Market to Market - Market Analysis

Easing tensions between Russia and the world let off the pressure valve wheat market. For the week, the nearby wheat contract increased 8 cents while March corn added 20 cents. The soy complex approached May of 2021 highs as South American production numbers moved lower. The March soybean contract jumped 56 cents. March meal strengthened $18.50 per ton. March cotton expanded $3.01 per hundredweight. In the dairy parlor, February Class III milk futures shed 33 cents. A mixed week in the livestock sector. April cattle improved $1. March feeders declined $3.67.

Yeager: A movement of troops to the border between Russia and Ukraine had the attention of the grain traders in the United States. For the week, the nearby wheat contract added 37 cents while March corn improved 20 cents. South America's changing weather patterns and predictions of crop damage created volatility in the soy complex. The March soybean contract improved 45 cents. March meal shed $12.90 per ton. March cotton expanded by 98 cents per hundred weight. Over in the dairy parlor, February Class III milk futures declined a $1.58. A mixed week in the livestock sector.

Announcer: Market to Market is everywhere you are. Subscribe to Market to Market on YouTube. Find us on the PBS video app to stream on demand and add our three podcasts on your favorite podcasting app. Yeager: Coming up on Market to Market. The buildup to major government reports receives a mild response, however, warm and wet weather in South America brought back some volatility. The conversation, Naomi Blohm, Ted Seifried, and Matthew Bennett break down the numbers.

Traders seem to think the Plains’ wheat crop is in good enough shape while a series of major USDA reports wait in the wings. For the week, the nearby wheat contract sold off 8 cents while March corn added 14 cents. Changes in weather patterns were not enough to overcome a private estimate of a smaller South American crop. But whoa, Nelly, here came Friday with a volatile session. The March soybean contract jumped higher by 71 cents. March meal increased $25.90 per ton. March cotton expanded by $2.52 per hundredweight. Over in the dairy parlor, February Class III milk futures rose 86 cents.

Grains rallied on weather reports before selling off at the end of this holiday-shortened trading week. For the week ending Thursday, the nearby wheat contract dropped 32 cents while March corn declined a dime. A little re-balancing coupled with mixed reports of moisture in South America impacted the soy complex. The March soybean contract weakened two cents. March meal added $3.20 per ton. March cotton expanded by $5.22 per hundredweight. Over in the dairy parlor, January Class III milk futures improved 84 cents. A mixed week in the livestock sector as February cattle added 35 cents.

We are producing the show on Wednesday with a better understanding of the severity of last week’s storm in the southern Plains and how it has impacted the holiday-shortened trade week. For the week, the nearby wheat contract added 39 cents while March corn improved nine cents. The continued dry pattern in South America and a technical chart move impacted the soy complex. The January soybean contract increased 44 cents. January meal strengthened $23.30 per ton. March cotton expanded by $1.53 per hundredweight. Over in the dairy parlor, January Class III milk futures went up 18 cents.

The weather also played a factor in the trade, both domestic and globally, as different stories developed as the week progressed. For the week, the nearby wheat contract declined a dime while March corn improved three cents. Technical chart bulls were encouraged by action this week in the soy complex as soy oil helped the fundamental side of the ledger. The January soybean contract added 18 cents. January meal increased $12.70 per ton. March cotton expanded by $1.07 per hundredweight. Over in the dairy parlor, January Class III milk futures fell 47 cents.

Hello, I'm Paul Yeager. The economy is a constant work in progress. Inflation, higher inputs and supply chain issues have been the biggest topics the last few months. And we are producing this program on Tuesday and again are taking this opportunity to look at a broader view of the economic landscape. Dr. Ernie Goss is the Director of the Institute for Economic Inquiry and a Professor at Creighton University. And Chris Robinson is owner of Robinson Ag Marketing, a division of TGM Institutional Investor Services. Gentlemen, good to see you both. Good to be here.

The individual wheat contracts have minds of their own as Kansas City took the lead this week, reflecting drier conditions. For the week, the nearby wheat contract added 6 cents while December corn shed 7 cents. The bulls came in mid-week on export news, but lacked fresh information to keep running much higher. The January contract improved 19 cents. December meal added $9.70. December cotton expanded $1.53 per hundredweight. Over in the dairy parlor, December Class III milk futures strengthened 73 cents. A mixed week in the livestock sector. December cattle improved $1.40.

The tightening of world stocks of wheat, a bigger corn crop and a USDA report influenced the trade. For the week, the nearby wheat contract jumped higher by 51 cents while the December corn added 24 cents. The USDA report painted a smaller yield picture for soybeans along with a reduction in exports as the January soybean contract improved by 39 cents. December meal added $29.40 or nearly 9 percent per ton. December cotton expanded 82 cents per hundredweight. Over in the dairy parlor, December Class III milk futures gained 6 cents. A mixed week in the livestock sector.

Better harvest weather and less moisture along with energy sources tugged at the trade. For the week, the nearby wheat contract shed 6 cents while the December corn contract lost 15 cents. Heavy resistance testing in the soy complex as South American beans are racing to completion and being ready for export. The January soybean contract weakened by 44 cents. December meal added a dime per ton. December cotton expanded $2.02 per hundredweight. Over in the dairy parlor, December Class III milk futures fell 96 cents. A green week in the livestock sector. December cattle added $2.52.

A weather market played out on two sides of the trade – too wet for some, too dry for others. For the week, the nearby wheat contract added 17 cents while the December corn contract improved 30 cents. China bought some U.S. beans, but still lagged behind pace to keep up with USDA projections while the planting of the South American crop surged. The January soybean contract gained 19 cents. December meal increased $5.20 per ton. December cotton expanded $6.59 per hundredweight. Over in the dairy parlor, December Class III milk futures fell 91 cents.

Good export numbers were met with technical resistance in the trade. For the week, the nearby wheat contract rallied 22 cents while the December corn contract added 12 cents. The largest week of exports in a year helped stabilize the soy complex. The November soybean contract improved 3 cents. December meal gained $10.80 per ton. December cotton expanded 93 cents per hundredweight. Over in the dairy parlor, November Class III milk futures moved higher by 26 cents. A selloff in the livestock sector. December cattle dropped $2.65. November feeders shed $4.53.

Hello. I'm Paul Yeager. The shock received by this week’s USDA report produced a downward move for the major commodities. The markets tried to shake it off as commodities bounced back at week’s end. We’ve brought in our panel of experts to break down what’s been happening and what might be the next trend. Before we get to our discussion, let’s set the table. Retail sales rose 0.7 percent as consumers spent a little more on clothing, back to school purchases and hobbies. The increases were being made in the face of higher prices as the consumer price index bumped up 0.4 percent.

Traders took a tepid response at news of export sales to Mexico while harvest pressure carried more weight and a return of the “oats knows” comments. For the week, December wheat lost 21 cents while the nearby corn contract decline 11 cents. China appears to be back buying U.S. soybeans while the Brazilians intend to plant more of the crop. The November soybean contract dropped 4 cents. December meal shed $8.20 per ton. December cotton added $5.88 per hundredweight. In the dairy parlor, November Class III milk futures moved 50 cents higher. A mixed week in the livestock sector.