Crude Oil
Mark Schultz with Northstar Commodity says the market was skeptical about the lack of specifics in the framework before China denied the purchase amounts.
Corn and soybeans face pressure from China trade doubts, fast planting and lower crude oil. Meanwhile, rising interest rates signal inflationary fears.
Jeff Hoogendoorn with Professional Ag Marketing says grains were still tied to crude oil today and corn and soybeans ended off their lows when that market recovered. Cattle fell despite record cash up to $260.
Darin Newsom, senior market analyst for Barchart, says the odds are slim that the war with Iran is over. So he thinks the grain markets will soon find support.
Diesel prices are just 20 cents from a record high, with multiple states already setting new records. Experts warn relief is uncertain as prices could remain elevated through 2026.
Jim McCormick of AgMarket.Net says a new month brought in new money to the grain complex on inflationary concerns. How much higher could it go?
Allison Thompson with The Money Farm says corn and wheat saw some end of month profit taking Thursday, but it is a healthy correction.
Chip Nellinger with Blue Reef Agri-Marketing says it’s end of the month, so he chalks this up to some routine profit taking and farmer selling.