Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
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.
AgDay TV Markets Now: Brian Grete with Pro Farmer discusses why grains faded news of an end to the Black Sea Grain deal but yet soybeans held gains.
November soybean futures continue to climb higher but were unable to maintain last night’s gap higher caused by increased geopolitical risk around the Black Sea.
Corn, wheat fade Russia ending the Black Sea Grain deal. Meal, weather & China export talk support soybeans. Cattle firm w/higher cash ideas, hogs supported by higher cash index. Kent Beadle, Paradigm Futures.
Grains fade after higher open on weather, China soybean export talk and the end of the Black Sea Grain deal. Cattle firm but fail to take out last week’s highs? Kevin Duling, KD Investors.
Exports have generally suffered across the world, except in regions dominated by the Commonwealth of Independent States (CIS) led by Russia, and in China.
AgDay TV Markets Now: Jim McCormick of AgMarket.Net discusses what the grain market is signaling with higher weekly closes after the bearish WASDE.
Following the bearish report on Wednesday, grain markets closed higher for the week, which, according to Jerry Gulke, signals the market might believe there is more downside to yield.
After the June report, traders prepared for a “new” trading environment with “burdensome” corn supplies and “pipeline” soybean supplies. Then came the anticlimactic July report.
Grains higher for the week shaking off the bearish WASDE. Focus on weather, yield, Black Sea Grain Deal and falling dollar. Live cattle rebound into new contract highs, hogs consolidate. Jim McCormick, AgMarket.Net.
Friday’s technically bullish weekly high closes in winter wheat futures suggest follow-through chart-based buying next week.
Soybeans see profit taking with lower bean oil, no China biz. Corn & wheat up weather & uncertainty about yield, Black Sea Grain Deal. Cattle see technical bounce, while hogs consolidate. Ted Seifried, Zaner Ag Hedge.
Grains are mostly higher on follow through fund buying, with weather and uncertainty on the Black Sea Grain Deal supportive. Do yields need to come down more? Nick Tsiolis, Farmers Keeper.
Soybeans were able to regain Wednesday’s losses following USDA’s bearish supply and demand data. Traders are seemingly shaking off the data and turning their focus toward late-July and August weather.
Grains see a corrective bounce with help from outside markets like the lower dollar. Cattle confirm the reversal with follow through selling. Hogs bounce on higher cash. DuWayne Bosse, Bolt Marketing has more.
USDA Secretary Tom Vilsack said tackling climate change can boost farm revenue through the adoption of climate-smart practices.
AgDay TV Markets Now: Naomi Blohm, Total Farm Marketing explains why grains bounced a day after the bearish USDA Report.