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Corn and soybeans lower on report positioning, profit taking in beans with lower BO. Cattle consolidate after new highs, lower DOW, await cash. Hogs lack support. Scott Varilek of Kooima Kooima Varilek.
Farmers in the northwestern corn belt have had normal to above normal moisture this winter which will play into planting intensions, but so will commodity and input prices. So what will the acreage mix look like?
Growers at the CHS Ag Industry Day heard from the head of CHS who’s bullish about the profit potential for producers in the northwestern corn belt in 2023 and beyond due to the explosion in demand for green fuels.
Grains mostly lower on follow through technical selling and profit taking in beans. Cattle 2-sided with slight consolidation after new highs. Hogs lower on rising supplies. DuWayne Bosse of Bolt Marketing has more.
Soybeans higher w/ contract highs in meal. Technical selling in wheat w/ moisture in HRW areas held back corn. Deferred cattle hit more contract high w/ strong cash. John Heinberg, Total Farm Marketing has more.
Soybeans up with new highs in meal, but wheat is pulling down the corn. Cattle higher with strong cash, but hogs can’t get traction with lagging cash and cutouts. Mark Schultz with Northstar Commodity has more.
Technical selling in corn & wheat, report positioning and hope on the Black Sea Export deal. Soybeans rebound w/meal making new highs on Argentina crop concerns. Cattle up with strong cash. Profit taking in hogs.
AgDay TV Markets Now: Randy Martinson of Martinson Ag Talks About How the February Crop Insurance Prices May Impact Planting Decisions.
Every year, farmers from the Northern Plains make their way to the Alerus Center in Grand Forks, ND...for the CHS Ag Services Ag Industry Day where they got an update on weather, agronomics and markets for 2023.
A mostly higher close except wheat, w/ more short covering in corn and beans but how much more recovery will we see? Cotton prices firmer, while cattle up following cash. Shawn Hackett, Hackett Financial Advisors.