Markets
Today’s commodity market news. Featuring expert analysis from Michelle Rook, Jerry Gulke and Pro Farmer Editors.
Wheat sets back on profit taking, with corn & beans trying to hold watching weather, seeing spread trade. Live cattle are consolidating, while feeders are supported by strong cash. Randy Martinson of Martinson Ag.
2-Sided in livestock with some consolidation. Will cash be higher again this week? Are hogs trying to bottom? Some profit taking and spread unwinding in corn. More with Brad Kooima, Kooima Kooima Varilek.
The strike by the Urgara grain inspectors union that prevented the loading of ships at the main Rosario export hub today is scheduled to end at midnight.
AgDay TV Markets Now: Matt Bennett with AgMarket.Net recaps the risk on day in ag markets, but says grains were also supported by weather and fund/technical buying after Nov soybeans and Dec corn held support.
Signs of an economic slowdown are flashing in the global diesel market, according to Bloomberg News.
Fund buying with the risk on day and strong technicals support ag markets. Plus, grains watch weather and the Argentina strike. Cattle recover with higher cash ideas. More with Matt Bennett of AgMarket.Net.
Grains all higher on weather and technicals, plus soybeans eye a strike in Argentina & NOPA crush. Cattle bounce on higher beef and cash ideas, with short covering in hogs. DuWayne Bosse of Bolt Marketing explains.
Wheat and corn mostly lower on spreads & profit taking, despite cold weekend temps. Soybeans up on Argentina strike. Cattle rebound on higher cash ideas. Kevin Duling, KD Investors explains.
AgDay TV Markets Now: Arlan Suderman, Chief Commodities Economist with StoneX says wheat and corn traded weather, China export news, while the big Brazil crop weighed on beans. Row crops focus on planting next week.
5, 30 and 90 day outlooks for the wheat markets.
Wheat put in war/weather premium, w/corn rebounding on China biz. Follow through selling in beans w/Brazil’s record supplies. Cattle saw some healthy profit taking, w/short covering in hogs. Arlan Suderman, StoneX.
Soybeans down on news of Brazil imports, corn gets a boost from China sales, wheat puts in weather & war premium. Cattle see profit taking & hedge pressure, w/short covering in hogs. Ted Seifried, Zaner Ag Hedge.
Cattle see profit taking & hedge selling after record cash. Mostly $175 South, $290 North. Hogs seeing short covering off contract lows. Bull spreading in corn w/ China biz.. Scott Varilek of Kooima Kooima Varilek.
AgDay TV Markets Now: Tommy Grisafi of Advance Trading discusses the risk off selling in grains and the drop coming in cash grain prices as May options expire and elevators roll from bidding off May to July.
The Buenos Aires Grain Exchange kept its Argentine soybean and corn crop estimates at 25 MMT and 36 MMT, respectively.
Markets end mostly lower on risk off, profit taking on corn & soybean spreads, and poor exports. Nearby cattle hit new highs after record cash, then saw hedge pressure. Tommy Grisafi of Advance Trading.
Nearby cattle hit new highs as record cash trickles in, while hogs make new contract lows. Corn and soybeans have backed off highs, with lower wheat but still seeing bull spreads. Mike Minor of Professional Ag Marketing.
While fertilizer prices are off March lows, they are still from 45% to 60% lower than this time last year, depending on the nutrient or product.
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.