Below you'll find a list of all posts that have been categorized as “Commodities”
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 …
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 …
