Corn
Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
November soybeans failed to close above the key $12 level and Naomi Blohm of Total Farm Marketing thinks the market may be running out of runway as Monday was mostly technical buying.
President Jed Bower says the association is setting a course toward markets that could collectively unlock demand for billions of additional bushels of corn annually, “keeping farmers farming” for the next 250 years.
While, not yet confirmed by the U.S. Trade Representative’s office, Arlan Suderman, chief commodities economist, StoneX says the tariffs could be dropped by October 1.
Six technologies advance toward commercialization, with the first product expected in late 2026, despite criticism from environmental advocacy groups.
Joe Kooima of Kooima Kooima Varilek says funds continue to pressure the cattle futures and he anticipates that will continue after last week’s lower weekly closes.
Allison Thompson with The Money Farm says the failure was likely position squaring heading into the three day holiday plus markets ran into chart resistance and saw some profit taking.
Farm Journal’s June Ag Economists’ Monthly Monitor shows a weaker ag economy versus a year ago, but more than 80% expect consistent or better conditions over the next 12 months despite ongoing margin pressure.
Scott Varilek with Kooima Kooima Varilek says cattle futures were struggling early Thursday with lower cash as the packers are trying to break the market with their own inventory.
Luke Lindberg points to stronger export sales, reduced trade barriers and expanded opportunities in markets including Ghana, Australia and Vietnam.