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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Shawn Hackett, Hackett Financial Advisors says wheat finally saw profit taking on Monday and was due for a correction. Soybeans ended slightly higher, pushed by meal.
Winter wheat sees some profit taking Monday pulling down corn. While Shawn Hackett, Hackett Financial Advisors says soybeans follow meal higher. Profit taking in cattle. And what’s driving the rally in metals?
Cattle start higher on strong cash before end of month profit taking sets in. Corn and wheat also consolidate with an eye on weather while soybeans move higher. Brad Kooima, Kooima Kooima Varilek has details.
Darren Frye, Water Street Solutions, says the wheat rally came on weather and technical buying, which also helped corn and soybeans post a higher week. He’s not sure it can continue without a bigger weather issue.
Grains end mixed Friday but higher for the week led by wheat. Cattle make new highs for the move helped by stronger cash. Can the markets continue to move higher? Darren Frye, Water Street Solutions, has the answers.
Gulke Group president Jerry Gulke explains why he made the last-minute decision to switch 200 acres of corn to soybeans.
Wheat continues to rally while row crops ease, all watching weather says Allison Thompson of The Money Farm. Cattle build on Thursday’s reversal on better cash news.
AgDay Markets Now: Alan Brugler Says Wheat Pulls Corn Higher but It Might Have its Own Bullish Story
Alan Brugler, Brugler Marketing says wheat, corn and cattle close higher Thursday.
Grain and livestock close mixed Thursday. Alan Brugler, Brugler Marketing says wheat rallied for a 6th day pulling along corn and may still have some upside. Cattle recover with the help of better cash news.
Cattle futures plunge again on HPAI news but Scott Varilek, Kooima Kooima Varilek says cash is holding together. Hogs fall with cattle. Corn follows wheat but may not take out the top of the trading range.