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Marketing Corner
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Market News
Cocoa Prices Give Up Early Gains as Nigerian Cocoa Exports Increase
Barchart13 minutes ago
July ICE NY cocoa (CCN24 ) this morning is down -451 (-4.09%), and May ICE London cocoa #7 (CAK24 ) is down -202 (-2.06%). Cocoa prices today gave up an early advance and fell sharply on an increase in cocoa supplies. Nigeria, the world's fifth largest cocoa producer, reported today...
Coffee Prices Supported by Weather Concerns in Brazil and Vietnam
Barchart40 minutes ago
July arabica coffee (KCN24 ) this morning is up +2.70 (+1.20%), and July ICE robusta coffee (RMN24 ) is up +61 (+1.43%). Coffee prices this morning are moderately higher, with July robusta posting a new contract high. Robusta coffee prices are seeing support from concern about tight robusta supplies from...
Southern Illinois farmer focused on corn
Brownfield Ag News48 minutes ago
A southern Illinois farmer says their planting season is well underway. Ralph Voss, who farms in Clinton County, outside of Carlyle, tells Brownfield… “We’re about half done with corn and ain’t put a bean in the ground yet,” he says. He says field conditions have been ideal. “They’re a garden!” ...
Energy Demand Concerns Weigh on Crude Prices
Barchart56 minutes ago
June WTI crude oil (CLM24 ) this morning is down -0.50 (-0.59%), and May RBOB gasoline (RBK24 ) is down -1.79 (-0.66%). Crude and gasoline prices this morning are moderately lower on energy demand concerns after US Q1 GDP growth rose less than expected. Losses in crude are limited after...
Officials optimistic about trade opportunities in India
Brownfield Ag News1 hour ago
USDA Undersecretary for Trade and Foreign Agricultural Affairs Alexis Taylor is optimistic about future trade opportunities with India. Taylor told reporters during a call Wednesday that the country reduced tariffs on several agricultural products (almonds, apples, chickpeas, lentils, walnuts, blueberries, cranberries, turkeys, and frozen duck) in 2023. “USDA estimates that...
Corn markets looking for news
Brownfield Ag News1 hour ago
A market analyst says the corn futures markets is looking for a reason to push above $4.50. Naomi Blohm, senior market advisor at Total Farm Marketing, tells Brownfield… “If it doesn’t, it doesn’t mean we’re going to crash and burn, but it could mean we see a simple 10 cent...
Stocks Sharply Lower on Tech Stocks Weakness and Stagflation Fears
Barchart1 hour ago
The S&P 500 Index ($SPX ) (SPY ) this morning is down -1.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.79%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.70%. US stock indexes this morning are sharply lower, led by weakness in technology...
Interest rate cuts unlikely, economist says
Brownfield Ag News1 hour ago
An ag economist says higher interest rates are one of the biggest risks facing the ag industry. Dennis Shields is the chief economist for the Farm Credit Administration. “For the ag industry in particular, these elevated interest rates push up production costs and especially those with variable rates.” He tells...
Dollar Moves Higher as T-Note Yields Jump and Stocks Falter
BarchartThu Apr 25, 9:37AM CDT
The dollar index (DXY00 ) today rebounded from a 1-1/2 week low and is slightly higher. The dollar saw support today after bond yields jumped when today’s US economic news showed signs of persistent inflation and labor market strength, hawkish factors for Fed policy. Also, today’s slump in stocks has...
Cattle Break Again on HPAI News: Corn Follows Wheat Higher, Soybeans Fall on Weak Exports
AgWebThu Apr 25, 9:36AM CDT
Favorable short-term weather outlook for Delta region
Brownfield Ag NewsThu Apr 25, 9:30AM CDT
An atmospheric scientist says short-term weather outlooks show increased chances of precipitation across the Delta region. Matt Makens tells Brownfield it could also bring some severe storm systems. “We could get a system that douses that region tropical wise,” he said. “But if you take that element out – let’s...
Wheat Futures Hit 4-Star Resistance Overnight
AgWebThu Apr 25, 9:20AM CDT
Naig recaps 2024 Iowa Legislative Session
Brownfield Ag NewsThu Apr 25, 9:14AM CDT
Iowa’s 2024 legislative session has ended and state ag secretary Mike Naig says a number of agricultural priorities were supported. “A continued investment in sustained efforts around water quality and soil conservation. We had asked for an increase and received that in our foreign animal disease work. We had asked...
Stocks Tumble on Tech Stock Weakness and Signs of Persistent Inflation
BarchartThu Apr 25, 9:02AM CDT
The S&P 500 Index ($SPX ) (SPY ) this morning is down -1.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.43%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.83%. US stock indexes this morning are sharply lower, led by weakness in technology...
Chart of the Day: Antero Resources - Very Mixed Views
BarchartThu Apr 25, 8:55AM CDT
The Chart of the Day belongs to the oil & gas company Antero Resources (AR) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used...
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