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
Grains are not able to extend Tuesday’s gains with profit taking and farmer selling, plus rain chances in Argentina. Cattle are strong heading into the COF. Randy Martinson, Martinson Ag, has more.
AgDay TV Markets Now: Arlan Suderman, StoneX, explains what drove the rare grain rally on Tuesday, especially in wheat.
Grains higher on fund short covering on Red Sea shipping concerns and China lowering mortgage rates. Cattle make new highs but end mixed. Hogs rally withhigher cash and cutouts. Arlan Suderman, StoneX, has more.
Cattle futures consolidate then hit new highs for the move. Hogs and grains strong on China economic news as they lower interest rates. Brad Kooima, Kooima Kooima Varilek, has more.
Can U.S. farmers achieve USDA’s record yield estimate of 181 bushels per acre on corn and 52 bushels on soybeans with the latest weather outlook for the 2024 growing season? Rich Nelson, Allendale, has the answer.
Soybeans see short covering, with more fund selling in corn and wheat into contract lows. Cattle make new highs for the move, can they keep going? Hogs firm but hit chart resistance. Rich Nelson, Allendale, has more.
AgDay TV Market Now: Rich Nelson with Allendale says funds keep selling despite holding the second longest short position in history.
Gulke has heard the argument that the funds hold a near-record short position in the grain and oilseed complex and will eventually need to exit those positions. However, he says it’s not that simple.
Corn and soybeans pop on shortcovering, wheat fails with a higher dollar. Cattle extend gains despite softer cash, hogs fall hitting chart resistance. Tomm Pfitzenmaier, Summit Commodity Brokerage, has details.
AgDay TV Markets Now: Darin Newsom Discusses When Grain Prices Will Find a Bottom