Markets Now
National reporter Michelle Rook talks daily with industry analysts to break down crop and livestock commodity markets. Listen below to learn what’s happening with the markets when they open, at midday and again at close.
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Soybeans futures extended nice gains from Wednesday with demand optimism surrounding the rescheduling of the China summit for May 14 -15 and the announcement of RVOs says Jim McCormick of AgMarket.Net.
Allison Thompson with The Money Farm thinks the grains markets are starting to divorce from the influence of war headlines and trade their own fundamentals.
EPA waiving fuel from U.S. volatility requirements to allow summer sales of E15 has become standard practice but at least this year it is coming early.
Soybeans were slightly higher early but saw buying accelerate and the bull spreads kick in after the White House announced a new date for the China summit says Kevin Duling of KD Investors.
Action expected within weeks as lawmakers push for post-Easter progress on emergency relief and regulatory fixes.
Jamie Gieseke with Paradigm Futures says the energy and grain markets are still chasing headlines trying to determine a fair prices. However, farmers need to ignore that noise when trying to make marketing decisions.
Mike Zuzolo with Global Commodity Analytics says corn and wheat followed the energy markets but also added weather premium. Soybeans were lower as China has eased its phytosanitary rules to take Brazil beans.
Corn futures were back higher on Tuesday morning following a recovery in the crude oil market says Vince Boddicker with Farmer Trading Company.
Significant increases in energy and fertilizer costs have experts eyeing long-term impacts on corn acreage and farmer profitability.
Brian Grete with CommStock Investments says corn and wheat fell with crude oil as the President announced a 5-day pause in the military strikes in Iran.