Markets Now Closing Markets -3-28-24 Audio
Corn ends higher after bullish numbers in the USDA Reports including the 90 million acre corn estimate. So where do prices go from here? Soybeans end slightly lower as acreage was in line with trade guesses but quarterly stocks were above the mark by around 20 million bushels. Wheat ended with w…
Markets Now Midday Markets and Report Analysis 3-28-24
USDA Report surprises the market with a bullish corn acreage number of 90 million acres, down 4.61 million from last year. Soybeans at 86.5 million, down 3 million from 2023. All wheat acreage was down from last year at 47.5 million, but above estimates. Quarterly stocks were bullish for corn co…
Markets Now Early Markets 3-28-24
Grain and livestock markets see 2-sided trade Thursday morning ahead of month end and USDA data. What will the markets trade after the reports? Randy Martinson, Martinson Ag, has insight.
Markets Now Closing Markets -3-27-24 Audio
Corn and soybeans see pressure again Wednesday with growing concerns about the USDA reports and idea the trade will see big stocks but also more corn acres than anticipated. Soybeans also saw pressure as AgroConsult upped Brazil soybean production 4 million metric tons to 156.5 mmt. Wheat ends mi…
Markets Now Early Markets 3-27-24
Corn and soybeans continue to see technical selling pressure ahead of USDA reports but also with uncertainty tied to HPAI and the Baltimore port closure. Plus, China is liquidating more of their sow herd. The HPAI news has also been negative for cattle while hogs are higher being spread against c…
Markets Now Closing Markets -3-26-24 Audio
Grain and livestock futures were mostly lower Tuesday with uncertainty surrounding the HPAI cases in dairy herds as well as the Baltimore port closure. However, end of quarter and report positioning were also evident. Chuck Shelby, Risk Management Commodities, has details.
Markets Now Early Markets 3-26-24
Grains are mostly lower except for fractional gains in corn. Soybeans are seeing corrective selling, plus end of month and quarter and report positioning. Cattle are hitting new lows for the move with the Cattle of Feed bearishness and the news of HPAI confirmed in dairy cattle. Hogs are higher …
Markets Now Closing Markets -3-25-24 Audio
A mixed close in both grain and livestock futures. Soybeans did end 11 to 17 cents higher following the rally in soybean oil and palm oil. Soybeans and products also saw end of month and quarter short covering. Corn tried to follow soybeans but failed and are trading range bound waiting for the …
Markets Now Early Markets 3-25-24
Grains are mostly higher except corn early as soybeans follow soybean oil. Wheat is building some war premium. We also see end of quarter and report positioning. Cattle trade lower early in reaction to the bearish placements in the Cattle on Feed report, but are well off session lows. Short cov…
Markets Now Closing Markets -3-22-24 Audio
Grain and livestock futures end mixed on Friday. Oliver Sloup, Blue Line Futures, has the end of week wrap.