Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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?
The USDA reports were bullish for corn with lower-than-expected quarterly stocks, but bearish for soybeans. Wheat numbers were also bearish with higher-than-expected production.
The overall outlook for the cattle markets remains positive.
This collaboration aims to meet the surging demand for low-carbon biofuels, which are increasingly powering various modes of transportation, including trucks, buses, and airplanes.
Markets end in a sea of red and with lower weekly closes as funds sell on the looming government shutdown. That seemed to trump all other news including USDA’s reports. DuWayne Bosse, Bolt Marketing, has more.
USDA reports slightly friendly corn, bearish beans and wheat with bigger spring wheat crop. All markets in the red on govt. shutdown. Matt Bennett, AgMarket.Net has analysis from the combine!
Markets mostly lower. Positioning end of quarter, pre-report, possible government shutdown, PCE data. Is the corn market putting in a long term low? Lots to talk about with Darin Newsom, Barchart.
The Senate Ag Committee is actively considering increased oversight of foreign investments in U.S. farmland, prompted by growing concerns, particularly regarding China.
AgDay TV Markets Now: Rich Nelson, Allendale, says corn rally driven by short covering heading into reports but a harvest low may not be in. Soybeans slide with harvest pressure and export concerns.
Corn up on pre-report short covering, beans slide on slow exports. KC and MN wheat make new lows. Cattle see a technical bounce with equities, while hogs rally pre-report. Rich Nelson, Allendale has analysis.
Chinese importers are believed to have made large purchases of Ukrainian corn in the past two weeks, traders in Asia and Europe said.
Corn higher with exports, soybeans below $13 on talk of China cancellations. Cattle see a technical bounce with hogs firm ahead of Hogs and Pigs Report. Mike Minor, Professional Ag Marketing has more.
Live cattle try to recover but held back by feeders and some steady to lower cash. Hogs firm ahead of a Hogs and Pigs Report. Grains mixed end of quarter, pre-reports. Scott Varilek, Kooima Kooima Varilek has more
A recent report highlights that food insecurity remains a pressing issue even six months after the conclusion of expanded government assistance programs designed to address pandemic-related challenges.
AgDay TV Markets Now: Tommy Grisafi, Advance Trading, explains how end of the quarter positioning is making for some interesting commodity and outside market action.
Rep. Earl Blumenauer (D-Ore.) introduced a crop insurance reform bill aimed at reducing costs and better targeting support toward small and mid-sized farmers.
Grains mixed on report positioning and end of the quarter profit taking. Economic concerns also impacted cattle and outside markets. Tommy Grisafi, Advance Trading, explains all the money flow moves!
Corn & beans higher on end of quarter & report positioning, wheat down with the higher dollar, poor demand. Cattle see fund profit taking w/bearish macro markets. Chip Nellinger, Blue Reef Agri-Marketing has more.
Row crops higher on report squaring, corrective buying end of quarter. Wheat falls with higher dollar. Basis levels weak with the low river levels. Cattle fade early bounce. Nick Tsiolis, Farmers Keeper, has more.
USDA Secretary Tom Vilsack discussed the issue of foreign ownership of U.S. agricultural land and businesses during a White House briefing in anticipation of an upcoming Senate Agriculture Committee hearing on the topic.
AgDay TV Markets Now: Don Roose of U.S. Commodities says cattle hit by fund selling and risk off in equities, with report positioning in grains. Are corn and beans forging harvest lows?
The 64.5-million-bushel sale was split 41.3 million bushels for this marketing year and 24.1 million bushels for 2024-25. It’s the 11th largest daily export sale on record and the third largest sale of corn to Mexico.