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
Wheat and corn closed higher on Black Sea export concerns and putting in weather premium. Soybeans and cattle were hit by profit taking, with more contract lows in hogs. Kent Beadle, Paradigm Futures.
Wheat rallies with Russia stopping exports out of a Ukrainian port. Corn follows but is also putting in weather premium. Soybeans and cattle see profit taking. Kevin Duling with KD Investors has details.
Profit taking in cattle w/higher corn, awaiting cash. Hogs score more contract lows. Corn, wheat extend gains on weather, with profit taking in beans. Brad Kooima of Kooima Kooima Varilek.
AgDay TV Markets Now: Naomi Blohm with Total Farm Marketing talks about how long the recovery rally may last in the grain markets.
Corn and soybean markets were up on corrective buying and putting in weather premium. Wheat followed. Cattle saw profit taking after a neutral COF report, hogs hit contract lows. Naomi Blohm, Total Farm Marketing.
Corn & soybeans bounce technically as they are oversold but also putting some weather premium in. Wheat falters on poor demand. Cattle consolidate after a neutral COF. Tomm Pfitzenmaier, Summit Commodity Brokerage
After a two-year bull markets, grain prices have set back well off the highs. So are the commodity markets in reset or is this just part of a larger commodity super cycle?
AgDay TV Markets Now: Don Roose with U.S. Commodities talks about the ugly week in grain markets and why the funds keep selling. When will it end?
Grains failed Friday as funds sold on bearish fundamentals, poor technicals and the debt ceiling stalemate. Cattle were the bright spot with steady to higher cash, new high in feeders. Don Roose of U.S. Commodities.
Grains mixed after a higher start looking for support but is this bottoming action? LC trade firmer cash but cautious ahead of the COF. Milk markets struggle w/demand & supply. Bryan Doherty, Total Farm Marketing.