Below you'll find a list of all posts that have been categorized as “Commodities”
Bottom Line grain analysts suggest keeping an eye on corn futures, a rally back above $5 from just two weeks ago. December corn reached a 52-week high, $5.06 and a half on May 13th, and quickly backed off toward the $4.80 level, good planning progress, favorable weather in most major areas, and continued uncertainty on any resolution with Iran. Bottom Line analysts say those …
Butter and non-fat dry milk prices started the year in a deep slump, resulting in milk checks that didn’t even cover costs. According to dairy economists at CoBank, June Class IV milk futures have climbed nearly $7 per hundred since New Year’s, trading over $22, they say, an unprecedented move in just five months. Further, analysts at CoBank point to two very different reasons. …
Bottom Line analysts join others suggesting we may see increased cattle placements and increased cattle numbers in the on-feed report this afternoon. Current estimates show total cattle on feed in April could be up two, two and a half percent this afternoon. Placements during April up seven, maybe eight percent. That would be the first month-over-month increase in placements in over two years. Cattle …
Precious metals not all that precious as they were even two weeks ago. Inflation back on the front burner heading into the memorial holiday and precious metals certainly feeling the effects. Still six more days of trade in the month of May after today, but so far for the month gold down over two percent to near 4500 dollars an ounce. That’s the lowest …
More headlines showing up, wondering if these Iranian rumors and elsewhere headlines across the world setting a commodity trap, especially in the live cattle and feeder cattle trade. We take a look at where the live cattle and feeder cattle futures might find some solid support. Big declines here late week and early week, trying to stabilize August live cattle rolling from June to …
Cattle futures are starting the month of May, setting contract highs. May is beef month, as if the beef trade needed any more reason to work higher. Certainly tight numbers showing up in the recent coal storage report. Beef supplies in storage the lowest in 12 years. That total red meat in storage is down 2% from a year ago. June live cattle …
Weekly crop update show planning progress in this area, but still slow north of Interstate 80 in the Northern Belt. Rain, of course, one factor, but April is ending on a chilly side. Soil temperatures still below 50 degrees, many areas north of Sioux Falls, South Dakota. In fact, Ames, Iowa, just last week, surpassed 52 degrees at the 4-inch level. And we …
A longtime axiom in the grain trade is follow oats. Oats knows. Well, if that’s true, there are struggles ahead for all grain producers. USDA’s March acreage report showed oat acres to be the third lowest on record, just 2.4 million acres. It would seem to follow them, fewer acres, reduced supply, that prices would be improving. July oat futures have been range …
Next week’s April Fed meeting shows nearly a 0% chance there’ll be any change in interest rates. The Fed meets next Tuesday and Wednesday, and so a week from today we’ll announce any rate decision. CME’s FedWatch tool right now showing 99.5% chance no change. That’s the highest percentage we have ever seen and yet is understandable with current world events. Looking ahead, there’s …
The second weekly crop progress report of the season yesterday afternoon. Of course, attention on planting progress for the various crops, but also a lot of attention on the improvement or lack of it for winter wheat. Some of the lowest conditions ever for early in April. Major states like Nebraska, Kansas, and that excellent category still below 10 percent. Even the good percentage …
