Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing says grain markets post sharply higher week and strong technical closes. Action could get even more explosive if dry weather forecasts continue.
Corn and soybeans are in a full-blown weather rally. After a sharply higher week, what should farmers watch for to decide when to market their crops?
Recap of this week’s price action with 5, 30 and 90 day outlook for soybeans.
Grains end sharply higher Friday, for week on fund buying & weather concerns. If it stays dry how high will prices run? Cattle bounce but is a bottom in? Hogs up for the week. Bryan Doherty, Total Farm Marketing.
Grains end sharply higher on Friday and for the week on fund buying, weather concerns. How high will prices run? Cattle bounce but is a bottom in? Hogs post a higher week. Bryan Doherty, Total Farm Marketing.
Grains see massive fund buying in a bull blown weather market. How high will price go? Cattle recover despite weaker cash and higher corn, while hogs reverse. Darin Newsom, Barchart.
Grains see massive fund buying in a bull blown weather market. How high will price go? Cattle recover despite weaker cash and higher corn, while hogs reverse. Darin Newsom, Barchart.
AgDay TV Markets Now: Garrett Toay, AgTraderTalk, discusses if new crop corn can get to $6 or soybeans to $13 on this weather rally?
In response to California’s Proposition 12, Sen. Roger Marshall (R-Kan.) introduced the Ending Agricultural Trade Suppression (EATS) Act today.
Grains rallied on pre-holiday fund buying, drought concerns & the BO rally. Corn and beans closed above key chart areas. Live cattle rebounded despite weaker cash, hogs mostly higher. Garrett Toay of AgTraderTalk.
Grains strong with fund buying on dry weather, Drought Monitor. How high could prices go? Cattle correcting but will we continue to hold chart support? Chip Nellinger, Blue-Reef Agri-Marketing has the answers.
Cattle still correcting, with an eye on cash. Hogs see more short covering with higher cash & cutouts. Grains up w/fund buying, dry wx, Drought Monitor expanding drought areas. Scott Varilek, Kooima Kooima Varilek.
AgDay TV Markets Now: Chuck Shelby with Risk Management Commodities discusses if corn and beans have enough weather premium and what it will take to retest Tuesday’s highs. Plus, reaction to the Fed move.
Wednesday’s fundamental and technical analysis for corn.
Grains lean lower on technical selling & weather, what will it take to retest Tuesday’s highs? The Fed pauses, says more hikes coming. And profit taking in cattle and hogs. Chuck Shelby, Risk Management Commodities.
Grains see pressure on weather, technical selling after hitting resistance and wheat struggles as EU prices tumble. Cattle continue to correct, with spread unwinding with hogs. Allison Thompson, The Money Farm.
Grains set back on better rains chances in the forecast and after hitting resistance. Will cattle markets keep correcting? Hogs are up but how much more upside is left? Matt Bennett, AgMarket.Net has details.
AgDay TV Markets Now: Brad Kooima of Kooima Kooima Varilek discusses the weather rally in row crops and if it can be sustained after running into chart resistance. And has the cattle market put in a short term top?
The soy complex edged higher, led by a surge in soybean futures amid a second week of lower-than-expected government ratings and supportive outside markets.
Grains up on fund buying, putting in weather premium w/drop in crop ratings, but soy products are also pushing beans. Cattle consolidate w/higher corn, hogs mixed. Tomm Pfitzenmaier, Summit Commodity Brokerage.
House Ways and Means Committee Chair, Rep. Jason Smith, has sponsored a bill that seeks to prevent foreign adversaries from acquiring U.S. agricultural land.
Cattle correcting today and the top may be in short term says Brad Kooima of Kooima Kooima Varilek. What will cash do this week? Has the hog rally run its course? Corn, beans rally on drop in crop ratings, weather.
EPA’s proposed RVOs are considered outdated, as they don’t take into account the expected growth in renewable diesel production capacity.
AgDay TV Markets Now: Arlan Suderman of StoneX says row crops trade dryness concerns with disappointing rains, sliding conditions but at what point agronomically does it really impact corn yield?
New crop corn and beans up on weather but Arlan Suderman, StoneX says yield loss talk is premature. Wheat ends mixed. Cattle could retest highs with more record cash and hogs build on the higher weekly closes.
Corn and Nov soybeans higher on weather concerns, ideas of lower crop ratings. Wheat mixed with poor demand. Live cattle rebound but will they retest the highs if cash is up this week? Randy Martinson, Martinson Ag.
Corn and new crop soybeans up on dry weather and ideas of lower crop ratings. Wheat mixed on spreads. Live cattle see short covering w/strong beef values and cash pushes hogs. Kent Beadle, Paradigm Futures.
Office of Management and Budget (OMB) meetings on EPA’s biofuels plan for 2023 and beyond are ongoing, addressing the Renewable Fuel Standard (RFS) obligations.
The June WASDE confirmed grain poor demand and growing U.S. supplies.
AgDay TV Markets Now: Jim McCormick with AgMarket.Net says the U.S. will need a major crop problem to overcome the poor demand in the June WASDE.