Markets Today
Darren Frye, Water Street Advisory, says the Fed cutting interest rates by 50 basis points could be huge for agricultural markets.
Despite the markets pricing in lower interest rates, Arlan Suderman expects inflation to rear its ugly head sometime in 2024.
Drought hit farmers hard in Minnesota this season, so farmers are finding mixed results at harvest. Many are disappointed with soybeans but say their corn yields are better than expected.
The September WASDE was a disappointment for the bulls, especially on corn.
A historic drought has severely cut the size of this year’s crop in Argentina, especially soybeans. Processors will be forced to import soybeans just to stay in business.
Crude oil moves back above $80, what does that mean for interest rates and diesel fuel prices for farmers this growing season?
WASDE Report was bullish for soybeans with a cut in U.S. ending stocks and 8 mmt cut in Argentina production, corn ending stocks bearish, raised 75 mb. Wheat balance sheet unchanged. Jim McCormick of AgMarket.Net.
Natural gas prices rebound Monday after hitting lows not seen in a year. Is the bottom in? John Wenzel, Senior Risk Management Consultant with StoneX has details.
Grains mixed after WASDE. The only change USDA made to U.S. ending stocks was in corn by lowering exports. Brian Splitt of AgMarket.Net has analysis.
Corn and soybeans are pushing higher after some surprises in the September USDA Supply and Demand Report. Wheat mostly lower. Livestock mixed. Michelle Rook gets analysis with Matt Bennett of AgMarket.Net.