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
Alan Brugler with A&E Economics, Inc. says funds buying in the grains Wednesday and early Thursday was tied to money flow. The key to keeping it going is to get through chart resistance.
Family-centered farming operation yields big dividends and rewards for Ohio couple.
Monte Shaw with the Iowa Renewable Fuels Association says the president’s direction to Congress could be the game changer to pass E15 legislation after a decade-long fight.
Grains markets ended higher across the complex, driven mostly by money flow according to Dave Chatterton with Strategic Farm Marketing.
Jamie Gieseke with Paradigm Futures says soybeans were also getting a push from South American weather, with wheat adding risk premium on U.S. weather concerns.
Preceding President Donald Trump’s visit to a Clive, Iowa, farm, several groups sent a letter asking him to support biofuels policy that would provide certainty for corn and soybean farmers.
Soybeans and soybean oil saw a higher day on Tuesday driven by hopes President Trump would make a biofuels policy announcement regarding 45Z or the RVO proposal while speaking in Iowa after the market close says Naomi Blohm with Total Farm Marketing.
Soybeans and bean oil were slightly higher on Tuesday morning with hopes President Trump may make an announcement or at least talk positive about the 45Z program according to Mark Schultz with Northstar Commodity.
Meteorologist Eric Snodgrass says the storm hit 28 states with ice, snow and record breaking cold temperatures and the polar vortex could linger for a while.
Pro Farmer economist Lane Akre says at the current corn to soybean price ratio and with market conditions, soybeans need to buy some additional acres.