Market News
Coffee Prices Retreat as Long Liquidation Emerges
Barchart14 minutes ago
May arabica coffee (KCK24 ) this morning is down -5.55 (-2.24%), and May ICE robusta coffee (RMK24 ) is down -110 (-2.60%). Coffee prices this morning gave up an early advance and moved lower after a stronger dollar sparked long liquidation in coffee futures following this week's sharp rally. Coffee...
Worry of partial collapse of erupting Indonesia's Mount Ruang raises concern of potential tsunami
Fox Weather15 minutes ago
JAKARTA, Indonesia – A volcano in Indonesia has recently experienced a series of powerful and explosive eruptions, prompting concerns of a potential tsunami.Mount Ruang on Tagulandang Island, one of the Sangihe Islands located off the northern coast of Sulawesi, has erupted at least five times since Tuesday, the Volcanological Survey...
Grain Markets: Will Soybean, Corn, and Wheat Prices Rebound Anytime Soon?
Barchart20 minutes ago
I joined Michelle Rook on Agweb's Markets Now earlier today to discuss the soybean, corn, and wheat markets. We also chatted about the U.S. dollar, oil, the stock market, and cattle prices.
Ample US Oil Supplies Weigh on Crude Prices
Barchart26 minutes ago
May WTI crude oil (CLK24 ) this morning is down -0.51 (-0.62%), and May RBOB gasoline (RBK24 ) is down -2.36 (-0.86%). Crude and gasoline prices this morning extended Wednesday's losses, with crude sliding to a 3-week low and gasoline falling to a 2-week low. A stronger dollar today is...
Solid US Economic News and Strong Earnings Boost Stocks
Barchart56 minutes ago
The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.71%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.31%. US stock indexes this morning are moderately higher. Stocks are finding support on...
Slow and steady rain a welcome delay
Brownfield Ag News1 hour ago
A southwestern Wisconsin farmer is glad to see this week’s steady, light rain. Darin Von Ruden farms in the hilly driftless region near Westby, and he says topsoil moisture is adequate, but subsoil levels are not good, so this week’s slow and steady rain is welcome. “We like those one-inch,...
Dollar Gains on Higher T-Note Yields
Barchart1 hour ago
The dollar index (DXY00 ) this morning is up by +0.08%. The dollar today recovered from early losses and moved higher after T-note yields climbed on signs of strength in the US economy after weekly jobless claims were unchanged and the Apr Philadelphia Fed business outlook survey unexpectedly rose to...
CHS announces intent to purchase eight Cargill grain facilities
Brownfield Ag News1 hour ago
CHS, Inc. has announced plans to purchase eight Cargill grain facilities in five states to optimize its supply chain. CHS says the deal will also improve market access and value for its owners. The facilities included in the sale are located in Minnesota (Pipestone and Maynard); Illinois (Morris and Seneca);...
Senators continue to urge Biden administration to prioritize E-15
Brownfield Ag News1 hour ago
A member of the U.S. Senate Ag Committee says expanding the use of E-15 sends important signals to consumers and the energy industry. Sherrod Brown of Ohio is part of a bipartisan group of Senators who recently sent a letter urging President Biden to permit the summertime sale of the...
Stocks Pressured by Higher Bond Yields and Chip Stock Weakness
BarchartThu Apr 18, 9:06AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.43%. US stock indexes this morning are mixed, with the Nasdaq 100 falling to...
Grain Markets Stuck in a Rut
AgWebThu Apr 18, 7:40AM CDT
Soybeans Head Back Lower to Start Thursday
BarchartThu Apr 18, 7:29AM CDT
Soybeans are posting losses of 6 to 8 cents this morning following overnight trade. They saw 1 ½ to 5 cent higher trade on Wednesday, as there was some recovery in the product values. Soymeal ended the day with contracts up $1.20 to $3.40/ton, with Soy Oil 1 to 9...
Cattle Traders Look to Square Up Ahead of Friday’s CoF Report
BarchartThu Apr 18, 7:29AM CDT
Live cattle futures were down a tick to as much as 60 cents in the 2024 contracts on Wednesday with the 2025 futures up 7 to 45 cents. Cash action has been quiet this week. The Central Stockyards Fed Cattle Exchange saw no sales on the 1,376 head listed, with...
Hogs Switch Focus to Thursday
BarchartThu Apr 18, 7:29AM CDT
Hogs were mixed on the Wednesday trade session, as contracts were anywhere within 10 cents lower to 47 cents higher. USDA’s National Average Base Hog negotiated price was up 9 cents at $89.13 in the afternoon report. The CME Lean Hog Index was another 25 cents higher at $90.98 on...