Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Spot container shipping rates on trans-Pacific routes are experiencing a notable upward trend, at least for the time being.
AgDay TV Markets Now: Don Roose of U.S. Commodities says corn and soybeans end higher on technicals, weather and awaiting yield data but how much recovery is expected?
The International Grains Council (IGC) raised its forecast for 2023-24 global corn production, with an improved outlook for Ukraine’s crop only partially offset by a downward revision for China.
Row crops see technical bounce with hot dry weather. How much recovery can we expect? Wheat sees weak technicals and demand. Cattle down with weaker cash, while hogs bounce. Don Roose with U.S. Commodities has more.
Row crops see technical bounce with hot dry weather. How much recovery can we expect? Wheat sees weak technicals and demand. Cattle down with weaker cash, while hogs bounce. Don Roose with U.S. Commodities has more.
Soybeans up on hot dry wx & new crop exports, corn follows but fights lower wheat with more technical selling. Cattle see fund selling with steady/lower cash, hogs bounce. Mark Schultz, Northstar Commodity has more.
Beans up on wx & exports, corn tries to follow despite lower wheat. Cattle look tired, while hogs try to bounce. Global economic news a concern for commodities. Mike Zuzulo, Global Commodity Analytics has more.
AgDay TV Markets Now: Mike Minor, Professional Ag Marketing says the corn and bean market are trying to determine yield making crop tours more important this year.
Brazilian food and fuel processor Caramuru Alimentos, one of the country’s largest grain crushers, has started selling soybean-based ethanol at one of its plants in center-western Brazil.
The letter also mentions a lawsuit filed by the Attorney Generals of Iowa and Nebraska to compel EPA to finalize its action within the designated time frame, which is currently well past due.
AgDay TV Markets Now: Allison Thompson, The Money Farm, says risk off selling, better crop ratings hit grains with Dec corn closing below the July low and at 2020 levels.
Argentina’s government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%
Commodity selloff with a risk off day tied to U.S. and China economic news. Better than expected crop ratings hit corn and beans with corn closing below the July low. Allison Thompson, The Money Farm, has details.
A risk off day in outside and energy markets on some bearish U.S. and China economic news. What’s the outlook on crude oil, diesel, propane and natural gas heading into harvest? John Wenzel with StoneX Group has more.
AgDay TV Markets Now: Kent Beadle, Paradigm Futures, says soybeans see corrective buying on weather, while Dec corn holds the July low.
Cattle lower with risk off in outside markets. Hogs see bull spreading with the discount to cash. Grains lower with risk off day and better than expected crop ratings. Brad Kooima, Kooima Kooima Varilek has details.
Romania aims to double the monthly transit capacity of Ukrainian grain to its port of Constanta to 4 MMT in the coming months.
Weather supports soybeans, corn steady after holding the July low, while wheat falls with poor demand, fading war news. Cattle and hogs on seasonal weakness and fund selling. Kent Beadle, Paradigm Futures has more.
Soybeans up on weather and export biz, with corn pulled down by wheat, poor technicals. Profit taking in crude oil. Cattle consolidating awaiting cash direction. Randy Martinson, Martinson Ag has details.
Soybeans up on weather and export biz, corn down on poor technicals and higher yield ideas. Cattle consolidate despite steady to higher cash, hogs seasonally slide. Mike Minor, Professional Ag Marketing has more.
World oil demand will reach a record 102.2 million barrels per day (bpd) in 2023, up 2.2 million bpd from last year, the International Energy Agency forecast, driven by strong consumption in China and other regions.
Grains closed lower after USDA’s August crop production and WASDE reports. Alan Brugler, Brugler Marketing, has all the details.
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, explains why corn and soybeans closed lower on Friday after USDA cut yield for both crops.
USDA’s dance continues after the agency makes cuts to yields, production and ending stocks in the August reports.
Grains slide lower after the USDA lowered yield, production and ending stocks on corn and beans. Wheat was slightly negative with an increase in carryover. Jim McCormick of AgMarket.Net has analysis.
Market outlook and key price drivers over the next 5, 30 and 90 day segments.
Grains drift pre-report, what do the fundamentals signal on supply and demand? Crude oil makes 4 months highs will it keep rallying? What does the Fed do w/the CPI & PPI data? Darin Newsom, Barchart, has the answers!
SovEcon increased its Ukraine grain production forecasts for corn, wheat and barley.
AgDay TV Markets Now: Ted Seifried of Zaner Ag Hedge talks about the methodology USDA uses on the August WASDE and why they can’t punt on yield.
Brazilian crop estimating agency Conab raised its official corn and soybean crop estimates.