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.
Watch The Latest Episode on Farm Journal TV.
More from Michelle Rook
Grains start higher on continued corrective buying but soybeans have run into chart resistance. Cattle and hogs see following through buying after chart breakouts yesterday. Randy Martinson, Martinson Ag, has more.
“While soybeans have had a nice break higher the last four days, corn is moving sideways.” Dave Chatterton, Strategic Marketing says upside in corn is being limited by the 2.16-billion-bushel carryover.
AgDay TV Markets Now: Dave Chatterton with Strategic Farm Marketing says soybeans up a 4th day on SA crop concerns and higher meal, livestock see chart breakouts, with corn sideways.
Grains higher in early trading on continued corrective buying, despite slightly bearish outside markets. Kent Beadle, Paradigm Futures says the grain markets may have finally run out of sellers.
Corn and soybeans held long term support last week and built on it with Monday’s close.
Grains close mostly higher on corrective buying and crude oil strength. Are lows forming? Cattle lower despite a neutral COF on a lack of cash. Chip Nellinger, Blue Reef Agri-Marketing, has details.
Cattle lower despite neutral COF, on profit taking and the lack of cash. Hogs continue to correct with supplies backing up. Did corn and soybeans put in lows last week? Brad Kooima, Kooima Kooima Varilek, has more.
Jerry Gulke, president of the Gulke Group, considers the bounce off the lows a victory: “This was a win, even though we had markets down a little bit for the week.”
AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn and soybeans see a lack of follow through buying Friday and fail to confirm the lows are in.
Grains close mixed & fail to confirm a low with a lack of follow through in corn & soybeans after reversals, strong weekly exports and China soybean biz. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.