Latest News From Markets

Row crops remained under pressure on supply concerns, wheat was mixed. Cattle recover, so is the panic selling over? Mike Zuzulo, Global Commodity Analytics, has price action.

Corn and soybeans, plus cattle continue to see technical selling pressure. Report squaring, plus HPAI news and the port closure have been negative for the markets. DuWayne Bosse, Bolt Marketing, covers it all.  

Chuck Shelby, Risk Management Commodities, says grain and livestock were mostly lower Tuesday as funds sold with the uncertainty surrounding the HPAI cases in dairy herds as well as the Baltimore port closure. 

The American Sugar Coalition is pushing for restrictions on sugar imports from Mexico following concerns that some shipments may violate trade deal rules, Bloomberg reports.

Shipping accounts for roughly 90% of world trade and is responsible for nearly 3% of the world's carbon dioxide emissions.

A mostly lower day Tuesday in grain and livestock futures. Chuck Shelby, Risk Management Commodities, says uncertainty hit the market on many fronts.

Jerry Gulke discusses an unusual trend in the markets.

Grains are mostly lower on report positioning, while Brad Kooima, Kooima Kooima Varilek, says cattle make near term lows working in the Cattle on Feed Report and HPAI news.

John Payne, Hedge Point Global Markets, says, "The intension for the farmers here isn't always coming through with the USDA realities and I think they're going to show corn acres closer to 92 to 93 million."

After a sharp increase in the food price outlook last month, USDA trimmed its forecast this month.

A mixed close in both grain and livestock futures.  John Payne, Hedge Point Global Markets, says there was positioning end of month and quarter, plus heading into reports.  

Grains gear up for end of quarter and USDA reports, while cattle react to the bearish placements in Friday's USDA data. Kent Beadle, Paradigm Futures, has more.

Oliver Sloup, Blue Line Futures, says the USDA Ag Outlook Forum set the benchmark showing a nearly 4 million acre increase in soybeans and 3.6 million acre decrease in corn. So that is already priced into the markets.  

Costs are the main obstacle to increasing the use of sustainable aviation fuel (SAF), Exxon Mobil Senior Vice President Jack Willams said Friday.

A recap of the week's price action with outlook for the next 5, 30 and 90 days.

Markets closed mixed Friday, evidence of end quarter profit taking by the funds says Oliver Sloup, Blue Line Futures. He thinks they may continue that action ahead of reports and an uncertain growing season.

Grains fall on weather, but what else is behind it? Does the reversal in cattle mean anything? And will gold & the DOW continue to make new highs & what does it mean for ag markets? Darin Newsom, Barchart, has more.

Grains end higher with livestock mostly lower. Brad Kooima, Kooima Kooima Varilek, says markets are seeing end of month and report squaring.

The House Ag Committee held a hearing on Wednesday addressing concerns about China’s purchases of U.S. farmland, with both Democrats and Republicans expressing worry about potential threats to national security.

Grains end higher Thursday with soybeans making new highs for the move. Cattle close lower after record strong cash trade scoring a third reversal says Brad Kooima, Kooima Kooima Varilek.

Grains fade the early rally ahead of month end and USDA Reports as AgMarket.Net releases its acreage estimates. Matt Bennett breaks it down.

A bipartisan group of House lawmakers is urging the Biden administration to address new trade restrictions impacting U.S. biofuel exports.

AgDay TV Markets Now: Allison Thompson with The Money Farm discusses the ratios between corn and beans and wheat and beans and how that is impacting late minute planting decisions.

The U.S. ag sector is seeking over $900 million in aid to regain overseas markets lost to competitors like Brazil and Russia.

Bottom line: The report concludes that although globalization is evolving, the relationship between the U.S. and Europe remains resilient and vital.

AgDay TV Markets Now: Randy Martinson, Martinson Ag, discusses what farmers are mostly likely to plant this spring and what's influencing their decisions.

Baseline projections for 2024 from the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri suggest downward pressure on prices could continue throughout 2024 and beyond.

