Below you'll find a list of all posts that have been categorized as “Economy”
Hard times continue in the cotton market. It dropped from 93 cents to 78 cents a pound and they are saying now that the Texas crop is now rated 49% poor or very poor, Oklahoma 55% poor. Elsewhere there’s only just a few exceptions. The crop is at least 50% good to excellent. Beltwide the crop is 36% good to …
If this afternoon’s quarterly hogs and pig report is considered neutral by the trade, it could provide support to hog futures. CME’s latest lean hog index, the lowest since late January. Managed money traders hold record short positions, with over 31,000 contracts. Bottom line analysts suggest that we may have established a bottom December lean hog last week near that …
Let’s look at the cotton for this week. It looks like the cotton market which jumped up to 93 cents a pound has stopped. It’s lost 10 cents a pound in the last week. The 2026 crop for cotton was cut 410,000 bales from the August estimate according to USDA. Both acres as harvested and yield were reduced. The U.S. …
Gold futures continue to inch toward lows from early November of last year, many analysts suggesting it could be an area to buy. The Dow is off to its worst September start since 2008. Ten-year U.S. Treasury yields, their highest since 2007. Energy prices have risen by over 30% since just the 4th of July, and in this environment, a …
The U.S. Department of Agriculture is offering an early look at the cattle market outlook for next year. In this report, Mark Jekanowski, chair of the World Agricultural Outlook Board, discusses USDA’s latest forecast for 2027 beef production and steer prices. “For 2027, we have a reduction of about 150 million pounds this month for beef production, reflecting our expectations …
Well, how are the peanut markets doing? According to the American Peanut Council, the latest data shows that the U.S. is holding steady despite some headwinds. They said total exports for July 26 were 12,944 metric tons. This is up from last year’s 10,703 metric tons during the month of July. Also, the year before that, 24 was 10,545. So, …
This afternoon’s monthly cattle on feed report expected to show more cattle on feed, perhaps more important, more cattle being fed longer. Average estimates show the cattle on feed up one to two percent from a year ago. Bottom-line analysts add that the number of cattle on feed more than 150 days will be over three and a half million …
The grain trade looks to have found some support levels that look to hold longer term. Looking at the grain trade today, December corn holding the 5.15 level or better into next week. November soybeans 12.75 or better. And looking at the wheat trade in Chicago, December 7.18 or better. Elsewhere, that VIX or fear index on Wall Street, back …
The U.S. Department of Agriculture has released its September supply and demand estimates, providing an updated look at the nation’s corn outlook. In this report, World Agricultural Outlook Board Chair, Mark Jekanowski discusses the latest changes in the domestic corn balance sheet. “Looking ahead to the new marketing year, reduction in yield by about 2.2 bushels per acre, and it …
Last Wednesday, CME’s FedWatch tool showed a 60% chance of a quarter-point rate hike by the Fed this week. Since then, an almost uninterrupted rise in energy prices and lower trends on Wall Street has that percentage now at 88% chance of a quarter-point hike today, an analyst suggesting another quarter-point hike by December. In the grain trade, rain chances …
