Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
The grain markets had another volatile week, highlighted by USDA’s Grain Stocks report. Jerry Gulke provides his take on the markets moving forward.
With soybean harvest past the halfway point and corn harvest nearing it, you likely have a better idea of how many bushels you won’t be able to store on farm. What should you do with those extra bushels?
After several weeks of volatility, the grain markets were relatively quiet this week — as harvest charges forward. Could this be a positive sign for prices? Jerry Gulke provides his take.
With U.S. soybean harvest at 88% complete, Jerry Gulke, president of the Gulke Group, says the market is sizing up the crop and buyers are trying to lock in their needs.
The latest USDA report, mid-term elections and a collapsing U.S. dollar all impacted the grain markets this week. Jerry Gulke shares his take on what this means going forward.
AgDay TV Markets Now: Tommy Grisafi, Advance Trading discusses what’s next for the grain markets after a higher but volatile week as markets chased weather and war headlines.
Sens. Chuck Grassley (R-Iowa) and Tammy Baldwin (D-Wis.) introduced a new bipartisan bill, the Farmland Security Act of 2023, seeking to further boost transparency in foreign ownership of U.S. farmland.
December corn ended 22½ cents higher; November soybeans were up 31 cents; with Chicago wheat climbing 36 cents; Kansas City, 31 cents; and Minneapolis, 2 cents. How long with the volatility continue?
Grains mostly lower except old crop soybeans on profit taking & hedge selling. Grains had a higher but volatile week trading war and weather headlines but what’s next? Tommy Grisafi, Advance Trading has insight.
Corn outlook and market keys for the next 5, 30 and 90 day segments.
Thanksgiving normally marks a change in direction for the grain markets. Jerry Gulke sets the stage for this year’s potential moves.
If you have unpriced old-crop corn, you’re not alone. Jerry Gulke provides his tips for post-harvest grain marketing and how to approach your 2023 plan.
On the first trading day of 2022, corn and wheat prices were down. But soybean prices were higher this year. This year all three commodities took a hit on the first trading day.
Corn & wheat lower on profit taking, Soybeans off lows with higher BO, watching weather. Cattle 2-sided w/profit taking pre-reports and despite higher cash. Hogs consolidate. DuWayne Bosse, Bolt Marketing has more.
I believe the top lesson from the 2022 crop year is farmers need to put aside the market hype and look to sell grain on rallies, or at least protect high prices with put options.
The Fed being hellbent on fighting inflation will temper grain commodity prices in the year ahead.
Be careful to match cost exposures to revenue opportunities and not squeeze margins when one moves the wrong way. Remember: Things change quickly, so remain flexible.
For 2023, key market factors are the same as 2022 — China demand and South American production.
Questionable corn demand and expected production highs in South America bring major questions to the corn and soybean outlooks. Yet positive factors are evident.
“Human nature is to do nothing, but that means you can end up with three years of corn on your farm,” says Ben Brown, agricultural economist at the University of Missouri. “This strategy makes you proactive.”
Grains mostly lower with profit taking on better extended weather, but still supported by global supply concerns. Chuck Shelby, Risk Management Commodities says cattle and hogs supported by higher cash.
The International Grains Council (IGC) raised its forecast for 2023-24 global corn production to 1.22 billion metric tons, reflecting an improved outlook for the United States.
To encourage fair treatment of specialty crop and small farmers, Sen. Cory Booker (D-N.J.) and Rep. Andrea Salinas (D-Ore.) are proposing a new bill: the Insuring Fairness for Family Farmers Act (IFFFA).
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.