Below you'll find a list of all posts that have been categorized as “Commodities”
With eight months of trade now in the books, we review our list of 48 commodities today and their performance since New Year’s. Surging energy prices continue to have heating oil, gasoline and crude oil remaining numbers one, two and three on the list, but a strong July and even stronger August certainly helping the grain trade move into positive …
USDA has announced the peanut stocks and processing report for the month of July. That’s 12 months now. They show that the use of peanuts is down almost two percent from last year on this same date. The big problem is the build-up from the previous crop year as the equivalent farmer stock in commercial storage is up about a …
We mentioned on this report about a week and a half ago that it would take extended hot dry weather and a bullish Pro Farmer Crop Tour number to push December corn up to and past the 550 level. Now the corn rally is now two weeks old nearly uninterrupted as we begin the first day of September and the …
Bottom-line livestock analysts see live cattle and feeder cattle holding recent lows and looking higher the week ahead. Looking at the week ahead here in the last days of August, bottom line analysts expect October live cattle to hold above the 2.12 level and October feeder cattle holding well above the 3.22, both well above 52-week lows. But we need …
The U.S. Department of Agriculture recently released the 2026 and 2027 milk price forecast. Here is what World Agricultural Outlook Board Chair Mark Jekanowski discussed about the price forecast. “Our class 3 price forecast for 2026 is up $0.10 per hundredweight to $16.25 per hundredweight,” said Jekanowski. “Our class 4 2026 price was reduced $0.25 per hundredweight, is now forecast …
USDA’s monthly cattle on feed report released after the close today, most analysts suggest it will not offer much help to the cash market or futures. In fact, one analyst called the cattle complex a train wreck in slow motion. Bottom line analysts say they must agree with live cattle and feeder cattle futures ending the week near nine-month lows. …
USDA’s stocks and processing for peanuts has been announced with some new numbers lowering the number of peanuts that will go into the market this year because of a cut back in acres. There’s 5.4 billion pounds expected. That’s 2,709,000. That’s down 25 percent with a lower harvested area and offset by higher yield. The higher yield is about 200 …
Well, you might say the grain trade is taking yesterday’s production numbers with a grain of salt. Already looking forward to this September report on the 11th. Yesterday’s report was based on farmer surveys. Surveys that were returned anyway, and satellite data. Now, in the coming weeks, private crop scouts and USDA teams will be heading to the fields and …
The August crop report released at noon today. Most attention on the corn trade. Corn has struggled since reaching highs in mid-July over the 490 level with extended hot, dry weather. Weather since then has been favorable and private estimates that are released keep the national average yield at or near USDA’s 183. In fact, StoneX just last week surprised …
Wall Street, ending the first week of August near or in record territory. Stocks have rallied as companies continue piling up profits and oil prices continue to ease. Despite worries about higher inflation, Iran, Russia, Ukraine, Wall Street is setting records. Stock prices tend to follow the path of corporate earnings over the long term. Interestingly, one of the companies …
