Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Grains see more technical selling on macroeconomic fears as soybeans fade 4.6 mb of China biz. Cattle and hogs oversold and try to consolidate. Mike Minor, Professional Ag Marketing has more.
Cattle try to hold early gains after the COF bearishness. Hogs bounce off more contract lows. Grains see pressure with technical selling with macroeconomic fears. Brad Kooima, Kooima Kooima Varilek, has more.
The International Energy Agency (IEA) predicts a nearly 50% decline in oil demand by 2050 if governments fulfill their commitments to transition to cleaner energy sources.
AgDay TV Markets Now: Arlan Suderman, StoneX, discusses if cattle can recover after the COF meltdown and what drove the mixed day in grains.
Corn & wheat see technical selling on macroeconomic concerns, while soybeans put in some South American weather premium. Cattle try to recover after the COF meltdown. Arlan Suderman, StoneX recaps.
Corn and wheat seeing technical selling, but outside markets, harvest pressure, removal of war premium also factors. Soybeans see a corrective bounce. Cattle try to consolidate. Randy Martinson, Martinson Ag, has more.
Corn & wheat lower on technical selling, harvest pressure, plus SA weather, soybeans see short covering. Cattle open higher but struggle to hold gains. Hogs mixed. John Heinberg, Total Farm Marketing, has more.
The real question is: Should farmers wait for a more significant rally? Jerry Gulke says look at the carry in the market because it narrowed this week and determine if you can afford to pay commercial storage.
Soybean demand makes the market more receptive to a postharvest rally if production trends lower into January. Corn exports are behind last year’s pace, and importers are turning to Brazil’s corn.
AgDay TV Markets Now: Brad Kooima, Kooima Kooima Varilek, discusses how long cattle can shake off outside market noise.
AgDay TV Markets Now: Randy Martinson, Martinson Ag, discusses how much corn and soybeans could rally post harvest and when farmers should make sales.
AgDay TV Markets Now: Darin Newsom with Barchart discusses if the soybean market has put in a harvest low and what it will take to keep the rally going?
USDA announced awards totaling $52.6 million under the Fertilizer Production Expansion Program (FPEP), aimed at boosting domestic fertilizer manufacturing and reducing costs for farmers.
Ethanol advocates are advocating for flex fuel vehicles rather than solely promoting electric vehicles (EV).
AgDay TV Markets Now: Brian Grete, Pro Farmer, discusses why corn failed again at $5 and the demand news that rallied soybeans.
Members of the National Oilseed Processors Association (NOPA) crushed a record 165.5 million bu. of soybeans during September.
Soybeans up on demand news and bean oil rally. Corn lower after hitting $5 resistance. Wheat mixed. Cattle consolidate ahead of the COF, hogs fall with soft cash and product. Brian Grete, Pro Farmer, has more.
Soybeans up on strong NOPA and BO. Wheat mostly higher on short covering. Corn sees harvest pressure, despite a 79 mb sale to Mexico. Live cattle higher on strong cash ideas. Randy Martinson, Martinson Ag, has more.
Cattle higher with additional cash strength expected this week as packers push kills, hogs drift with lower cash and cutouts. Grains mixed testing resistance. Brad Kooima, Kooima Kooima Varilek has more.
Jerry Gulke says the Middle East conflict bears watching and advises farmers to have their energy and fertilizer supplies in hand should the event turn into another war.
In our 30-day wheat outlook, weather in multiple global wheat regions is garnering attention.