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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Mike Zuzulo with Global Commodity Analytics says farmers and funds have sold in the corn market the last couple of sessions with uncertainty on several fronts, including growing concerns about the USDA reports.
Row crops remained under pressure on supply concerns, wheat was mixed. Cattle recover, so is the panic selling over? Mike Zuzulo, Global Commodity Analytics, has price action.
Since the 1950s, fire departments across the country have used products containing dangerous PFAS to put out fires. But the United Soybean Board has announced a greener alternative made from soybean meal.
Corn and soybeans, plus cattle continue to see technical selling pressure. Report squaring, plus HPAI news and the port closure have been negative for the markets. DuWayne Bosse, Bolt Marketing, covers it all.
Chuck Shelby, Risk Management Commodities, says grain and livestock were mostly lower Tuesday as funds sold with the uncertainty surrounding the HPAI cases in dairy herds as well as the Baltimore port closure.
A mostly lower day Tuesday in grain and livestock futures. Chuck Shelby, Risk Management Commodities, says uncertainty hit the market on many fronts.
Grains are mostly lower on report positioning, while Brad Kooima, Kooima Kooima Varilek, says cattle make near term lows working in the Cattle on Feed Report and HPAI news.
A mixed close in both grain and livestock futures. John Payne, Hedge Point Global Markets, says there was positioning end of month and quarter, plus heading into reports.
John Payne, Hedge Point Global Markets, says, “The intension for the farmers here isn’t always coming through with the USDA realities and I think they’re going to show corn acres closer to 92 to 93 million.”
Grains gear up for end of quarter and USDA reports, while cattle react to the bearish placements in Friday’s USDA data. Kent Beadle, Paradigm Futures, has more.