eases. The soybean complex & crude oil see end of month profit taking. Cattle fall with lower cash, fund selling. Kevin Duling, KD Investors, has more.
Cattle see fund selling resume but is the low in? Hogs consolidating, while corn up with liquidation easing on first notice day & with strong weekly exports. Scott Varilek, Kooima Kooima Varilek, has more.
Grains mostly higher on corrective buying and wheat export news. Soybeans keep an eye on Brazil weather. Cattle and hogs continued to recover but are they confirming lows? Rich Nelson of Allendale has details.
AgDay TV Markets Now: Rich Nelson, Allendale, explains what drove the mostly higher day in grains and if wheat and corn have finally bottomed.
JPMorgan predicts the U.S. dollar is likely to strengthen due to the potential for a divisive U.S. election contest between President Joe Biden and former President Donald Trump.
Wheat rallies with talk of China biz, plus corrective buying, Soybeans off highs w/Brazil rain chances, corn makes new lows. Cattle & hogs consolidating, so are the lows in? DuWayne Bosse, Bolt Marketing, has more.
The projects are focused on strengthening supply chain reliability, creating workforce development opportunities, speeding up the movement of goods, and improving the safety, reliability and resilience of ports.
Soybeans fall w/no export biz & extended rain chances in Brazil, corn hits new lows on liquidation. Wheat sees corrective buying. Cattle consolidating, hogs lower. Randy Martinson, Martinson Ag, has more.
These investments aim to strengthen American food and agriculture supply chains, expand markets for agricultural producers, and reduce food costs.
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says ag markets see corrective buying, so why can’t corn follow and instead makes new lows?
Brazilian soybean production forecasts are extremely wide given the erratic first two-plus months of the growing season.
Ag markets see corrective buying except corn which hits contract lows. Cattle surge with a limit up day in Jan feeders. Can the markets build on this recovery Tomm Pfitzenmaier, Summit Commodity Brokerage has more.
Grain markets seeing corrective buying except for corn which made new lows again. Cattle seeing a relief rally, as well as crude oil. Shawn Hackett, Hackett Financial Advisors, has more.
Wheat & beans see corrective buying but corn hits new lows on hedge pressure, liquidation. Cattle consolidate but are funds done liquidating? Milk prices continue to drift. Bryan Doherty, Total Farm Marketing, has more.
AgDay TV Markets Now: Chuck Shelby, Risk Management Commodities, talks about what caused the commodity wide selloff on Monday.
Despite its recovery, the domestic pork market in China remains volatile, posing potential uncertainties for pork exporters worldwide.
We are getting questions from farmers and accountants wondering if Pandemic Assistance Revenue Program (PARP) payments are still going to be made in 2023.
Commodity wide technical selling Monday pushed corn, wheat and hog contacts into new lows. Cattle also saw fund liquidation. But what was the catalyst? Chuck Shelby, Risk Management Commodities, has analysis.
Commodity wide technical selling has most markets in the red. Corn and wheat are making new lows as well as hogs. Cattle are trading below the May chart breakout. Kent Beadle, Paradigm Futures, has analysis.
Cattle see corrective buying after an ugly Friday but how much technical damage was done? Hogs consolidating. Corn falls with wheat and soybeans 2-sided Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Allison Thompson talks post-harvest marketing strategies for corn, soybeans and wheat in a South America weather market.
Soy complex lower on profit taking, Brazil rain. That pull corn and wheat off highs despite export sales. Cattle fall with disappointing cash at $177/$280, hogs mixed. Mike Minor, Professional Ag Marketing, has more.
Soybeans see profit taking w/Brazil rain, corn & wheat supported by export sales, corrective buying. Cattle 2-sided but trying to make a low, while hogs are mixed. Chuck Shelby, Risk Management Commodities, has more.
Cattle again see fund selling on early strength & sloppy cash, hogs up on cattle/hog spreads. Soybeans see profit taking w/Brazil rain, corn is up with a 5 mb export sale. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing, says soybeans put in Brazil weather premium but end off highs hitting resistance, corn is a follower.
China’s National Energy Administration (NEA) has outlined plans for a series of demonstration or pilot projects aimed at boosting domestic biodiesel production.
Soybeans Hold SA Weather Premium, Corn and Wheat Follow with Corrective Buying: Funds Sell Livestock
Grains up with soybeans adding Brazil wx premium, corn follows and wheat saw corrective buying. Cattle see long funds selling on any strength, while hogs fall. DuWayne Bosse, Bolt Marketing, joins us from the tractor.
The agency says exports picked up steam this year in countries such as Canada, India and Japan and that the new Regional Agricultural Promotion Program will keep the wheels of progress turning in 2024.
Grains still higher but row crops off session highs w/some profit taking after running into chart resistance, but still supported by Brazil weather. Cattle see fund selling. Allison Thompson, The Money Farm, has more.
Soybeans lead the grains mostly higher with technical buying and putting in Brazil weather premium. Cattle fall with higher feed prices and fund liquidation. Randy Martinson, Martinson Ag, has more.