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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
USDA’s Quarterly Stocks report on Tuesday provided a bearish surprise for the corn market.
Tommy Grisafi with Nesvick Trading says corn and soybeans saw selling late in the session on harvest pressure. However, soybeans had a higher weekly close pushed by President Trump’s renewed ideas of a China deal.
Scott Varilek with Kooima Kooima Varilek says it has been another volatile week in the cattle futures but they are still trading sideways and holding the uptrend lines. Grains are pausing after hitting chart resistance.
Bryan Doherty, Total Farm Marketing, says soybeans extended gains off of Wednesday’s reversal on technical buying and short covering but with hopes of a China deal. The trade aid announced will also keep farmer selling at a minimum.
The government is shut down for a second day and so are no reports from USDA, including weekly export sales or flash sales. So what are the grain markets trading?
Randy Martinson with Martinson Ag says grains started lower Wednesday on the government shutdown but soybeans reversed higher after President Trump’s social media post on China.
Dan Basse, Ag Resource Company, says corn stocks were 207 million bu. above USDA’s projected ending stocks which was bearish for the market. Soybeans also made new lows for the move despite a slightly friendly report.
At the Reints farm in northeast Iowa, corn yields have been running higher than last year, but a lot of yield potential was left in the field due to disease, specifically a rare strain of southern rust.
Mike Minor with Professional Ag Marketing says soybeans saw hedge pressure with a dry open weekend for harvest across the Midwest but corn also hit chart resistance.
Brad Kooima of Kooima Kooima Varilek says live and feeder cattle futures are higher early Monday. The cash feeder market has continued to move higher, so will it be able to lead the cattle futures back to new highs?