Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
There’s an ongoing debate within the Biden administration about the role of ethanol in qualifying for sustainable aviation fuel (SAF) tax credits.
Commodities all lower with risk off day in outside markets. Plus, weather had funds selling, ignoring new war news. Charts got beat up for row crops, cattle still in an uptrend. Matt Bennett, AgMarket.Net has more.
Now is the time to be aggressive — not in marketing, financial decisions or crop mix shifts — but in risk management.
A risk off day in outside markets as Fitch downgrades U.S. debt has grain, cotton and livestock lower, weather is bearish and funds sell as chart support is violated. John Payne, Hedge Point Global Markets has more.
Corn-for-ethanol use totaled 441.5 million bu. in June, according to USDA, 2.7 million bu. less than expected.
A risk off day in grains w/rains falling and more in the forecast. That’s trumping new port attacks on the Danube River. What’s that mean for basis levels? Cattle consolidate. Nick Tsiolis, Farmers Keeper has more.
AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing says soybeans bounce and may have taken out enough weather premium, but corn is vulnerable. Cattle bounce off support with higher product values.
2021 has rolled out the red carpet for grain producers. March corn prices were up 12.5¢ and March soybean prices were up 66.25¢ for the week ending Jan. 8.
The grain markets continue their steady march upward. March corn prices were up 34.25¢ and March soybean prices were up 41.75¢ for the week.
Changing your perspective from last trading day of future to the first notice day depicts the “gapping” lower due to inverted prices. Note: the price-gapping from old to new crop July to September is similar to 2012.
Soybeans recovered with the products, corn and wheat were lower on weather and the higher dollar. Cattle closed strong with help from higher product, hogs reversed lower. DuWayne Bosse, Bolt Marketing has more.
Cattle futures surged today, reversing the recent consolidation trend as prices traded at the highest level since July 24.
Grains turn lower on technical selling, better weather and a higher dollar. Cattle bounce after holding chart support, and w/product values sharply higher, hogs reverse. Ted Seifried, Zaner Ag Hedge has details.
While 2020 may be one from the history books, be sure to note its gleanings in terms of insights for being a better marketer in the years ahead.
This year should not be about marketing at breakeven, but about a targeted point of profitability. Once you hit that point, make incremental sales as the market moves higher.
The grain markets took a hit this week. March corn prices were down 29.25¢ and March soybean prices were down $1.05 for the week ending Jan. 22.
Cattle bounce as cash ideas turn higher, hogs see profit taking in all but the August contract. Soybeans bounce after lower crop ratings, corn flat. Brad Kooima, Kooima Kooima Varilek has more.
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains implode removing weather and war premium and funds take profits end of month. However, the selloff is overdone.
December SRW wheat dropped 36 1/4 cents to $6.91 3/4 and nearer the session low. December HRW wheat closed down 39 3/4 cents at $8.29 1/2. Prices closed nearer their session lows and hit two-week lows today.
A string of new crop soybean export sales is a welcome as year-to-date sales are running woefully behind last year and the five year average.
Lower grains with month end fund selling, removing weather, war premium. Live cattle slideon softer cash, feeders up with lower corn. Hogs saw end of month profit taking. Tomm Pfitzenmaier, Summit Commodity has more.
After a rough week last week, grain prices have rebounded. March corn prices were up 46.75¢ and March soybean prices were up 56¢ for the week ending Jan. 29. March wheat prices were up 28¢.
March corn prices were up 1.25¢ and March soybean prices were down 2¢ for the week ending Feb. 5. March wheat prices were down 19.50¢.
March corn prices were down 9¢ and March soybean prices were up 6¢ for the week ending Feb. 12. March wheat prices were down 3.25¢.
Marketing your grain during rallying markets is stressful. To learn some tips, attend a webinar today with grain market analyst Matt Bennett.
March offers a big lineup of USDA reports. Each will offer key insights to big market questions.
Grains lower on fund selling, removing risk premium on improved extended forecasts. Soybeans ignore China export biz. Live cattle lower working in softer cash, hogs consolide. Randy Martinson, Martinson Ag has more.
As the saying goes, a bear only needs to eat once a year and the bull needs to eat every day. This week, grain prices drifted lower.
How will you respond to today’s profit opportunities? First, understand how the changes in market prices impact your operation.
For this week, May corn prices were up 18.25¢ and May soybean prices were up 1.75¢, for the week ending March 19. May wheat prices were down 12¢.