Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
EPA argued that its decision to make changes to the RFS program was based on the Clean Air Act and that it “reasonably set and fully explained the 2022 volume requirements for total renewable fuel and advanced biofuel...
Soybeans rally on SA weather, export demand, which supports corn and wheat as well as MX biz. Poor chart action in cattle, while hogs bounce but are into resistance. Vince Boddicker, Farmers Trading Company, has more.
Soybeans up on SA wx, export news, bean oil. Corn and wheat try to follow but also see WASDE positioning. Cattle gap lower on open, corrective buying in hogs. Mark Schultz, Northstar Commodity, has more.
Gap lower open in cattle on disappointing steady So. cash trade Friday. Hogs consolidate w/cattle. Soybeans rally on SA weather & China biz, corn tries to follow w/MX biz. Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing, discusses the big rally in soybeans, meal and corn on Friday and if the markets can continue the trend next week.
The strong close in soybeans reflects concerns about South American weather. If South American production drops 100 million bushels that makes U.S. ending stocks at 220 million bushels look tight, says Jerry Gulke.
Soybeans surge on SA weather concerns, export biz, lower $, which pulls wheat higher, corn off two-year lows. Livestock see profit taking, despite strong cash cattle news. Bryan Doherty, Total Farm Marketing, has more.
Grains up led by beans on SA crop concerns & resulting export biz. Corn bounces off 2-year lows. Cattle & hogs see profit taking despite some higher cash cattle trade. John Payne, Hedge Point Global Markets, has more.
Soybeans surge on export biz, SA crop concerns & fund buying, corn & wheat try to follow as corn holds 2-year lows. Cattle see profit taking awaiting cash. The dollar is down sharply. Darin Newsom, Barchart, has more.
A delegation from 11 ag industry groups gathered in Beijing on Thursday to meet Chinese counterparts amid growing U.S. efforts to bolster farm trade even as political ties between their two countries remain strained.
AgDay TV Markets Now: Alan Brugler, Brugler Marketing talks about the reasons behind the strong closes in soybeans and cattle, while corn flirts with two-year lows.
Corn scores a new low close, with soybeans higher on China talk and lower Brazilian estimates. Wheat sees short coveriing. Cattle close the chart gap with higher equities. Alan Brugler, Brugler Marketing, has more.
Corn sees harvest pressure, soybeans up on China talk and SA news. Wheat sees short covering. Dec live cattle filled the chart gap but can they keep going? DuWayne Bosse, Bolt Marketing, joins us while harvesting corn!
Cattle try to fill chart gaps with help from cash, S&P. Hogs back up. Soybeans lead gains with China talk, lower Brazil estimates. Corn & wheat are trying to follow. Scott Varilek, Kooima Kooima Varilek, has more.
Recaps of the latest corn-for-ethanol data.
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says corn closes at new lows with harvest pressure, while soybeans and wheat see some technical buying. However, grain markets are looking for news.
Official trade data from October.
Corn sees harvest pressure with technical buying in soybeans and wheat amid a lack of news besides the FOMC decision. Cattle higher but into resistance, profit taking in hogs. Ted Seifried, Zaner Ag Hedge, has more.
Corn takes out support with harvest pressure, soybeans higher with talk of China biz and wheat sees corrective buying. Cattle higher but into chart resistance. Randy Martinson, Martinson Ag, has details.
Grains mixed early. Wheat sees short covering after new lows in KC and MN, row crops looking for direction, await FOMC. Livestock building on recent gains. Vince Boddicker, Farmers Trading Company, has more.
AgDay TV Markets Now: Kevin Duling, KD Investors, says wheat makes new lows on technical selling and Russia export news, while corn and soybean see a corrective bounce.
Wheat hits new lows in KC on fund selling, crop ratings, talk of Russia lowering its export tax. Row crops up on corrective buying. Cattle consolidating under chart resistance. Kevin Duling, KD Investors has more.
Soybean oil used to produce biofuels in the U.S. fell to 1.197 billion lbs. in August, according to the U.S. Energy Information Administration (EIA).
Cattle 2-sided still consolidating but hit chart resistance. Hogs holding gains for 5th day. Soybeans follow meal with export biz and corn follows. Jeff Hoogendoorn, Professional Ag Marketing, has details.
Live cattle mixed to higher EOM, awaiting cash, but charts look bearish. Hogs mixed but is the correction over? Row crops firmer on short covering, higher crude oil. Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, says Row Crops and Meal See Profit Taking but Eye SA Weather, Harvest, Outside Markets
Starting on Tuesday, producers can apply for ERP benefits, regardless of whether they received a pre-filled form from USDA or not.
Soybeans, meal and corn fall on profit taking, watching SA weather, China export news, crude oil. Cattle and hogs extend gains, can they keep going? Chip Nellinger, Blue Reef Agri-Marketing has details.
Soybeans lower with profit taking in meal and better SA weather. That’s weighing on corn, plus lower crude oil and SRW wheat. Livestock extend gains but for how long? Kent Beadle, Paradigm Futures, has more.
Grains lower, livestock higher. But when will row crops break out of their sideways ranges? Can beans rally if corn doesn’t? When should livestock producers buy feed? We ask Jon Scheve, Superior Feed Ingredients.