Markets - General
Hedgers, traders, and analysts are honed in for today’s USDA report, one that has historically come with big moves in the markets.
Jerry Gulke, president of the Gulke Group, says some in the market attributed the recovery to short covering but he thinks a some significant trade developments also played a role, as well as the upcoming USDA reports.
Our daily Grain Express is out, along with a link to our in-depth USDA report preview, breaking down estimates and how they stack up versus years prior, historical price action on report day, and the current market environment.
Equity markets continue to rally while pressure continues to seep into the grain markets. Livestock markets are treading near some inflection points on the chart.
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.
Introducing the Momentum & Money Flow – a series taking a top-down approach to commodity markets to chart the pulse of the futures markets through trend, rotation, and conviction. We’ll answer the “Why” behind capital rotations and macro flow – one chart at a time
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.