Markets were mixed in very light volume throughout most of the night session, but the tone gradually changed for several reasons. General Comments Markets were mixed in very light volume throughout most of the night session, but the tone gradually changed to higher and then sharply higher prices. There were three primary reasons for the attitude shift today:
The Ukrainian situation looks worse than ever. The U.S. weather pattern doesn't look good for a more rapid planting pace. There are signs that China might be back in the business of buying soybeans.
Funds were moderate buyers of wheat, corn and soybeans.Commodity markets weren't receiving much help from other markets. U.S. financial markets were sharply lower. Most of the mark...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
