Markets - General
On a more hopeful note, some industry analysts believe the number has reached its peak and will start to move down this summer. Certainly, some trade deals that would open markets for U.S. ag products would help.
Grain markets are sliding lower to start the last full week of trade. Attention turns to next week’s quarterly reports where volatility has been a theme in recent years.
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New equipment sales continue to drag while used machines are starting to capture buyer’s attention. When it comes to hay equipment that market is a bit different animal compared with row crop machines.
Grain markets finished last week’s trade on a high note, but that failed to materialize into strength to start this week’s trade.
Jerry Gulke, president of the Gulke Group, says the news EPA is raising blending mandates for biomass-based diesel above expectations came as a surprise but was positive for farmers and the biofuels industry.
From CPI to a “trade deal”, headlines throughout the day did little to move markets in a meaningful way. Here’s what caught our eye in today’s trade.
Sen. Chuck Grassley (R-IA) says one of the challenges the U.S. is dealing with is trying to negotiate agreements with 18 of its biggest trading partners simultaneously. Grassley would like to see a dialed-back strategy used instead.
Jerry Gulke, president of the Gulke Group, says the gains were impressive considering the ongoing uncertainty regarding weather, trade and the geopolitical environment.
According to the latest USDA data released from the U.S. Meat Export Federation, beef exports to China dropped 70% in April and pork exports fell 35%. With trade talks ongoing, there is optimism for the remainder of the year.