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 lower with risk off selling tied to Argentina’s economic shakeup. Livestock also fall with consolidation in cattle after three up days, while hogs follow lower cash. Kent Beadle, Paradigm Futures, has more.
AgDay TV Markets Now: Arlan Suderman, StoneX, talks about Turn Around Tuesday in the grains and a third higher close in cattle.
Turn around Tuesday so wheat and corn were higher on corrective buying. Soybeans saw profit taking with lower bean oil also a drag. Cattle up for the third day, so it a bottom in? Arlan Suderman, StoneX, has more.
After two up days funds use strength in the cattle to sell. Hogs slide with lower cash. Corn follows wheat higher, with soybeans seeing some profit taking. Brad Kooima, Kooima Kooima Varilek has more.
AgDay TV Markets Now: Dave Chatterton, Strategic Farm Marketing explains the big rally in soybeans Monday and why corn and wheat weren’t able to follow.
Soybeans rally building back Brazil weather premium, with wheat down for the second day on profit taking and corn follows. Cattle futures extend gains. Dave Chatterton, Strategic Farm Marketing, has more.
Soybeans add Brazil weather premium with help from export biz, corn tried to follow but got pulled down by wheat which is seeing profit taking. Cattle struggle to hold gains. Randy Martinson, Martinson Ag, has more.
Soybeans add Brazil wx premium with fresh export biz, corn tries to follow but falls with wheat on profit taking. Cattle drift still trying to find a bottom. Allison Thompson, joins us from The Money Farm.
Generally, the December WASDE sees very few changes as USDA leaves major revisions until the final report in January. However, USDA did lower ending stocks in corn and wheat, as well as cut Brazil soybean production.
AgDay TV Markets Now: Matt Bennett, AgMarket.Net recaps the December WASDE and explains why grains end lower after the report.