Markets - General
USDA’s first Crop Progress Report of the year showed only 27% of the nation’s winter wheat crop is rated “good,” far below the trade’s expectations. The numbers show the battle against drought is brutal in winter wheat.
China came in with a major buy to start the week. USDA confirmed in its daily export sales report that Beijing purchased 1.084 million tonnes of U.S. corn marking the biggest buy since May of 2021.
The March 31 reports from USDA provided the markets with a few surprises. Did they reset the tone for prices moving forward?
Commodity prices won’t grow less volatile over the next several months. So, what’s a potential game plan for locking in feed prices? Friday’s market action may be one example of what producers can do to manage risk.
For 2022, USDA are expecting more soybean acres than corn. That’s according to the 2022 Prospective Plantings report released on March 31.
Do your planting intentions align with the USDA data released on March 31? Share your thoughts in our poll.
The commodity markets came under pressure to start the week as traders tried to shed risk over shipping concerns in China as COVID-19 concerns caused officials to shut down transportation amid a two-pronged lockdown.
Less than a week from USDA’s Prospective Plantings report, it seems the market isn’t consumed by possible acreage outcomes. Instead, outside interest fueled prices as investors see commodities as a safe bet.
Headline-driven markets are tough to face but these tools can help.
The fundamentals in both the grain and livestock markets didn’t change this week. So, why did prices see such a volatile trading week? Joe Vaclavik and Don Close break down this week’s market action on U.S. Farm Report.