Below you'll find a list of all posts that have been categorized as “Commodities”
The $1.7 billion SpaceX IPO and Iranian military action have the full attention of traders on Wall Street as we end the week. Bottom Line financial analysts think it’s interesting how many articles have been written the past six months that suggest caution toward participating in today’s SpaceX IPO. Now the numbers are staggering at over $1.7 billion. Bottom Line analysts, though, suggest following …
We keep an eye on winter wheat as harvest continues to roll north. Along with weekly condition ratings, USDA puts out a weekly wheat condition index. It encompasses a variety of factors. The 10-year average for winter wheat in this part of early June, 327. The index this week in Oklahoma scored a record low, 219. But it gets worse as you move north. …
The sell-off in corn futures the last two weeks looks overdone in our view. July corn set a new contract low early week near the $4.12 level. December new crop was closing in on lows from back in August 2024 near $4.38 and three quarters. That sell-off, the second half of last week especially, took net long positions to no more than 60,000 …
The US Department of Agriculture provided an update on the June Domestic and World Commodity supply and demand estimate for June 2026. World Agricultural Outlook Board Chairman Mark Jekanowski explains,” Still are too early to make any major changes for the other commodities like corn, soybeans. Planting is continuing. This time of year we’re going to be sticking to our …
It’s been interesting to watch live cattle and feeder cattle futures reaction to confirmation of a screwworm (NWS) case in Texas last week. A newborn calf in southern Texas, the first confirmed case in the U.S. since 1966. Now, on the surface, one would expect a very negative market reaction, but so far, Trader is looking at further tightening of cattle numbers, lower beef …
Expanded trading limits for live cattle and feeder cattle went into effect on Monday, and although limits have not been tested this week, live cattle and feeder cattle continue under pressure. We look at August live cattle, major support now. We think coming in around 2.33, 2.32. August has hit near that level twice since the 1st of April and …
Bottom Line grain analysts wonder if the grain trade is getting a little ahead of itself here in early June. Corn, soybean, wheat futures all seeing lower lows on a regular basis. Wheat in fact is lower 10 sessions in a row, even with conditions here at harvest the lowest in 37 years. Harvest pressure is here, combines rolling in …
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 …
