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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The President and Speaker of the House have reached a deal on lifting the debt ceiling. Why is this important for farmers and ranchers?
Grains recover weather premium back on the forecast and Drought Monitor. We also saw a technical selling exhaustion. Profit taking in cattle and hogs. Scott Varilek of Kooima Kooima Varilek has details.
AgDay TV Markets Now: Oliver Sloup with Blue Line Futures says grains end off lows Wednesday but the fund selling may not be done.
Grains End Mixed and Off Session Lows but is the Fund Selling Done? Cattle Make Contract Highs Again
Grains end mixed and off lows after the early fund selloff on macroeconomic concerns, weather. Is the selling over? Cattle make more contract highs, while hogs see short covering. Oliver Sloup, Blue Line Futures.
Grains off lows but still seeing fund selling with macroeconomic sell off in commodities, and a wetter extended forecast. Livestock mostly higher except nearby live cattle. Joe Vaclavik, Standard Grain.
Grains see more fund selling with a bearish macro-economic picture, where do we find support? Live cattle hit by end of month profit taking, with short covering in hogs. Dave Chatterton, Strategic Farm Marketing.
AgDay TV Markets Now: Ted Seifried, Zaner Ag Hedge says grains see significant pressure on profit taking, removing weather premium and with a risk off day. How much downside risk is there?
Grains see profit taking & remove weather premium, with lower crude oil prices. Cattle make new highs on higher, cutouts and a debt ceiling deal, while hogs see short covering. Kent Beadle, Paradigm Futures.
Grains end sharply lower on profit taking, removing wx premium, with a risk off day in outside markets. Cattle hit new highs w/strong cash, cutouts. Hogs limit up on short covering. Ted Seifried, Zaner Ag Hedge.
Cattle make new highs on lower corn, higher cash ideas and debt ceiling discussions moving forward. Hogs are seeing a corrective bounce. Grains take out weather premium. Brad Kooima of Kooima Kooima Varilek.