Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Grains see short covering pre-WASDE, but just how important is this report and how different could results be from July? Plus, can cattle keep shaking off seasonal weakness? Ted Seifried of Zaner Ag Hedge has answers.
Grains bounce pre-report and with better exports, but will USDA punt on yields? Cattle correcting with firmer cash ideas, while hogs see seasonal weakness in cash and cutouts. Kent Beadle, Paradigm Futures has more.
Grains pop ahead of the USDA Report, while cattle trade mostly higher awaiting cash but higher beef prices are supportive, hogs slide with seasonally lower cash. Scott Varilek, Kooima Kooima Varilek has details.
The U.S. exported 583.9 million lbs. of pork in June. While that was down 34.2 million lbs. (5.5%) from May, it was up 50.7 million lbs. (9.5%) from last year and a record for June.
AgDay TV Markets Now: Dave Chatterton, Strategic Farm Marketing, says grains end mixed positioning ahead of the reports but watching war and weather news.
Corn & wheat see pre-report fund selling. Soybeans trim gains from China export biz as rain falls. Cattle recover w/product strength, hogs follow a lower cash index. Dave Chatterton, Strategic Farm Marketing has more.
Since 2000 the USDA U.S. soybean production forecast has been above the trade average estimate eight times and below 15 times.
Corn and wheat ahead of the WASDE. Soybeans firm after holding support and with China biz. Cattle follow higher beef values and cash ideas, hogs fall with cash index. DuWayne Bosse Bolt Marketing has more.
Soybeans up on China export biz and after holding support, wheat & corn lower squaring pre-WASDE. Cattle recover with higher product values, hogs consolidate. Chuck Shelby, Risk Management Commodities has more.
AgDay TV Markets Now: Randy Martinson Says Yield May Be Adjusted in WASDE But Offset By Lower Demand
AgDay TV Markets Now: Randy Martinson, Martinson Ag says yield may be adjusted in the WASDE, but he also fears it could be offset by lower demand.
UAC said, “The key problem with the new harvest was its poor quality...
Grains see a dead cat bounce after holding support areas, awaiting the WASDE. Cattle correct with risk off in outside markets, despite near record high cash. Hogs end mixed. Brad Kooima, Kooima Kooima Varilek has more.
SovEcon says reduced competition from Ukraine and increased demand from northern African countries will aid Russian wheat exports.
AgDay TV Markets Now: Vince Boddicker Says Mixed Day in Grains but Corn and Beans Hold Major Support
AgDay TV Markets Now: Vince Boddicker, Farmers Trading Company says talks about the mixed day in grains as the markets were influenced by war and weather. However, corn and soybeans held major support.
Iowa Attorney General Brenna Bird and Nebraska Attorney General Mike Hilgers filed suit in federal court against EPA to protect the rights of their governors under the federal Clean Air Act.