Below you'll find a list of all posts that have been categorized as “Commodities”
We share interesting data looking at December corn futures. December corn has never set an annual high for the year during the month of March. The high last month, $4.98 and a half. So, history shows producers should expect an annual high over $5, likely within the next 60 to 65 days. Since history also shows December corn seldom sets a new high …
The grain trade has had two days now to react to the acreage and stocks numbers from Tuesday. We expect a mostly quiet end to the trade today ahead of the Easter weekend. Looking at this grain trade, first weekly crop progress report of the season is next Monday afternoon, and with April showers, early fieldwork delayed, but rain is going to …
We track 48 commodities on a daily basis at the Bottom Line Report. Grains, livestock, energies, financials, and more. Now with three months in the books as we begin the second quarter, our list showing that energy is clearly leading the way. Heating oil, crude oil, gasoline, and natural gas. One, two, three, and four on that list of 48. But right behind and …
Wall Street trying to break a long losing streak, only three more days to trade this week before the Easter holiday. Tomorrow, with the first quarter in the books, we review our list of 48 commodities and how they have fared since New Year’s. But meanwhile, Wall Street has seen lower weekly closes four weeks in a row now. In fact, the S&P 500 …
The calendar turns to April next Wednesday. USDA’s first weekly crop update comes the following Monday, but state ag departments continue their weekly updates and the early picture for winter wheat shows damaged caused by temperature fluctuations the last 30, 45 days. Top producing state, Kansas, reporting good to excellent ratings now below 50%, well below USDA’s fall rating, 62%. And in fact, the lowest early spring …
Spring arrives on the calendar tomorrow, but it feels more like late summer in many areas of the country. Areas early week that were shoveling snow in the northern belt could be setting record highs tomorrow and Saturday. Sioux Falls, South Dakota, Minneapolis and Madison, Wisconsin all could set highs after snow earlier in the week. Agronomists say the warm weather should help no-melt …
Grain and livestock futures remain weaker, though we think they’ll be more stable as we move toward Friday. A disappointing February soybean crush number only adds to uncertainty in the soybean complex, President Trump hinting that that March 31st meeting in Beijing could be delayed if China doesn’t help with security in the Strait of Hormuz. A delay in that meeting only delays a …
Labor issues at that JBS beef plant in Colorado plowed an otherwise positive beef trade in our review. Beef packer margins improving here last week. By the way, happy St. Patrick’s Day. The Irish and friends of Irish, heavy consumers of beef and various beverages as well. But spring coming up here at the end of the week, and that consumer demand we …
Market fears continue to ease, a far cry from where we started the week. Monday this week, that VIX or fear index on Wall Street was soared past 35, the highest since COVID days in 2020. Today, that index dropping back toward 20, indicating a lot more calm on Wall Street, though 1516 is an accepted number. Likewise, crude oil near $120 a barrel …
Bottom Line analysts say the initial spike in crude oil has run its course for the most part in their view, but it will have a long tail, as they say. Prices stabilizing near $100, with a very slow decline. Countries and governments making alternative plans. Grains have followed higher from a distance. Really no news on their own to warrant such an increase, …
