Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Ag markets see early risk off selling with the conflict in Israel, harvest pressure and report positioning in row crops. Wheat holds gains on talk of China export buys. Randy Martinson, Martinson Ag has more.
Should farmers store and try to capture the carry and more importantly will that carry be there in the future when it’s time for them to deliver? Jerry Gulke, president of the Gulke Group, is skeptical.
The U.S. exported 526.7 million lbs. of pork and 259.5 million lbs. of beef during August.
AgDay TV Markets Now: Bryan Doherty of Total Farm Marketing says grains end lower on Friday on profit taking but corn closes higher for the week. So can the market build on that and get Dec above $5?
Corn market outlook broken down into the next 5, 30 and 90 day segments.
Grains end lower on profit taking, but corn & wheat have higher week. Cattle recover with the DOW but are lower for the week, hogs firm while milk searches for a bottom. Bryan Doherty, Total Farm Marketing, has more.
Grains see profit taking going into the weekend with initial risk off selling on the jobs numbers. Cattle recover as the DOW rebounds while hogs are firm. Allison Thompson, The Money Farm, has details.
Grain and cattle lower with risk off selling tied to the jobs data. Corn and wheat are seeing supportive end user demand. Meanwhile soybean and cattle charts look tough. Kevin Duling, KD Investors, explains.
The U.S. trade deficit shrank to an almost three-year low in August. The U.S. ag trade deficit scores another record high.
AgDay TV Markets Now: Dave Chatterton, Strategic Farm Markets, says wheat puts in war premium and pulls row crops higher. Corn closes above chart resistance, but can it keep going?
Corn futures powered higher throughout the session after a break of technical resistance that capped gains the prior five sessions.
Wheat sees short covering on war news, spilling over to support row crops. Corn has a chart breakout, so can it keep going? Cattle consolidate, hogs bounce. Dave Chatterton, Strategic Farm Marketing, has details.
Cattle see risk off fund liquidation & weaker cash. Hogs see short covering w/strong exports. Corn follows a rally in wheat with strong exports, which pulls beans up. Scott Varilek, Kooima Kooima Varilek has more.
Beans see pressure on harvest & weak exports w/low river levels. Wheat up on lower EU estimate. Cattle see risk off selling w/lower cash, hogs lifted by strong exports. Mike Zuzulo, Global Commodity Analytics, has more.
AgDay TV Markets Now: Kent Beadle, Paradigm Futures, talks about harvest time marketing. Should farmers store or sell?
The Renewable Fuels Association (RFA) is calling on the California Air Resources Board (CARB) to expedite its approval process for E15.
Kommersant reported the ban would be lifted only on pipeline exports of diesel, and that volumes may be subject to quotas to avoid surges in wholesale prices.
Two small refiners are once again challenging the Environmental Protection Agency’s (EPA) decision to deny small refinery exemptions (SREs) under the Renewable Fuel Standard (RFS).
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, says ag markets hit again by risk off in outside markets, except wheat gets a boost with China biz.
Chinese exports to the Group of Seven (G7) industrial nations have seen a notable 7% decrease between March 2022 and August of this year, according to Geneva-based Trade Data Monitor.
Another risk off day in outside markets hurt ag markets, plus harvest pressure and low river levels weighed on soybeans. Wheat held gains on China export biz. Chip Nellinger, Blue Reef Agri-Marketing has more.
Mostly lower markets with lower equity markets on macroeconomic concerns. Cattle take out chart support in the process. Wheat is the exception with China SRW export biz. Kent Beadle, Paradigm Futures has more.
U.S. processors crushed 169.0 million bu. of soybeans during August, according to USDA, which was 2.6 million bu. less than the average pre-report estimate.
Markets lower except wheat with profit taking and fading China soybean and SRW biz. Cattle are at critical support, so will it hold? And has corn put in its harvest low? Brad Kooima of Kooima Kooima Varilek has more.
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says grains and cattle recover on Monday as the government averts a shutdown. But are the fundamentals strong enough to keep the rally going?
Grain and cattle markets rebound after Congress averts a government shutdown, but can the recovery continue especially with the headwind of the higher dollar? Ted Seifried of Zaner Ag Hedge has details.
Corn and wheat see corrective buying w/export biz to MX, which pulls soybeans off the lows. Markets recover as govt. open, including cattle. Hogs see report hangover. Vince Boddicker, Farmers Trading Company, has more.
Corn & wheat see a corrective bounce, while soybeans are down on harvest pressure. A government shutdown was averted which is also helping markets, especially cattle. Randy Martinson, Martinson Ag has details.
Jerry Gulke, president of the Gulke Group, says the most significant part of the report was the breakdown of who is holding the grain.
AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing, says threat of government shutdown melts down grain and livestock markets, trumps reports. So what are the long term market implications?