The European Commission cut its forecast for the 2024 European Union wheat crop to a four-year low amid a projected bigger decline in planted area than previously expected.
Grains drift with no new export sales, rain chances in Brazil and markets in holiday mode. Cattle higher building on a higher weekly close ahead of COF and cash, hogs mixed. Randy Martinson, Martinson Ag, has more.
Grains mostly higher on shortcovering in corn and wheat EOY, preholiday. Soybeans end mixed watching Brazil wx, demand news. Cattle and hogs end higher Friday and for the week. Darin Newsom, Barchart, has more.
Today the U.S. Treasury Department issued guidance on eligibility for the (SAF tax credit in the Inflation Reduction Act (IRA). What does it mean for the ethanol industry. Here's Growth Energy's response.
Grains mixed in holiday mode. Early gains in beans on export biz, but Brazil rain chances cap rally. Corn follows, wheat is higher. Cattle and hogs 2-sided. DuWayne Bosse, Bolt Marketing, has more.
Brazilian soybean farmers are facing a dearth of seeds for their replanting efforts as suppliers have run out of the main varieties, Marino Colpo, chief executive of seed company Boa Safra Sementes, told Reuters.
Grain and livestock futures recover after the meltdown Thursday on corrective buying, strong exports, a 14.7 mb sale of soybeans and the lower dollar. Naomi Blohm, Total Farm Marketing, has more.
Ag markets rebound, see corrective buying after the commodity wide selloff Wed. Cattle still trying to bottom and await larger cash trends which so far have been soft. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, explains what triggered the commodity wide selloff Wednesday, plus what impact with the Fed action have on commodity markets?
Commodity wide risk off selling on Argentina's economic shakeup. Markets were also watching the Fed action. Chip Nellinger, Blue Reef Agri-Marketing, has details.
Grains lower with risk off selling tied to Argentina's economic shakeup. Livestock also fall with consolidation in cattle after three up days, while hogs follow lower cash. Kent Beadle, Paradigm Futures, has more.
Turn around Tuesday so wheat and corn were higher on corrective buying. Soybeans saw profit taking with lower bean oil also a drag. Cattle up for the third day, so it a bottom in? Arlan Suderman, StoneX, has more.
After two up days funds use strength in the cattle to sell. Hogs slide with lower cash. Corn follows wheat higher, with soybeans seeing some profit taking. Brad Kooima, Kooima Kooima Varilek has more.
AgDay TV Markets Now: Dave Chatterton, Strategic Farm Marketing explains the big rally in soybeans Monday and why corn and wheat weren't able to follow.
Soy complex futures posted strong gains to start the week, with January soybeans up 32 cents to $13.36, January meal futures $8.50 higher to $413.20 and January soyoil up 91 points to 51.11 cents.
Soybeans rally building back Brazil weather premium, with wheat down for the second day on profit taking and corn follows. Cattle futures extend gains. Dave Chatterton, Strategic Farm Marketing, has more.
Soybeans add Brazil weather premium with help from export biz, corn tried to follow but got pulled down by wheat which is seeing profit taking. Cattle struggle to hold gains. Randy Martinson, Martinson Ag, has more.
Soybeans add Brazil wx premium with fresh export biz, corn tries to follow but falls with wheat on profit taking. Cattle drift still trying to find a bottom. Allison Thompson, joins us from The Money Farm.
Generally, the December WASDE sees very few changes as USDA leaves major revisions until the final report in January. However, USDA did lower ending stocks in corn and wheat, as well as cut Brazil soybean production.
Almost 60 U.S. agricultural and commodity groups are urging the U.S. Department of Commerce (DOC) to either eliminate or further reduce import duties on phosphate fertilizer imports from Morocco.
Grains fade post-WASDE with only slight revisions on profit taking and Brazil weather. Livestock hold gains above contract lows, but for how long? Matt Bennett, AgMarket.Net has analysis.
Grains see profit taking & farmer selling post-WASDE w/ 25 mb cut in both corn & wheat ending stocks, 2 mmt cut in Brazil soybeans. Cattle & hogs see a relief rally. DuWayne Bosse, Bolt Marketing, has more.
Cattle and hogs higher on corrective buying but will it hold w/lower cash and higher weights? Grains up on export sales heading into the WASDE and watching Brazil wx. Scott Varilek, Kooima Kooima Varilek, has more.
India is planning to discourage the diversion of sugar for ethanol production as part of efforts to ensure sufficient supplies of the sweetener in the local market, government and trade sources said.
Grains see risk off selling following crude oil & profit taking & farmer selling in corn & wheat. Cattle make more contract lows with fund selling and lower cash, hogs mixed. Mark Schultz, Northstar Commodity, has more.
Corn & soybeans are lower, wheat mixed as many markets hit technical resistance & follow lower crude oil. More fund pressure in cattle, while hogs are 2-sided. Mike Zuzulo, Global Commodity Analytics, has details.
Corn & wheat up on short covering, China sales but how high can markets go? Soybeans consolidate awaiting Brazil wx news. Cattle bounce but will it hold? Hogs see profit taking. Ted Seifried, Zaner Ag Hedge, explains.
Corn and wheat try to hold early gains on a 7.3 mb SRW wheat sale to China but hit resistance. Plus, soybeans remove Brazil weather premium. Cattle bounce but will it hold? Randy Martinson, Martinson Ag, has more.
Cattle try to recover after new lows yesterday. Is a bottom close? Meanwhile hogs fall on cattle/hog spreads. Row crops follow wheat higher on more SRW sales to China. Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, says China needs to buy more wheat to get funds to cover their short position and corn could follow. Cattle make new lows and may not be done going down yet.
Most of Brazil’s jump in production is due to a 40% increase in planted acres for soybeans and 33% for corn. Demand for food will incentivize Brazil to plant even more acres, but there are logistical challenges at play.
Wheat ends higher on fund short covering and China export biz. Soybeans remove Brazil weather premium, so corn ends flat. Cattle make new lows, gold reverses off new highs. Alan Brugler, Brugler Marketing, has more.