Below you'll find a list of all posts that have been categorized as “Commodities”
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 …
We join others never forgetting those lost 25 years ago this day, coordinated terrorist attacks in New York, Washington DC, and those who thwarted an additional attack crashing in a field in rural Pennsylvania. We pause and we remember. This is the Bottom-Line Report. A monthly supply demand and production estimate seems less urgent today, yet the grain trade awaits …
StoneX released updated production estimates ahead of USDA numbers that come tomorrow morning, and they still see a national corn yield just short of 183 bushels an acre, three bushels above USDA’s August number, 10 bushels above the pro-farmer number. StoneX places the corn yield nationally 182.9, and a crop over 16.2 billion bushels. Their soybean estimates more in line …
Custom harvest rates, of course, can vary from state to state and crop to crop. Universities suggest custom operators carefully figure the cost of fuel this year before figuring a final rate. To be helpful, University of Illinois suggests a custom rate for corn, $54.40 an acre. Soybeans, $47.60, including overhead, fuel and labor. Iowa State University shows $50.60 an …
Late week highs in corn, soybean, and wheat futures could be new targets going into the September crop report from USDA a week from today. Watching December corn at the 550 level, November soybeans 1324-1325. Most analysts expect USDA to come below the pro-farmer corn number and at or maybe a little below their soybean number. Several producers that I’ve …
