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
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?
Grains end lower on profit taking, but corn & wheat have higher week. Cattle recover with the DOW but are lower for the week, hogs firm while milk searches for a bottom. Bryan Doherty, Total Farm Marketing, has more.
Grains see profit taking going into the weekend with initial risk off selling on the jobs numbers. Cattle recover as the DOW rebounds while hogs are firm. Allison Thompson, The Money Farm, has details.
Grain and cattle lower with risk off selling tied to the jobs data. Corn and wheat are seeing supportive end user demand. Meanwhile soybean and cattle charts look tough. Kevin Duling, KD Investors, explains.
AgDay TV Markets Now: Dave Chatterton, Strategic Farm Markets, says wheat puts in war premium and pulls row crops higher. Corn closes above chart resistance, but can it keep going?
Wheat sees short covering on war news, spilling over to support row crops. Corn has a chart breakout, so can it keep going? Cattle consolidate, hogs bounce. Dave Chatterton, Strategic Farm Marketing, has details.
Harvest is rolling along in Nebraska with 22% of the corn combined and 29% of the soybeans out of the field. Early harvest results are variable as you might expect in a year of drought.
Cattle see risk off fund liquidation & weaker cash. Hogs see short covering w/strong exports. Corn follows a rally in wheat with strong exports, which pulls beans up. Scott Varilek, Kooima Kooima Varilek has more.