Markets - General

It was a higher day in the ag markets with grains and cattle posting gains. Here’s how today’s trade shook out and a few things on our radar.

There is still uncertainty about whether the guidance for the 45Z credit will be available before the credit takes effect. This could potentially create challenges for producers planning to claim the credit in early 2025.

As agriculture faces multiple challenges, USDA’s latest net farm income forecast is masking the reality for farmers. While livestock margins have improved for 2024, high input costs and below breakeven prices for row crops means margins could be the worst in nearly 20 years.

Grain markets took out the previous day’s low but managed to recover and take out the previous day’s high, which may offer a technical tailwind for prices into the weekend.

Grain markets were lower again, trading back down to what may prove to be some “MUST HOLD” trading levels. Will support hold?

Grain markets were lower to start the week on continued pressure from last week’s WASDE report. The weakness has broken chart support which may put the Bears back in the driver’s seat.

Two factors add up to alternative storage paying off.

Oliver Sloup joined Michelle Rook with AgDay TV and Farm Journal to share his thoughts on today’s grain and livestock trade following the WASDE report and into the weekend.

Grain markets were mixed in Thursday’s trade as market participants away new news from the USDA.

If you have a long-term plan that includes goals for your business, and if making cash sales helps to advance your business toward reaching those goals, cash sales should be a celebration.