Markets - General
Growing worries about just how bad ASF may be in China took hold of the soybean meal market this week, as prices trended down to levels the market hasn’t seen since December.
As we’ve discussed many times on AgriTalk, current fundamentals and the balance-sheet trends from USDA demand you maintain pricing flexibility.
The March WASDE report left corn and soybean supply and demand unchanged.
Corn Prices Could Range Between $4-$8 While Beans Could Be $10-$16 – There is even a chance we will see both price extremes this year.
The market ended the week on a high note, and one analyst thinks it will be hard to tame the bullish action in the market in the near-term.
A commodity swap is used to hedge against commodity price swings by locking in a price.
Global supply and demand are more important than ever. Accurate information is difficult to find, whether it be from NASS or China.
Corn, soybeans and wheat experienced double-digit price gains on Tuesday, a product of the 2021 bull market. And as prices continue to see the extreme price moves, some think the bull market could last beyond this year.
While analysts say it’s possible, yet not likely corn prices hit $18 per bushel, there are some factors fueling the market today. It’s not just the supply and demand scenario, but also the possibility of inflation.
The bull market right now is one driven by not just tight supplies, but monster demand. Two marketing analysts say even with an expected increase in acres, tight supplies mean prices can absorb more production.
May corn prices were up 6.5¢ and May soybean prices were up 25¢ for the week ending Feb. 26. March wheat prices were up 3.5¢.
Despite a couple down days in the commodity markets, core commodity prices were on a solid run in the past couple of weeks. And as a bull market continues to take shape, there are a few key factors in the driver’s seat
U.S. data shows COVID-19 infection rates are now down to levels not seen since early fall, a sign economic recovery could also take shape. As more consumers venture out to restaurants, it could also help meat demand.
USDA’s Ag Outlook Forum painted a brighter forecast for corn demand this year. While USDA does expect a 7% increase in production, the agency is also forecasting an increase in domestic use, as well as exports.
Unprecedented U.S. weather conditions, export numbers and USDA’s Ag Outlook Forum all weighed on prices this week, says Jamie Wasemiller, market analyst with Gulke Group.
USDA issued its first look at acreage during the annual Ag Outlook Forum with a record number of combined corn and soybean acres projected this year. Some analysts say given prices, that number has room to grow.
Here’s my biggest concern about what USDA didn’t deliver. What if the trade is right that U.S. corn exports will be at least 2.75 billion bushels with an outside chance of reaching 3 billion?
During USDA’s 2021 Ag Outlook Forum this week, chief economist Seth Meyer pointed to a possible bump in overall planted acres this year, with 92 million in corn, 90 million in soybeans and 12 million acres of cotton.
U.S. corn and soybean futures retreated on Thursday after the Department of Agriculture (USDA) projected that U.S. farmers would devote more acres to the two crops this spring than any year on record.
After consecutive years of stagnant commodity prices for some crops, the market has flipped. From lack of volatility to extreme price moves today, some think the volatility may be here to stay.
As USDA prepares to give its first glimpse at 2021 acreage this year, the acreage debate could be dynamic as tighter supplies will encourage planting.
As the U.S. waits to see if record corn purchases from China will turn into record shipments, there may be an economic incentive to buy more U.S. corn.
The USDA February WASDE report released Tuesday revealed expectations for higher beef production this year, a projection the agency says is driven by beefed up cattle slaughter and heavier weights.
As the substantial demand looks to be rooted in a need for feed and food, corn purchases from China may not be over yet and could be on track to hit a new record. However, actual shipments are lagging.
The corn price momentum quickly faded on Tuesday as traders seemed disappointed by conservative adjustments to its corn import forecast for China.
A month after USDA releases its final production estimates, USDA’s February report typically doesn’t provide major revisions. With possible changes to corn demand, analysts say Tuesday’s report could be different.
While volatility seems to be a vibrant theme in today’s markets, both corn and soybean prices have failed to make new highs. Could USDA’s report next week change that? Matt Bennett and Brian Grete weigh in.
The barometer drifted lower in January to a reading of 167. Even so, it shows areas of farmer optimism about making capital improvement investments and the outlook for farmland values.
An exclusive interview with the NASS Chief of Crops about Farm Bureau’s recommendations to improve transparency and accuracy of NASS reporting.