Below you'll find a list of all posts that have been categorized as “Commodities”
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 …
The August crop report next Wednesday. Some private forecasters slowly taking the top of national corn yield. Looking at the August report, an important one for the corn trade especially as the crop has pollinated for the most part and is filling ears now. USDA during the month of July has collected farmer surveys and also using satellite imagery to …
Yesterday we reviewed our list of 48 commodities and how they fared during the month of July. Today we look at the big picture, how rankings change when looking back year to date with seven months now in the books. Energies, no surprise, remain 1, 2, and 3 after seven months. Heating oil, number one, crude oil, and gasoline. Soy …
Reviewing our list of 48 commodities that we track each day here at the Bottomline Report, grains and livestock switched positions as the month of July came to a close. During the month, the only grain ending in the red, as a matter of fact, was oats, down nearly 4%. Extended hot, dry weather helping soybeans gain 5% for the …
The Strategic Petroleum Reserve was established in 1975 to protect the U.S. from oil supply disruptions. The current supply in the reserve is the lowest in over 40 years. Strategic Petroleum Reserve fell another 5 million barrels last week. This is the 17th week in a row of a weekly drawdown, and it leaves total reserves at just 311 million …
