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
Risk off outside markets & China GDP data pressures soybeans, corn is following wheat with short covering. Cattle see profit taking after the chart breakout. Hogs consolidate. Randy Martinson, Martinson Ag, has more.
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge, says corn falls on report hangover, bearish outside markets, while soybeans bounce with record crush but may not hold report day lows.
Corn falls on report hangover, lower wheat, bearish outside markets. Soybeans pop on a record crush, lower Brazil crop. Cattle see a chart breakout on wx, higher beef, cash ideas. Ted Seifried, Zaner Ag Hedge, has more.
Corn sees report hangover with lower wheat, soybeans pop with lower Brazil crop, record crush. Cattle try to hold gains watching wx, cash, while hogs look tired. Vince Boddicker, Farmers Trading Company, has more.
Cattle holding gains on weather, higher beef and despite weaker So, cash. Hogs fall as slaughter backs up. Corn & soybeans try to hold Friday’s lows, but are the lows in? Brad Kooima, Kooima Kooima Varilek, has more.
Leading ag economists expect inflation to return in 2024 and that will not only have an impact on the interest rate environment, but it could bring the fund or speculative community back in to buy commodities.
USDA’s January reports were negative for row crops with higher corn and soybean yields and production. Jim McCormick with AgMarket.Net is hopeful the markets have the most bearish news now factored into prices.
AgDay TV Markets Now: John Heinberg, Total Farm Marketing, discusses how low corn needs to go to price in record yield and production. Does the soybean market have the bearish news already factored in?
March corn hit a new contract low of $4.41 on Friday. Will corn see more pressure trying to price in extra bushels? March soybeans also hit a low of $12.06. Will $12 support hold without a drop in Brazil production?
Corn & soybeans tank on higher yields & production, with wheat following despite lower seedings & ending stocks. Live cattle followed lower cash, hogs consolidate. John Heinberg, Total Farm Marketing, has details.