Below you'll find a list of all posts that have been tagged as “agricultural markets”
This afternoon’s cattle on feed report could at least stabilize cattle futures at recent lower levels. As if the extended heat were not enough for cattlemen to battle across the country, open interest in live cattle futures has plunged to the lowest level of the year. Feeder cattle index is now the lowest since mid-January. Heavy selling reappeared around midweek, …
Grain traders have shown reluctance to build additional weather premium into futures at this point, but temperatures returning to 100 degrees or more this weekend and into next week can certainly change that. Bottom line analysts say December corn needs consecutive closing over $4.76 to keep the upward momentum in place. August is soybean month, but another forecaster is holding …
The Federal Reserve Board concludes their two-day July meeting a week from today, with no move expected in interest rates. CME FedWatch Tool shows an 83% chance the Fed will leave rates unchanged, still a 17% chance of a small rate hike. Now, the Fed doesn’t meet in August. CME, though, is looking for some action at the September 15th-16th …
It’s taken some time, but world focus shifting from the Strait of Hormuz to what may be a bigger story by the end of the year, the Black Sea area. Ukraine has quietly developed drone technology, but the result’s anything but quiet. As many as 150 Russian-linked ships have been hit since shelling began, shutting down some key ports in …
We’ve mentioned several times on this program that history shows December corn can top 7 to 10 days before the 4th or 7 to 10 days after. Analysts wonder if that has happened this year. The run-up in corn and beans early week has faded some here late week so now watching December corn 368, 369, all highs from this …
Corn futures at six-week highs, at mid-week soybeans seven-week highs, and the hot, dry weather is extended. Some private forecasters are already pulling back the top end of yield potential for corn and soybeans, we are told. Bottom Line analysts say that even a one-bushel-per-acre decline in the national soybean yield drops new crop ending stocks by over 70 million …
The bacon, lettuce, and tomato season is going to help an already surging pork trade. Meanwhile, cattle trade battling three-month lows. We’re starting to see more fresh produce stands along the roadsides as we move deeper into July. Lean hog futures at four-week highs now in mid-July, even with ample supplies and heavier weights. BLT season certainly going to help, …
Tomorrow’s monthly crop report could be pushed aside by changing weather forecasts. The July report historically can be a non-factor, always squeezed between the quarterly stocks and final acreage numbers that come at the end of June, and the August report that for the first time is based on actual field surveys and not computer models. That report, by the …
Superior Livestock’s biggest sale of the year kicked off yesterday. It’s their week-long week in the Rockies. They expect over 240,000 head of cattle, calves, and bred-stock offered before the gavel comes down Friday afternoon, so it’s a good market test. We watched August Live Cattle and August Feeder Cattle. Both have followed a similar price path. Both reached their …
World events certainly affect grain, and livestock markets all year long, but as we move deeper into July, weather takes more of a spotlight for both. Markets back open today after the holiday. We hope it was a great weekend for family and friends. We mentioned in a report last week that December corn historically reaches a top 10 to …
