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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Randy Martinson with Martinson Ag says, “This is, you know, basically 8 million metric ton or roughly 294 million bushels of added soybean demand that we were not expecting.”
Traders want proof from China of the potential soybean buys according to Joe Vaclavik of Standard Grain.
Tyler Schau of AgMarket says cattle futures make new highs for the move on higher cash and the report tailwind. Soybeans followed soybean oil which rallied as Treasury released 45Z guidance and that pulled up corn.
Matt Bennett with AgMarket.Net says it was a money flow day as grains were influenced by the selloff in crude oil and the precious metal markets, plus the higher dollar.
With the lack of rebuilding the strong cattle market could be extended another year.
Ag market activity Friday and much of the week was dominated by money flow and spillover from outside markets like the metals, the energies, and the dollar. That’s according to Allison Thompson with The Money Farm.
Alan Brugler, with A&N Economics Inc., says, “What we’re seeing right now is, I think, intentional — that is, to get a little weaker dollar and, of course, that does help a commodities in general.”
Joe Kooima of Kooima Kooima Varilek says the cattle markets have gotten caught up in the outside market money flow but are also seeing some caution ahead of the USDA semi-annual cattle inventory report to be released Friday.
A motto of independence has led to success for Amity, Ore., farmer and 2026 Top Producer Woman in Agriculture award winner Helle Ruddenklau.
Grain markets were higher overnight and on the opening Thursday making multi-week highs and new highs for the move before failing. Ted Seifried with Zaner Ag Hedge says the asset reallocation in the outside markets spilled over into the ag markets.