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
AgDay TV Markets Now: Mike Zuzulo of Global Commodity Analytics says funds sell again in grains with bearish demand story, including China cancellations.
A historic drought has severely cut the size of this year’s crop in Argentina, especially soybeans. Processors will be forced to import soybeans just to stay in business.
Fund selling in grains with bearish export news including the China cancellation, poor inspections, Black Sea and Brazilian competition. Cattle down on COF, softer cash, hogs up. Mike Zuzulo, Global Commodity Analytics.
The cattle market has moved into uncharted territory. It came as a result of one of the worst droughts in history but how long will the bull market last?
Fund selling in corn w/China cancellation, beans follow w/uncertainty on biofuels tax credits & Brazil’s cheaper crop. KC, MN wheat add weather premium. Cattle softer on COF, cash. Randy Martinson, Martinson Ag.
More fund selling in corn w/the China cancellation, strong cash and spreads support beans, with wheat trading weather. Cattle set back on the bearish COF, hogs up on short covering. Michelle Rook has details.
Corn, beans see technical selling breaching major support, option expiration, weather also factors. Cash basis firm but how long will that continue, how will MI River flooding effect it? Nick Tsiolis, Farmers Keeper.
Grains posted lower weekly closes, erasing all the gains of the previous week and more. Jerry Gulke sheds light on the various factors that caused the slide and what that means for market direction.
AgDay TV Markets Now: Darin Newsom with Barchart talks about what triggered the fund selling in the grains to end the week and if farmers lost their shot to sell new crop corn and beans.
Grains close lower Friday on fund selling. What triggered it and will it continue next week? Where does crude oil go after filling the chart gap? Will cattle continue to be a bull market? Darin Newsom, Barchart.