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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Grains end lower on Monday on weather forecasts for rain in the corn belt and increased farmer selling. Randy Martinson, Martinson Ag says cattle saw short covering.
Cattle see a short covering bounce after a lower week and with less war fear says Brad Kooima of Kooima Kooima Varilek. Hogs continue to see fund liquidation.. Grains retreat on farmer selling & weather.
Chip Nellinger, Blue Reef Agri-Marketing, says it was a true money flow or “Get Me Out” day Friday. While it caused a short covering rally in grains, he’s not sure it can be sustained.
Commodity and financial markets saw another volatile week. What’s triggering it? Jerry Gulke, president of the Gulke Group points to a couple possible clues.
Grains sharply higher Friday, as livestock, financial markets and many other commodities melt down. It was a money flow or “Get Me Out” day says Chip Nellinger, Blue Reef Agri-Marketing.
John Heinberg, Total Farm Marketing says USDA is slow playing it because the last two years they’ve ended up having to raise South American production after making cuts and they don’t want to do that again.
Grains end lower after a disappointing WASDE particularly South American numbers. John Heinberg, Total Farm Marketing, says corn and soybeans did technical damage opening the door for more fund selling.
Grains slide after USDA disappoints with U.S. ending stocks, but especially punting on South American production. Jim McCormick, AgMarket.Net, discusses why USDA is so far above Conab and RGE.
Scott Varilek, Kooima Kooima Varilek, says cattle futures are lower digesting BIAV news, while hogs recover, and grains are lower except corn following exports and South American crop estimates.
Mark Schultz, Northstar Commodity, says unfortunately it will take large production cuts in Brazil’s corn and soybean crop for prices to rally because of the large carryover in the U.S.