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
AgDay TV Markets Now: Garrett Toay, Ag Trader Talk, says a “perfect storm” fueled the risk off selling in grain markets on Monday,
Grain and livestock futures see risk off commodity wide selling. China news, Middle East war escalation and rumors of Brazil soybean imports hit the markets. Kent Beadle, Paradigm Futures has more.
Funds bought grains midweek after China announced economic stimulus, but they jumped right back out on Friday after Asian markets failed to rally.” Mike Zuzulo, Global Commodity Analytics, says its due to demand fears.
AgDay TV Markets Now: Mike Zuzulo, Global Commodity Analytics, discusses why funds sold grains to end the week but bought cattle and hogs futures.
“I don’t think we are going to see huge losses in prices from here forward, but these are not exciting prices,” says Jerry Gulke, president of the Gulke Group.
Grains consolidating as funds are back in selling end of week. Cattle make new highs again pushed by higher cash. Crude oil stalls after 9-weeks highs Thursday. Darin Newsom, Barchart, has details.
AgDay TV Markets Now: Vince Boddicker, Farmers Trading Company, explains why the soybean complex sank on Thursday and why cattle and hogs made new highs for the move.
The collapse of soybean basis levels in Brazil tanked the soy complex. Vince Boddicker, Farmers Trading Company says, “People are saying with the basis dropping that hard maybe the Brazilian crop isn’t that tight.”
Cattle try to extend gains after strong chart action awaiting cash. Hogs see follow through buying on China news. Corn & beans see profit taking w/weak exports. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Oliver Sloup, Blue Line Futures, explains what drove the rally in grain and livestock futures Wednesday and if it can keep going?