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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More from Michelle Rook
Soybeans up w/bean oil, on lower Brazil production. Can beans get above $12? Corn ends off highs hitting chart resistance, with farmer selling. Wheat mixed. Cattle rebound. Alan Brugler, Brugler Marketing, has more.
AgDay TV Markets Now: Alan Brugler, Brugler Marketing, says soybean rally with bean oil and Brazil crop cuts, but is $12 sustainable? Corn ends steady.
Cattle trying to recover but was Friday’s reversal action an intermediate top? Hogs mixed despite a Tyson plant closure. Grains recover after early pressure. Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Mike Minor says corn and wheat score impressive reversals despite China wheat cancellations. He expects them to cancel the remaining 30 million bushels of business.
Corn & wheat recover after China cancels SRW wheat. Soybeans see profit taking with China’s poor PPI. Fund selling hits cattle. Hogs consolidate but rising cutouts support. Mike Minor, Pro Ag Marketing, has more.
Weather and prices are dictating acreage decisions in the Northern Plains this spring. So what are producers planning to plant?
Grains are lower after China cancelled another 9.7 mb of SRW wheat and China’s PPI fell for the 17th month. The funds pushed shorter in grains, what could change that trend? Kevin Duling, KD Investors has more.
AgDay TV Markets Now: Darren Frye, Water Street Solutions, discusses if Friday’s higher grain market closes will lead to more short covering by the funds and a sustained rally.
With the exception of Chicago wheat, grain markets scored higher weekly closes and ended above the 20-day moving average for the first time in weeks, according to Darren Frye, Water Street Solutions.
USDA makes very few changes in the WASDE even to South American production numbers which is a disappointment, but markets are finding some buying interest even so. Chip Nellinger, Blue Reef Agri-Marketing has details.