AgMaster Report - Thursday, April 10 May Corn has displayed impressive bullish divergence – rallying 30 cents off its trading range lows – despite the tariffs.
Grains Report - Thursday, April 10 Rice closed higher again as the U.S. will negotiate on tariffs with all countries except China.
The Commodities Feed: The Tariff Pause Trump surprised markets with a 90-day pause in reciprocal tariffs for most trading partners. This provided a boost to risk assets, including commodities. However, there’s still plenty of uncertainty as the US again increased tariffs on China.
Softs Report - Wednesday, April 9 Cotton was lower in a further response to the Trump tariffs that threaten to greatly increase the costs of imports from China and Vietnam among other things.
The Commodities Feed: Downside Risks Persist Risk of further escalation in trade tensions between the US and China poses increased downside risks to the commodities complex.
Grains Report - Friday, March 7 Rice closed lower after trading to new lows for the move earlier in the session.
AgMaster Report - Wednesday, Feb. 19 Mar Corn has breached the upside of its recent sideways pattern (470-500) today.
Elliott Wave Technical Analysis: Wheat - Thursday, April 3 Wheat extended its long-term bearish cycle in February, aligning with the broader trend that has persisted since March 2022.
AgMaster Report - Wednesday, April 2 For most of March, April Hogs have been locked into a tight trading range (85-88) supported by the upcoming strong “cook-out” demand period.
Grains Report - Wednesday, April 2 Rice closed mixed yesterday, with the trade reacting to less than expected stocks but higher than expected intended area planted from USDA.
The Commodities Feed: Secondary Tariff Threats Push Oil Higher Oil prices rose yesterday as the US threatened secondary tariffs on Russian and Iranian oil.
Grains Report - Friday, March 28 Soybeans and the products closed higher, with Soybean Oil the strongest part of the complex.
AgMaster Report - Thursday, March 27 May Beans have been confined to a tight range for most of March.
Grains Report - Wednesday, March 26 Rice closed lower, with trading slow before the USDA stocks in all positions report and the prospective plantings report coming on Monday.
Grains Report - Monday, March 24 Soybeans and the products closed higher and Soybean Meal was the weakest link as basis levels remained firm in Brazil.
Grains Report - Friday, March 21 Palm Oil futures were lower on what appeared to be speculative long liquidation before the weekend.
AgMaster Report - Wednesday, March 19 May Beans have rallied 30 cents in the last -5 days, as U.S. Beans have become competitive with Brazil Beans in the World Market.
Grains Report - Wednesday, March 19 Rice closed a little higher after a slow and choppy session.
The Commodities Feed: US Dollar Weakness Provides Some Support A weaker US dollar provided some support to the commodities complex yesterday. However, markets remain sensitive to external developments.
Grains Report - Wednesday, March 5 Soybeans and the products closed lower in response to the big crops hitting the market from Brazil and as the tariffs were imposed on our largest customers on the export front yesterday.
The Commodities Feed: Tariff Uncertainty Intensifies Commodities and risk assets in general are under pressure as trade policy uncertainty intensifies
The Commodities Feed: OPEC+ Set To Increase Supply Oil prices are weaker as OPEC+ confirms it will start reversing supply cuts, while tariff uncertainty is also hitting sentiment.
AgMaster Report - Wednesday, Feb. 26 Mar wheat broken 45 cents (610-565) – along with March corn but for different reasons.
The Commodities Feed: Supply Risks Vs. Peace Talks Despite the start of talks between the US and Russia, oil prices edged higher with supply risks dominating the market.
