Markets - General

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.

Total Farm Marketing’s Naomi Blohm says based on her research, corn growers will likely have an opportunity to lock in better corn prices over the next few months.

Grain futures were under pressure overnight, with corn retreating back to a cluster of major moving averages. Will technical support hold or giveaway?

Jerry Gulke, president of the Gulke Group, says, “Soybeans have been the surprise and there are several factors that have allowed that market to remain resilient.”

Corn, beans, and wheat were able to see some strength into Thursday afternoon’s trade while livestock markets seemed to struggle to find conviction on direction.