Cattle higher Monday with near to record cash prices.  However, the market fails to negate chart reversals.  Has the cattle market scored an intermediate top?  Scott Varillek, Kooima Kooima Varilek, has the answer.

A congressional hearing scheduled for Wednesday will delve into the perceived threat posed by China to the U.S. agriculture industry, particularly concerning the increasing foreign ownership of American farmland.

AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, says corn and soybeans on short covering and he thinks the funds may continue to cover short positions into the end of the month.

Members of the National Oilseed Processors Association (NOPA) crushed 186.2 million bu. of soybeans during February – by far the most ever for the month.

Jerry Gulke says he’d like to see another higher weekly close next week to help confirm the bottom is in the soybean market as well as a close above $12. A higher monthly close would be even more convincing. 

Corn and soybeans end higher Friday, despite lower wheat. Cattle recover with near to record cash. What's next for crude oil? Chip Nellinger, Blue Reef Agri-Marketing has details.

Cattle try to recover after reversals Thursday with record cash trade. Is this topping action? Hogs also bounce. Grains mixed after poor technical closes, awaiting news. Scott Varilek, Kooima Kooima Varilek, has more.

AgDay TV Markets Now: Jim McCormick, AgMarket.Net, discusses why grain and livestock futures had a bad day.

USDA has started using global exporters’ data to estimate China’s soybean imports because a wide gap emerged between shipping figures from producing nations and Chinese customs data, a USDA official told Reuters.

Grains end lower, even soybeans after a big rally. Cattle also had a poor technical close after live cattle made new near-term highs. So, was this risk off or hedge selling? Jim McCormick, AgMarket.Net, has more.

Grains all lower midday even soybeans after pushing above $12 in the May contract.  Allendale also releasing their annual acreage survey, we look at the results with Rich Nelson and why cattle failed.

Wheat is lower and dragging corn with it, while soybeans and products extend gains. Cattle higher with live cattle making near term highs and so is crude oil. Darin Newsom, Barchart, has analysis.

AgDay TV Markets Now: Don Roose, U.S. Commodities says grain markets have priced in the most bearish news and are adding risk premium. However, what will it take to get corn over $4.50 and soybeans over $12?

Phase 1 of the National Zero-Emission Freight Corridor Strategy targets local and regional trucking operations, first- and last-mile delivery, and port drayage, gradually moving towards accommodating long-haul trucking.

Corn & soybeans end steady after hitting chart resistance. But Don Roose, U.S. Commodities, says they're adding risk premium.  Wheat fell with China cancelling French wheat. Live cattle make new highs as hogs stall.

Grains see early pressure with profit taking, farmer selling. Wheat sees pressure from lower Russian wheat prices.  Cattle extend gains.  Hogs see profit taking, hedge pressure.  Kent Beadle, Paradigm Futures, has more.

AgDay TV Markets Now: Alan Brugler, Brugler Marketing, says soybean rally with bean oil and Brazil crop cuts, but is $12 sustainable? Corn ends steady.

The administration says it wants to work on issues surrounding new and beginning farmers among other comments.

The U.S. Court of Appeals for the Tenth Circuit upheld a settlement agreement related to attorneys’ fees in a lawsuit concerning genetically modified (GMO) corn.

Soybeans up w/bean oil, on lower Brazil production. Can beans get above $12?  Corn ends off highs hitting chart resistance, with farmer selling.  Wheat mixed. Cattle rebound. Alan Brugler, Brugler Marketing, has more.

Cattle trying to recover but was Friday's reversal action an intermediate top? Hogs mixed despite a Tyson plant closure.  Grains recover after early pressure. Brad Kooima, Kooima Kooima Varilek, has more.

AgDay TV Markets Now: Mike Minor says corn and wheat score impressive reversals despite China wheat cancellations. He expects them to cancel the remaining 30 million bushels of business.

While there are factors mitigating inflation, such as the productivity boomlet and China’s deflationary impact, Malanga adds that recent data shows a rise in core PCE deflator and other inflation indicators.