AG MARKET UPDATE: SEPT 30 – OCT 27
Corn has continued to trade range-bound between $4.10 and $4.30 with a nice recent run to the top of the range. Follow through buying to push towards $4.50 will be needed as harvest heads toward a finish and the large supply coming out of the fields. All crops got a boost after positive news from Secretary Bessent over the weekend saying China will be buying US soybeans (and assume other commodities as well). The market still has downside risk with a large US crop and global economic issues that for now are not flashing major warning signals but the market ...
LEONARD LUMBER REPORT: What is the definition of insanity?
Recap: What is the definition of insanity? Hoping the market will rise to get a better hedge in place. That's where the trade was coming into last week, only to see the market give back over two weeks of gains in a few minutes. What made it worse is that the market continued to decline for the rest of the week. The January contract settled at 619.50, which is still a good place to hedge, barring any shutdown announcement. The fundamentals point to a well-supplied pipeline. This is early in the cycle and will need a pickup in demand to ...
Harvest, Hedging, and History: Navigating Agricultural Markets from Grain Elevators to Futures Contracts
In this episode of The Hedged Edge, hosts Jeff Eizenberg and Ben Hetzel dive deep into the heart of agricultural markets with special guest Fred Seamon from CME Group. As harvest challenges mount with record-breaking rainfall across the Midwest, the conversation spans centuries of market innovation—from the early days of Chicago's grain trade to cutting-edge futures contracts. Fred shares fascinating insights into the historical development of commodity exchanges, explaining how farmers went from local merchants to global market participants. The discussion explores critical topics including harvest logistics, railroad transportation, the evolving role of the USDA, and emerging market tools like ...
Global Fertilizer Markets: Supply Challenges, Trade Dynamics, and Agricultural Pricing Strategies
Dive into the complex world of agricultural markets with Jeff Eizenberg and Ben Hetzel as they explore current corn and soybean pricing trends, harvest dynamics, and the global fertilizer landscape. Special guest Jon Berglund from Prairie Land AG provides expert insights into international supply chains, trade challenges, and the factors driving fertilizer prices. Learn about the intricate relationships between global politics, agricultural production, and market strategies that impact farmers today. _______________________________ _______________________________ Listen on the radio at KNDC Radio and KBJM Radio Check out the complete Transcript from our latest podcast below: Global Fertilizer Markets: Supply Challenges, Trade Dynamics, and ...
Leonard Lumber Report: The extreme sideways trade continued last week
Recap: The extreme sideways trade continued last week. Futures dropped a quick $20 then recovered half by Friday. That is nowhere near what the industry experienced a few years ago, but it’s notable when margins are laser thin. The best way to summarize last week’s move was that prices fell to close the gap and then rebounded. The market was actually heading $40 lower, but was saved by another rumor. Today we’re holding a higher trading level based on business, and that must be respected. Is it better for a week or a month? For now, we hope it lasts ...
