Markets - General

“China and Brazil are getting together. They’re going to build infrastructure, and they’re going to make SAF and they’re going to build railroads, and it’s not good for us and our future. That’s why we need new markets,” says Iowa farmer Tim Burrack.

Equity markets saw some continued strength on Wednesday but the momentum has slowed. More volatility and movement was seen in commodities with markets like gold, grains, and cattle drawing attention.

May futures are in the process of printing a monthly key reversal. Ironically, this is just what it did five years ago in August 2020. Coincidence you might think?

The market might not be as hot as it was two years ago, but it still sizzles. The economics of low supply and strong demand are keeping prices fairly stable with only slight reductions seen this spring, depending on the location and quality, says Colton Lacina, Farmers National Company.

While 56% of farmers say they believe the ongoing trade disputes with China and other countries will hurt them financially this year, 70% say they believe the U.S. and agriculture specifically will benefit in the long-term.

Fed Day has came and now passed. Outside markets saw little fluctuation while other markets such as corn, gold, and crude saw bigger daily swings.

Livestock markets rounded out last week’s trade with a higher close. Thanks to a strong fundamental backdrop, that has propelled futures higher yet again. How much more upside is left?

Jerry Gulke, president of the Gulke Group, says there are several factors that indicate to him the chance to rally old crop corn to $5 is over.

Equity markets had a strong finish to the month of April which spilled into strength to start May, thanks impart to strong earnings from a few tech giants. Gold and oil have slid lower over the last few sessions while grain and livestock markets remain choppy.