Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
AgDay TV Markets Now: Darin Newsom with Barchart says funds still buying and chasing Black Sea headlines in wheat, while profit taking hits row crops Thursday.
Wheat ends slightly higher Thursday, but corn and soybeans finally set back. Cattle hit new highs then crashed despite higher cash. Darin Newsom with Barchart has the analysis.
The grain markets this week had trading ranges typical of a daily range a few months past. They appear to be calming down ahead of USDA’s February reports and USDA’s Ag Outlook Forum, says Jerry Gulke.
“There’s a place that you put on risk and there’s a place that you take it off. So, we decided to take some money off and put in the bank,” says Jerry Gulke, president of Gulke Group.
The situation in the grain markets this spring looks much different than a year ago, says Jerry Gulke, president of Gulke Group. Unfortunately, the picture is not as price positive for the 2023 crops.
With the popularity of electric and hybrid vehicles growing, long-term gasoline use could drop, taking ethanol consumption with it. Will ethanol continue to be the juggernaut in the corn market?
The grain markets are focused on planting progress — or the lack thereof. Jerry Gulke says the markets are building in weather premium as progress could see delays periodically especially in northern areas.
Sometimes it isn’t a matter of what direction prices are headed but where they are not headed. USDA has shaved demand, especially in corn. The long-term outlook might show corn prices have lower targets yet to come.
The major debate this year has been one of perceived tight stocks versus how high prices have or will impact global demand for U.S. agricultural commodities.
The 2022/23 crop season could post two records in Brazil: a record 313 million tons of soybeans, corn, cotton, rice and wheat and a record storage deficit of more than 100 million tons.
Iowa farmer Ben Riensche is excited about the opportunities current margins are providing to reinvest in his operation. He provides these tips for spending money during good times.
Markets can tell a story, especially after a journey through headwinds, political strife and wars. March soybeans did that in 2022.
Markets can tell a story, especially after a journey through headwinds, political strife and wars. March soybeans did that in 2022.
Ag families experience recessions most tangibly through their non-farm personal connections, making them worth watching, regardless of farm economics.
Technically speaking the price action of Chicago, Kansas City and Minneapolis wheat varieties are signaling a change is coming — one that might not be recognized until the price ship has sailed.
Here are the key market headwinds ahead for the cattle industry.
It didn’t start with the swing of an ax in the Amazon or by an explosion in Kiev. Both contributed, but the shifts in global grain flows is a multifaceted prism through which the future is continuing to evolve.
The value of capital assets and cash flow were concerns in 2008 — just as they are today. The evolution of dealing with inflation has yet to impact ag directly, but history shows a wake-up call is in process.
Grains two-sided with profit taking & hedge pressure offset by weather & global supply concerns. Live cattle make new highs then crash, hogs pushed by a rising cash index. Mike Minor, Professional Ag Marketing.
Grains mixed with profit taking, hedge selling offset by weather and war concerns. Cattle higher with the softer corn and higher cash ideas, with the LHI also pushing hogs. Scott Varilek, Kooima Kooima Variilek.
AgDay TV Markets Now: Bryan Doherty with Total Farm Marketing says grains close higher adding more war and weather premium. New crop corn and soybeans and even wheat close above key chart areas.
Grains higher adding risk premium tied to war and weather. How high do prices project? Live cattle hit more contract highs, milk futures were soft but have they bottomed? Bryan Doherty, Total Farm Marketing.
USDA launched an initiative called the Farmer Seed Liaison, aimed at reducing confusion for growers, plant breeders, and others involved in the complex seed system.
Grains Pushed by Forecast, Russian Attacks on Ukraine Port: Cattle Fall on Higher Feed, Hogs Correct
Grains higher with hot dry extended forecasts and Russia again attacking Ukraine ports. How how will prices go? Cattle fall with higher corn, while hogs correct. Randy Martinson, Martinson Ag.
Grains Higher Putting in War and Weather Premium: That Pressures Cattle and Hogs Despite Strong Cash
Grains sharply higher putting in war and weather premium. Corn, beans get above chart resistance. Cattle and hogs set back with higher corn and meal, despite strong cash. Vince Boddicker, Farmers Trading Company.
Traders are probably correct to anticipate a seasonal downturn, but we’re not convinced the likely summer peak will come as early as they expect.
AgDay TV Markets Now: Brad Kooima of Kooima Kooima Varilek says row crops put in weather premium, while live cattle put in a strong performance and again eye contract highs with higher cash trade ideas.
Brazil is poised to export a record 18.3 MMT of soybeans, soymeal, corn and wheat in July. . .
Grains higher on hot dry extended forecasts but also war premium after Russia attacked the Odessa port. Live cattle eye contact highs. While hogs consolidate. Brad Kooima, Kooima Kooima Varilek.
Corn and wheat lower on profit-taking, despite news the grain deal is done. Soybean higher w/meal, wx concerns. Live cattle consolidate off contract highs awaiting cash, hogs sense a cash top. Brian Grete, Pro Farmer.