Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
Lower soybean complex after weekend rains, corn follows, wheat higher adding some war premium. Cattle see profit taking & hedge pressure, hogs bounce. Vince Boddicker, Farmers Trading Company has more.
Funds selling in the soybean complex on rain, wheat puts in some war premium, corn caught in the tug of war. Cattle consolidate after new highs in feeders, hogs bounce. Randy Martinson, Martinson Ag has more.
On March 29, USDA will release its annual Prospective Plantings report. How will acres shake out this year?
The grain markets had several drivers this week, including daily reports from the Pro Farmer Crop Tour, more big purchases from China and continued uncertainty of the crop damage in Iowa.
Soybeans plunge on rains; wheat mostly higher on Black Sea war news, corn 2-sided in the middle. Corn & bean export biz fails to support. Feeders make some new highs, Feds mixed. Kevin Duling, KD Investors has more.
The U.S. rejected Mexico’s proposal to jointly research the health effects of genetically modified (GM) corn, according to Reuters and Mexico media.
The losses the past seven to 10 days have cost farmers dearly, says Jerry Gulke. When fundamentals don’t influence prices the way we’ve come to expect, he says it’s time to look behind the scenes.
AgDay TV Markets Now: Mark Schultz , Northstar Commodity, talks about the lower week in grains, the chart damage it left and where prices go next week heading into the WASDE.
Row crops bounce Friday but all the grains are lower for the week and so are hogs. Cattle close strong Friday and for the week on the heels of better Northern Cash. Mark Schultz, Northstar Commodity explains.
Soybeans were able to secure follow-through gains to end the week, along with an advanced technical posture, with a close held above the 40- and 200-day moving averages.
Grains up on profit taking, geopolitical concerns but still following weather. Cattle supported by a higher cash tone, milk futures are up but is $20 milk in the cards? Bryan Doherty, Total Farm Marketing has
Grains up on renewed geopolitical concerns, corrective buying, still eyeing weather. Cattle are higher with steady to higher cash in the North. Hogs rolling over. Chip Nellinger, Blue Reef Agri-Marketing has more
In a move to combat the use of food as a weapon, the U.S. is stepping forward to lead an international initiative supported by over 75 countries.
AgDay TV Markets Now: Scott Varilek, Kooima Kooima Varilek, says soybeans still holding some weather premium, while corn needs to hold the July lows. Cattle post a nice recovery.
So often with big USDA reports, it’s not so much what the numbers say, but how the markets react to close out the week.
The observed increase in Payment Yields during the timeframe appears quite significant for specific crops.
Corn down on fund selling, poor exports. Soybeans hold support with meal, keeping some weather premium. Cattle have nice recovery on rising cash bids, hogs collapse. Scott Varilek, Kooima Kooima Varilek has details.
Corn & wheat down on fund selling, slow demand. Soybeans bounce with better export news, higher meal. Cattle trying to recover awaiting cash, hogs topping. Vince Boddicker, Farmers Trading Company, has details.
Equities and oil took a break yesterday but what is the long-term outlook. Grains mixed trading weather and export news. Cattle trying to recover after a pullback, awaiting cash. Darin Newsome Barchart, has more.
Sixty-five percent of farmers surveyed in July expect interest rates to climb in the next 12 months. On a positive note, 7 out of 10 said they expect farmland cash rental rates to remain roughly the same for 2024.
AgDay TV Markets Now: Matt Bennett, AgMarket.Net talks about what triggered the risk off fund selling in commodities and just how bad the charts look in corn and beans.