Grain and livestock futures trade both sides of steady early Wednesday after testing the top side of trading ranges. Are grains ready to take a breather? Vince Boddicker, Farmers Trading Company, has details.
With the exception of Chicago wheat, grain markets scored higher weekly closes and ended above the 20-day moving average for the first time in weeks, according to Darren Frye, Water Street Solutions.
In South Dakota, after years of debate surrounding a proposed carbon dioxide pipeline, lawmakers passed three bills aimed at bolstering protections for landowners while maintaining a regulatory path for the project.
USDA makes very few changes in the WASDE even to South American production numbers which is a disappointment, but markets are finding some buying interest even so. Chip Nellinger, Blue Reef Agri-Marketing has details.
Cattle futures see a chart breakout following higher cash, hogs consolidate. Grains fail to extend gains ahead of the WASDE and with China cancelling more SRW wheat. Scott Varilek, Kooima Kooima Varilek, has more.
Grains end higher Thursday with technical buying and short covering by the funds. So, are the lows in? DuWayne Bosse, Bolt Marketing, has the answers and also covers the mostly higher action in cattle and hogs.
Grains see early strength ahead of the WASDE and with some better demand news. Cattle are mixed ahead of cash development, hogs mostly higher trying to recover. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: John Heinberg, Total Farm Marketing says corn is in consolidation mode but held up well Wednesday in light of contract lows in wheat and talk of China cancellations.
While USDA’s new livestock and poultry market final rule aims to address discrimination and promote competition, critics argue it could lead to excessive regulation and higher consumer prices.
Corn saw short covering, despite contract lows in wheat on talk of China SRW cancellations. Soybeans see Brazil harvest pressure. Cattle and hogs are consolidating. John Heinberg, Total Farm Marketing, has details.
Grains see technical selling pressure with wheat making new contract lows. Cattle are consolidating. Outside markets are recovering after a down day Tuesday. Darin Newsom, Sr. Market Analyst, with Barchart has more.
During a School Nutrition Assoc. meeting in Washington, Secretary Vilsack engaged with hundreds of school nutrition professionals regarding the USDA’s proposed rule aimed at reducing sodium and sugar in school meals.
Grains lower on profit taking after corn and beans hit resistance, plus farmer selling & report positioning. Cattle bounced, while hogs set back with lower cash and cutouts. Ted Seifried, Zaner Ag Hedge, has more.
Cattle try to recover after failing at chart resistance Monday. Hogs mixed on pre-Goldman rolling. Corn and soybeans are seeing profit taking after hitting the 20 day MA. Brad Kooima of Kooima Kooima Varilek has more.
AgDay TV Markets Now: Shawn Hackett, Hackett Financial Advisors says grains end higher on Monday but he is looking for one specific signal that the markets have changed trend.
Grains higher Monday. So, was it China hopes or a dead cat bounce? And what will it take to confirm a change in trend? Shawn Hackett, Hackett Financial Advisors, covers that plus cattle and cotton.
Grains see corrective buying as they are oversold, plus getting help from export business and China hopes. Livestock are lower with rising feed prices and profit taking. Randy Martinson, Martinson Ag, has details.
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing says the grains see profit taking to end the week and will start looking ahead to the March WASDE.
The Biden administration will finalize revisions to its climate model for sustainable aviation fuel (SAF) feedstocks in the coming weeks, a White House official said.
Corn and soybeans post higher weekly closes. Does this finally confirm a low? Bryan Doherty says corn "hasn’t turned all the way yet" and soybeans likely will experience pressure from Brazil's harvest and prices.
If a bin of unpriced corn is your biggest mistake, know you aren’t the first and won’t be the last farmer who missed a pricing opportunity. Embrace the outcome and set your sights on making 2024 your best year yet.
Corn and wheat rallied on end of month profit taking by the speculative traders, while soybeans and cattle faltered. Arlan Suderman with StoneX has details.
USDA Secretary Tom Vilsack has been advocating for a policy that would allow corn-based ethanol to qualify as a feedstock for sustainable aviation fuel (SAF) credits.
AgDay TV Markets Now: Matt Bennett, AgMarket.Net, says corn is up for a third day despite a down day in wheat. Is it bottoming action and what kind of recovery rally can we expect?
French Finance Minister Bruno Le Maire announced banks, including Credit Agricole SA and BNP Paribas SA, will offer preferential lending rates to farmers.
In 2023, Mexico, the largest importer of U.S. corn, banned the use of genetically modified (GM) corn for human consumption, prompting a trade dispute with the United States.
Food price inflation is back in the outlook for all food, food at home (grocery) and food away from home (restaurant) prices in 2024, according to the latest update from USDA.
Grains up with corn above $4. Will the recovery rally hold or be sold? The wheat market extends last week's gains. Plus, live cattle shake off the COF report. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
Corn makes contract lows on selling before March delivery. Wheat and beans are oversold and try to bounce off new lows. Profit taking in cattle post the COF report. Allison Thompson, The Money Farm, has more.
The Financial Crimes Enforcement Network (FinCEN) is proposing a new requirement for certain financial entities, like title companies, to report cash purchases of residential real estate.
At least three U.S.-bound cargo ships are preparing to load with soybeans at two ports in Northern Brazil, according to shipping lineup data seen by Reuters.
Some fields have a spot that consistently does not produce, but don't ignore those acres. If 156 acres average 200 bu. per acre, but 4 acres average 20 bu., the yield on the 160-acre field drops to 195.5 bu. per acre.
So, will the farmer selling dry up next week or will the funds take their foot off the accelerator? Grisafi says, “If the funds are still adding to their short position this could get really ugly.”
Grains see fund and farmer selling and weekly exports were weak in soybeans & wheat. Cattle rally heading into the COF report, hogs also see new near term highs w/higher cash. Kent Beadle, Paradigm Futures, has more.