Michelle Rook_square.jpg

Michelle Rook

National Reporter

Michelle Rook is a national agricultural reporter and market analyst for Farm Journal’s AgDay and U.S. Farm Report, and she is the host of Markets Now. With expertise in commodity markets, grain trading, and agricultural journalism, she delivers daily market updates and analysis to farmers nationwide. She earned the NAFB Farm Broadcaster of the Year award and the prestigious Doan Excellence in Reporting Award.

Latest Stories
Garrett Toay of AgTraderTalk grain markets traded lower heading into the Fed decision and after the rate hike was announced it rallied to close mostly higher except for corn.
DuWayne Bosse of Bolt Marketing says soybeans retested last week’s contract highs with strong export demand and crush and the market is optimistic about the U.S. China Summit.
Sam Hudson of Cornbelt Marketing says the rally the last two month has been driven by crush and renewed export demand from China.
John Heinberg with Total Farm Marketing says higher product values and strong demand are supporting the soybean futures.
Mike Zuzolo with Global Commodity Analytics says corn and soybeans were supported by strong export inspections and higher energy markets. Wheat fell after the President’s post about Russia and Ukraine agreeing not to target energy and food infrastructure.
Joe Kooima of Kooima Kooima Varilek says while last week’s higher weekly closes send a strong signal a bottom is in place in the cattle market, he’s not ready to say funds will be piling back in to buy yet.
Jerry Gulke president of The Gulke Group says it isn’t surprising to see profit taking in the soybeans with the funds holding a near record long position.
Dan Basse, president of Ag Resource Company, says the corn yield figure was very close to the trade guess and largely priced into the market.
Despite widespread concerns over summer weather damage, USDA’s September WASDE corn yield came in almost exactly where the trade expected, which left stocks-to-use, not yield, as the number driving the market.
Scott Varilek with Kooima Kooima Varilek says the recovery in the cattle market this week feels good but he is watching for several signs to feel confident about sustaining it.