Extend feed coverage... We advise livestock producers to cover through January and February for soymeal needs in the cash market. Meal futures have fell to historically value levels and are well off the November highs. Historically, meal prices do not spend much time at or below the $300.0 level. You now have full coverage in cash through February. Check our advice monitor at ProFarmer.com for updates to our marketing plan.
One of Wall Street’s most closely watched investors said Thursday that broader exposure to commodities “makes some sense” as a key index begins to show some signs of life.
“I still think that gold has a place in a portfolio, but I also think commodities broadly have quietly started to rally,” said bond guru Jeffrey Gundlach, founder of DoubleLine, in a CNBC interview after the Federal Reserve delivered a widely expected quarter-point rate cut.
Gundlach said that “for the first time in a long time I turned positive on commodities broadly last week. I think a commodity index makes some sense here.”
The Bloomberg Commodity Index is made up of 24 exchange-traded futures on physical commodities, representing 22 commodities which are weighted to account for economic significance and market liquidity. Gold accounts for 19.4% of the index’s value, while WTI and Brent crude together account for a little over 10% and natural gas for 10.6%. Soybeans are weighted at 5.8%, with soybeans at 4.7%. See the weightings here.
Grain and livestock market bulls have hoped that broader investor interest in commodities could provide the sector a lift. Earlier: A closely watched commodity index just hit a cluster of new highs. What history says happens next.
Gundlach had recommended a 25% gold position in mid-September and then dialed back the allocation in late October, according to CNBC.
Commodities are part of an investment outlook shaped by expectations that the U.S. dollar will continue to weaken in 2026, with the Fed under pressure from President Donald Trump to continue easing monetary policy.
Trump slammed Fed Chair Jerome Powell following Wednesday’s decision and said the cut was “a rather small number that could have been doubled, at least doubled.” A divided Fed votes 6-3 to cut the fed-funds rate by 25 basis points Wednesday, but signaled the central bank may take an extended pause before its next move. Trump, meanwhile, is in the process of interviewing a successor to Powell, whose term as chair expires in May.
Gundlach said Trump’s remarks were par for the course from the president and simply indicate that he will appoint a dovish Fed chair. “We’re going to get rate cuts after Powell is gone and it’s going to weaken the dollar,” he said. Investors should keep that in mind, he said. A weaker dollar has helped lift commodities and non-dollar assets in 2025.
“You should be increasing investments in non-dollar assets,” Gundlach said. “I think this is early innings for the outperformance of non-dollar investments relative to dollar investments.”
Greek farmers disrupt port operations
Dozens of Greek farmers disrupted activity at the regional port of Volos Wednesday as nationwide demonstrations to protest delays in farm aid payments and high production costs continued, Reuters reported.
Farmers have used thousands of tractors and trucks to maintain dozens of blockades for days, disrupting traffic at several junctures along major motorways and at times blocking border crossings in response to a shortfall of more than 600 million euros ($698.58 million) in aid and other payments from the European Union, the report said. The delays are tied to probes into a corruption scandal in which some farmers, aided by state employees, faked land ownership to qualify for payouts, leading to audits that have slowed subsequent disbursements.