Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
The National Corn Growers Assoc. expressed criticism of a draft report from EPA’s Science Advisory Board, which questions whether increasing ethanol usage can significantly reduce greenhouse gas emissions...
Corn Recovers Off News Lows, Soybeans See Fund Liquidation: Live Cattle Make News Highs Then Retreat
Grains end mixed with corn bouncing after new lows but soybeans do technical damage. Cattle lower on profit taking after contract highs. Hogs bounce but are rangebound. Oliver Sloup, Blue Line Futures has more.
Cattle recover after profit taking Monday. How high will prices go and will cash be higher again this week? Hogs bounce. Grains quietly mixed after new lows in corn. Brad Kooima, Kooima Kooima Varilek has more.
AgDay TV Markets Now: Kevin Duling, KD Investors, talks about the tight global supply of wheat and when the market will finally respect it.
The latest ENSO forecast from the U.S. National Oceanic and Atmospheric Administration (NOAA) and the U.S. Climate Prediction Center today implied El Niño may be peaking already.
On the heels of the September WASDE report, Jerry Gulke details 9 points to help you understand and navigate the troubled waters ahead.
Nearby live cattle and feeder futures ended the week at fresh all-time highs. We look ahead to the next 5, 30 and 90 days.
AgDay TV Markets Now: John Heinberg, Total Farm Marketing, says soybeans have a poor technical close Friday as Argentina buys from China, corn follows but also sees harvest pressure.
Soybeans down as China buys Argentina beans. Corn follows with harvest pressure. Wheat sees technical buying. Cattle make all-time highs on higher cash. Hogs consolidate. John Heinberg, Total Farm Marketing, has more.
Every year, typically in late September or early October, Beijing unveils its import quotas for the following year, covering essential agricultural products such as wheat, rice, corn, cotton and sugar.
Wheat higher on short covering with a weaker dollar. Soybeans see profit taking on NOPA crush and corn follows it lower. Cattle make all-time highs with higher cash. Kevin Duling, KD Investors, has more.
Profit taking hits the soy complex. Short covering in wheat, corn caught in the middle. Cattle consolidate then hit all-time highs, better No. cash, Crude oil strong. Darin Newsom, Barchart has details.
Environmental and fossil fuel organizations have launched a series of lawsuits against EPA’s latest standards for renewable fuel.
Soybeans see fund buying, corn falls with wheat on profit taking and the higher $. New highs in cattle as funds buy w/firmer cash ideas. Hogs fall with cutouts and strike talk. Mark Schultz, Northstar Commodity has more.
Row crops see the technical bounce continue awaiting yield data, wheat sees profit taking on a strong dollar. Funds back buying in cattle, while hogs consolidate. Chuck Shelby, Risk Management Commodities, has more.
Funds are defending their long positions in cattle and buying on limited cash news. Hogs consolidating. Grains quietly mixed awaiting harvest reports. Scott Varilek of Kooima Kooima Varilek has details.
Oil production cuts that Saudi Arabia and Russia extended to the end of 2023 will create a “significant supply shortfall” and threaten a renewed surge in price volatility, the International Energy Agency (IEA) warned.
AgDay TV Markets Now: Naomi Blohm, Total Farm Marketing, says grains end higher on technical buying after holding long term support and digesting WASDE data.
Soybeans see follow-through selling with report hangover. Corn follows wheat, which may have bottomed? Cattle further consolidate after getting overbought, hogs mixed. DuWayne Bosse, Bolt Marketing, breaks it down.
Grains end higher after digesting WASDE data and see technical buying after bouncing off key support areas. Cattle and crude oil make a healthy bull market correction. Naomi Blohm, Total Farm Marketing, covers it all!
The September WASDE was a disappointment for the bulls, especially on corn.
Soybeans see more selling on WASDE hangover, corn rallies with wheat after holding support and has wheat finally bottomed? Cattle consolidate with bearish CPI data. Allison Thompson, The Money Farm, has more.
AgDay TV Markets Now: Matt Bennett, AgMarket.Net, talks about where prices are headed for corn and soybeans after the bulls were disappointed with the September WASDE.
Environmental organizations have taken legal action by filing a lawsuit in the 9th Circuit Court of Appeals in San Francisco, aiming to compel EPA to increase its oversight of large livestock feeding operations.
Corn and soybeans ended lower after the WASDE disappointed the bulls. Wheat ended higher with lower global stocks. Cattle hit new highs and then faded. Matt Bennett, AgMarket.Net has details.
Despite lower yields, the September WASDE was disappointing for the bulls. Ted Seifried, Zaner Ag Hedge, breaks it down and talks about what it means for prices.
Cattle hitting new contract highs again on bullish cash ideas, tight supplies. Hogs test resistance. Grains lower pre-WASDE, with disappointment about crop ratings. Brad Kooima, Kooima Kooima Varilek has more.
The trade is expected lower yields in the September WASDE after the continuation of hot and dry weather in the last month.
The 2023-24 sorghum season presents promising export opportunities, likely resulting in improved sorghum premiums over corn.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors discusses the WASDE and what yield numbers are already baked into the market, plus the reason wheat is at contract lows.