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
Grains are mostly lower with fund selling on the China cancellation, Black Sea Grain deal. Wheat trades tour results. Livestock mostly lower in consolidation mode. Allison Thompson with The Money Farm has more.
AgDay TV Markets Now: Matt Bennett with AgMarket.Net explains the selloff in the grains on Tuesday and if Nov soybeans will hold $12 and Dec corn $5.
South Dakota farmers have planted 49% of the corn and 29% of the soybeans in the state. Both are ahead of the five-year average and a surprise with fields snow covered in April.
Grains and live cattle end mostly lower on spec selling on a risk off day. Sharply lower bean oil, planting pace and profit taking in the wheat were also features. Matt Bennett, AgMarket.Net explains.
Grains see spec selling and profit taking, with fast planting pace. Soybeans hit by bean oil at 2-year lows. Cattle pricing in steady cash, with funds buying in hogs on firmer cash. Kent Beadle, Paradigm Futures.
Cattle 2-sided with firm cash vs. risk off. Hogs see follow through technical buying. Risk off in grains, weather, planting pace cause profit taking. Brad Kooima of Kooima Kooima Varilek.
AgDay TV Markets Now: Arlan Suderman, StoneX says funds bought across the commodity sector Monday. In the grains #wheat was the price leader Monday, pulling #corn and #soybeans higher.
Funds buy in grains with concerns about wheat production and the Black Sea Grain deal. Cattle narrow the gap between cash and futures, while hogs sense a seasonal cash bottom. Arlan Suderman of StoneX has more.
Grains up as funds put in war premium. Wheat leads on crop concerns with Jul KC over $9. Livestock cattle are consolidating after the higher week, while the higher LHI helps hogs. DuWayne Bosse of Bolt Marketing.
Grains up putting in war premium w/the Black Sea Grain deal uncertain, but wheat is pricing in crop concerns. LC consolidate after a higher week, feeders and hogs strong. Randy Martinson, Martinson Ag. has details.