Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
This week’s price action in soybeans and soybean meal has many wondering if a South American weather market is starting early. Even China is taking notice.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors, says soybeans rally with meal and talk of China sales and corn tries to follow. However, both markets have had difficulty sustaining rallies. Why?
Soybean futures ended the week on good note, with an extended soymeal rally amid strong U.S. demand breathing life into the complex.
Soybeans up w/meal and talk of China biz and corn tried to follow. Wheat saw profit taking with bearish Black Sea export news. Cattle higher with improved cash. Shawn Hackett, Hackett Financial Advisors, has more.
Cattle strong on higher cash, shake off lower equities. Hogs see more short covering. Corn & soybeans see corrective buying w/talk of China soybean biz, higher meal. Scott Varilek, Kooima Kooima Varilek, joins us.
Corn and soybeans rally amid option expiration but watching Middle East developments and weather, while wheat sees profit taking. Cattle continue to consolidate. Allison Thompson, The Money Farm, has details.
AgDay TV Markets Now: Garrett Toay, AgTraderTalk, says corn and beans see technical selling is a risk-off market day and fade friendly export news. Wheat saw short covering after getting oversold.
Corn and soybeans lost early gains on technical selling and bearish outside markets. Wheat saw short covering. Cattle saw more fund liquidation, with more short covering in hogs. Garrett Toay, AgTraderTalk, has more.
Despite improvements, the two largest Colorado River reservoirs, Lake Mead and Lake Powell, remain at low levels. Lake Mead is currently at 34% capacity and Lake Powell is at 37%.
Corn & beans fade with outside markets despite friendly soybean export news. Wheat holds gains on short covering and Ukraine headlines. Cattle consolidate. Hogs extend gains. DuWayne Bosse, Bolt Marketing, has more.
Grains seeing a corrective bounce but trading weather, export news and war headlines. Live cattle continue to correct. Crude oil pressured on geopolitical news. Darin Newsom, Barchart, has more.
The $2.3 billion in CCC funding from the last fiscal year will be directed towards boosting international markets for farmers.
AgDay TV Markets Now: Matt Bennett, AgMarket.Net, says grains see risk off technical selling with corn taking out key support.
USDA forecasts all food prices will increase 5.8% this year, within a range of 5.5% to 6.1%.
Grains see fund selling with risk off in outside markets, plus a lack of bullish news beyond a soybean sale to China. Cattle and hogs see an oversold technical bounce. Matt Bennett, AgMarket.Net,has more.