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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Joe Kooima of Kooima Kooima Varilek says row crops have had a tough week making new lows — and Friday is off to a similar start.
DuWayne Bosse, Bolt Marketing, says the trade is leaning too bearish heading into the reports, but corn and soybeans have also experienced selling tied to improved weather and other factors.
DuWayne Bosse, Bolt Marketing, says the trade is leaning too bearish heading into the USDA reports, but corn and soybeans just can’t seem to put in a low.
Grains try to bounce after making near term lows Tuesday. Kent Beadle, Paradigm Futures, says markets are trading weather and positioning ahead of delivery and USDA reports.
Don Roose of U.S. Commodities says funds are selling in the grains markets due to bearish technical signals and lower seasonals, plus gearing up for bearish USDA Reports.
Grains see another bloodbath on Tuesday with new lows for the move scored across the complex. Don Roose of U.S. Commodities says funds are aggressively selling and are record short for this time of year.
Grains break to new lows on fund selling says Randy Martinson, Martinson Ag. He says the market is totally disregarding lower crop ratings and flooding in the Northwestern Corn Belt.
Shawn Hackett, Hackett Financial Advisors, says corn and beans took out the March lows and may have put in exhaustion lows. “It looks to me like the grain markets are washed out here,” he states.
Shawn Hackett, Hackett Financial Advisors, says soybeans rally with corrective buying following meal, but corn and wheat end mostly lower ahead of USDA Reports.
Ag markets are mostly lower Monday except cattle and nearby soybeans. The record cash cattle trade is trumping the bearish Cattle on Feed Report, says Scott Varilek, Kooima Kooima Varilek.