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
Wheat makes new highs for the move and then ends well off its highs. DuWayne Bosse, Bolt Marketing, says the trend is still higher but the bull will need to be fed with more bullish news to keep going.
Wheat ends higher put off highs, so is the market getting tired? DuWayne Bosse, Bolt Marketing, says the global crop concerns may be priced in. Meanwhile soybeans fall and pull corn down.
Ever.Ag Insights president Phil Plourd, says “It is a street fight, in terms of figuring out ways to stay relevant, to get more productive, to stay ahead of the curve to manage risk better.”
Wheat makes new highs for the move on Russia crop concerns, while corn and soybeans struggle. Cattle are mostly higher after the COF, with hogs making new lows. Randy Martinson, Martinson Ag, has more.
Garrett Toay, AgTrader Talk, says the seasonal highs for corn usually come in the third week of June. However, with funds nearly flat the big determinant of future direction will be weather and the June Acreage Report.
Gulke says, all of the winter predictions for the grain and oilseed market haven’t come true. “So suddenly we’ve kind of turned upside down to where conventional wisdom was almost 98% wrong.,” he says.
Grains end mostly higher Friday with pre-holiday trade but also holding weather premium. Cattle traded mostly lower ahead of the COF Report despite some record cash in the North. Garrett Toay, AgTraderTalk, has more.
Cattle futures fade the record high cash trade on caution ahead of the Cattle on Feed Report. Hogs still searching for a low. Grains chop pre-holiday eyeing weather. Scott Varilek, Kooima Kooima Varilek, has more.
Allison Thompson, The Money Farm, says, “On the weather side we are looking for a pretty wet weekend and brings up question about whether farmers will switch corn acres to beans or take prevent plant.”
Corn and wheat end higher still trading weather concerns in the U.S. and globally, but corn exports were also strong. Allison Thompson, The Money Farm, says, both markets are up challenging chart resistance.