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
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing, discusses why milk futures plunged from mid-October and what the outlook is for the rest of 2023.
AgDay TV Markets Now: John Payne, Hedge Point Global Markets says despite a smaller U.S. cotton crop due to drought, the market has not been able to rally due to macroeconomic demand concerns.
AgDay TV Markets Now: Vince Boddicker, Farmers Trading Company, says soybeans and corn may need a bigger SA weather issue to keep moving higher. Cattle have an ugly technical day so will funds keep selling?
Soybeans rally on SA weather, export demand, which supports corn and wheat as well as MX biz. Poor chart action in cattle, while hogs bounce but are into resistance. Vince Boddicker, Farmers Trading Company, has more.
Soybeans up on SA wx, export news, bean oil. Corn and wheat try to follow but also see WASDE positioning. Cattle gap lower on open, corrective buying in hogs. Mark Schultz, Northstar Commodity, has more.
Gap lower open in cattle on disappointing steady So. cash trade Friday. Hogs consolidate w/cattle. Soybeans rally on SA weather & China biz, corn tries to follow w/MX biz. Brad Kooima, Kooima Kooima Varilek, has more.
AgDay TV Markets Now: Bryan Doherty, Total Farm Marketing, discusses the big rally in soybeans, meal and corn on Friday and if the markets can continue the trend next week.
The strong close in soybeans reflects concerns about South American weather. If South American production drops 100 million bushels that makes U.S. ending stocks at 220 million bushels look tight, says Jerry Gulke.
Soybeans surge on SA weather concerns, export biz, lower $, which pulls wheat higher, corn off two-year lows. Livestock see profit taking, despite strong cash cattle news. Bryan Doherty, Total Farm Marketing, has more.
Grains up led by beans on SA crop concerns & resulting export biz. Corn bounces off 2-year lows. Cattle & hogs see profit taking despite some higher cash cattle trade. John Payne, Hedge Point Global Markets, has more.