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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The October WASDE was slightly bullish for soybeans and corn, bearish for wheat. However, the markets rallied after the WASDE led by soybeans.
Soybeans up as U.S. stocks unchanged, global stocks cut. Corn carryover also sees a deeper drop. Wheat follows despite bearish report. Cattle price in steady to higher cash. Mike Zuzulo, Global Commodity Analytics.
The October WASDE was friendly for soybeans with ending stocks unchanged and global stocks cut 3.6 mmt. Corn ending stocks were lowered 110 mb. Wheat numbers were bearish. Jim McCormick of AgMarket.Net has more.
The 2023 harvest could be one of the fastest ever for some farmers in Illinois with the late dryness. Despite growing conditions that mirrored past drought years like 2012, many say the crop is better than expected.
Cattle extend gains from Wednesday with better cash news, hogs lower with bigger supplies and fund selling. Grains mixed pre-report, soybeans bounce off w/export biz. Scott Varilek, Kooima Kooima Varilek has more.
AgDay TV Markets Now: John Payne, Hedge Point Global Markets, previews the October WASDE says yield is key.
AgDay TV Markets Now: Jim McCormick, AgMarket.Net, says grains end mixed on report positioning, profit taking and harvest pressure.
Beans make new lows then see technical bounce and report positioning. Technical selling in wheat pulls down corn as well as harvest pressure. Cattle consolidate, funds sell hogs. Tomm Pfitzenmaier, Summit Commodity.
Cattle and hogs recover with a bounce in the stock market and lower corn. Soybeans bounce off new lows, but corn and wheat are lower. Brad Kooima, Kooima Kooima Varilek says details.
AgDay TV Markets Now: Mark Schultz, Northstar Commodity, talks about the long-term impact of the Israeli conflict on the ag markets.