MARKETS
Data shows soybean crush and renewable diesel output are hitting all-time highs, driven by strong domestic biofuel policy, while new U.S. tariffs on Brazilian tallow add fresh demand in the biofuel feedstock market.
Joe Kooima, Kooima Kooima Varilek says the question is whether or not a bounce in the cattle can hold or if funds will use it to exit more of their long positions.
Brooke Rollins’ intent addresses a paramount question of U.S. national food security: Who decides what a crop is worth?
Jerry Gulke, president of the Gulke Group, says in a bull market it can be difficult to know whether to hold or sell because it can get volatile and emotional.
For Jerry Gulke, president of the Gulke Group, the action further confirmed the grain futures forged significant lows on June 30.
Jerry Gulke, president of the Gulke Group, Gulke thinks the reason the acreage shift could be muted is the uncertainty about decisions this spring.
China is unlikely to increase soybean purchases beyond existing commitments, but markets expect new deals for corn, sorghum, milling wheat, poultry and meat.
Jerry Gulke, president of The Gulke Group, says technically it is a very bullish to see grain markets making new highs for the year starting in May.