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: John Payne, Hedge Point Global Markets, says corn and wheat see profit taking. Grain markets will need a supply or demand shock to get a significant rally, even soybeans.
Corn and wheat see profit taking. Soybeans rallied late with short covering in bean oil. Live cattle consolidated. Hogs saw follow through selling except Dec. John Payne, Hedge Point Global Markets, has details.
AgDay TV Markets Now: Scott Varilek, Kooima Kooima Varilek, says cattle fade bearish COF, while grains up on short covering and end of year positioning plus underlying demand.
Cattle open lower but off lows. How bearish was the COF and will weather, higher cash trump it? Hogs down w/slightly larger herd. Grains open higher then turn mixed. Brad Kooima, Kooima Kooima Varilek, has more.
Cattle faded a bearish COF report twith strong cash and weather both supportive. Hogs reacted to a bearish USDA report. Grains up on EOY positioning, SA wx and demand. Scott Varilek, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Don Roose, U.S. Commodities says markets could be volatile last week of 2023 depending on Brazil weather.
How much is the drought cutting Brazil’s crop and will soybean and corn prices take note if forecasted rains don’t confirm?
Grains mostly higher Friday but down for the week on technical selling, with more favorable wx in Brazil. USDA reports friendly for hogs, neutral to slightly bearish for cattle. Don Roose, U.S. Commodities has more.
A coalition of nearly 50 ag groups are urging the Biden administration to take immediate action to open Mexican rail crossings before it’s too late.
What is really going on in Brazil as forecasted rains seem to trump continued lower crop estimates? Will it take a sub 150 mmt soybean crop for the market to care? Darren Frye, Water Street Solutions has the answers.