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: 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.
Cattle and hogs lower on Middle East conflict, while wheat sees short covering. Corn and soybeans position ahead of the WASDE, also see hedge pressure. Mark Schultz, Northstar Commodity, has more.
Markets add geopolitical premium with Israeli conflict in energies and wheat, but its price negative for meats. Corn and beans also see harvest pressure and report positioning. Kent Beadle, Paradigm Futures, has more.
Ag markets see early risk off selling with the conflict in Israel, harvest pressure and report positioning in row crops. Wheat holds gains on talk of China export buys. Randy Martinson, Martinson Ag has more.
The historically low water levels on the Mississippi River have caused a trifecta in the soybean market. Its increased freight weights, slammed basis levels and taken a real toll on exports.
Should farmers store and try to capture the carry and more importantly will that carry be there in the future when it’s time for them to deliver? Jerry Gulke, president of the Gulke Group, is skeptical.
AgDay TV Markets Now: Bryan Doherty of Total Farm Marketing says grains end lower on Friday on profit taking but corn closes higher for the week. So can the market build on that and get Dec above $5?