Corn
Randy Martinson, Martinson Ag, says grains are seeing a quiet session on Friday with thin post-holiday trade. However, at least wheat is failing to extend the big gains seen on Wednesday.
The move would increase biomass-based diesel requirements, from 3.35 billion gallons in 2025 to 5.61 billion gallons in 2026, supporting American row-crop growers in the process.
Rich Nelson with Allendale says wheat led the charge higher in the grains inserting war and weather premium but also seeing some short covering. Cattle and hogs recovered from Tuesday’s collapse.
Scott Varilek with Kooima Kooima Varilek says cattle futures are trying to recover after tanking Tuesday due to geopolitical and war concerns and the lower day in the stock market.
Mitch Hora, CEO of Continuum Ag says at first glance the Senate language on 45Z looks more favorable than the House.
Mike Minor of Professional Ag Marketing says grains saw technical buying on Tuesday while livestock fell with the financial markets on the conflict between Iran and Israel and a flip flop on ICE raids in packing plants.
In some cases, the sulfur deficiency can be traced back to last fall when ammonium sulfate and DAP were taken out of fertilizer programs to reduce costs. In other scenarios, the corn just isn’t getting adequate sulfur — but the problem can be corrected.
Darin Newsom, senior market analyst with Barchart, says grains are slightly higher Tuesday morning. While outside markets are reacting to the conflict between Israel and Iran.
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Tomm Pftizenmaier of Summit Commodity Brokerage says soybeans saw some follow through buying on Monday but it was somewhat disappointing considering the limit up move in soybean oil.