Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Corn and Soybeans See Bull Spreading with China Biz and Tight Cash Markets. Crude Oil Has a Chart Breakout, While Cattle are Red Hot!
Corn and beans mixed with tight supplies and bull spreads, while new crop trades weather. Wheat also mixed on spreads. More highs in cattle chasing cash while hogs can’t find a bottom. Garrett Toay, AgTraderTalk.
AgDay TV Markets Now: Garrett Toay of AgTrader Talk Says Tight Supplies and Bull Spreads Support Old Crop Corn and Beans, While Cattle Show No Signs of a Top
All Fed policymakers supported the 25-basis-point hike to interest rates last month, but several considered a pause before agreeing to tighten monetary policy, according to minutes from the meeting.
Grains higher except new crop corn and beans with better weather. Cattle making more highs with futures still at a discount to cash, while hogs look for a bottom. Mark Schultz of Northstar Commodity has details.
EPA proposed sweeping emissions cuts for new cars and trucks through 2032.
Grains mixed eyeing weather but will row crops get their typical spring rally? Cattle and milk futures rally, can they be sustained? Bryan Doherty of Total Farm Marketing has the answers.
U.S. production of renewable diesel hit 5 million gallons a day for the first time in January, the Wall Street Journal reports.
The April WASDE was slightly bearish for U.S. ending stocks compared to expectations, while Argentina production was cut by 3 mmt on corn and 6 mmt on soybeans due to drought.
AgDay TV Markets Now: Brian Grete of Pro Farmer says WASDE slightly bearish for grains but beans higher on news Argentina will allow exporters to delay shipments.
Argentina authorized exporters to delay soy shipments for up to 60 days.
Grains mixed after a neutral to slightly bearish WASDE vs. expectations & w/South American production already factored in. Cattle score more record highs, while hogs are held back by cash. Brian Grete, Pro Farmer.
Grains mixed after the WASDE. USDA left corn and soybean ending stocks unchanged, but raised wheat by 30 mb. They also lowered Argentina soybean production 6 mmt. Brian Splitt of AgMarket.Net has more.
Cattle make more new contract highs pushed by record cash and it may top that this week. Hogs see more fund selling. Grains mixed ahead of the WASDE, watching weather. Brad Kooima of Kooima Kooima Varilek has more.
Corn and wheat higher trading weather and the WASDE, soybeans set back unable to get above $15. Cattle make new highs on record cash trade. DuWayne Bosse of Bolt Marketing has details.
Grains end mostly higher Monday on weather and technical buying heading into the WASDE. Cattle futures make more new contract highs on record high cash but is the top in sight? DuWayne Bosse of Bolt Marketing.
Grains mixed ahead of the WASDE but also trading weather. Cattle are seeing some profit taking after new highs, while hogs hit new lows then try to bounce. Randy Martinson of Martinson Ag has more.
Grains mixed on weather, WASDE positioning, export inspections. Live cattle push back into contract highs with strong cutouts, hogs rebound. Michelle Rook has a quick summary.
AgDay TV Markets Now: Joe Vaclavik of Standard Grain talks about how USDA will work the lower quarterly stocks into the balance sheets in Tuesday’s WASDE Report.
Crude oil moves back above $80, what does that mean for interest rates and diesel fuel prices for farmers this growing season?
The U.S. exported 250.8 million lbs. of beef in February.
Grains End Mostly Lower on Profit Taking as Weather Improves, Cattle Hit New Highs: What’s the Next Move for Crude Oil? Darin Newsom with Barchart covers it all!
The next challenge for U.S. farmers? To plant the 92 million acres of corn and 87.5 million acres of soybeans.
Corn and soybeans lower on fund selling and improved weather. Cattle hit new contract highs with sharply higher cash trade. Joe Vaclacik of Standard Grain has analysis and a WASDE Report preview.
Corn and soybeans lower on improved weather, Argentina soy peso program, fund profit taking heading into a 3-day weekend and WASDE Report. Cattle gap higher on strong cash. Steve Freed, ADM Investor Services.
AgDay TV Markets Now: Naomi Blohm with Total Farm Marketing Says Improved Weather and Profit Taking Weighed on Grains Wednesday.
The Northern Plains was hit by another winter storm on Tuesday adding to the snowpack which ranges from several inches to several feet. So is it too early to start talking about planting delays?
Grains end lower on improved weather and profit taking ahead of the 3-day holiday and the next WASDE. Live cattle rebound with higher beef prices, but will the recovery continue? Naomi Blohm of Total Farm Marketing.
Argentina announced a new preferential exchange rate dubbed the “agro dollar,” which aims to boost agricultural exports and strengthen international reserve accumulation.
If weather conditions allow crop yields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall.