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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AgDay TV Markets Now: Randy Martinson of Martinson Ag says soybean continued rally on USDA data and following soybean and crude oil, while wheat and corn ended off highs on profit taking and hedge pressure.
Soybeans higher still working in the bullish USDA numbers and higher soybean oil. Corn and wheat end mixed on profit taking and hedge pressure. Cattle lower on consolidation. Randy Martinson of Martinson Ag.
Grains mostly higher pricing in USDA numbers and weather. Old crop corn sees farmer selling, while live cattle made new contract highs then saw profit taking and hedge pressure. Kent Beadle of Paradigm Futures.
Grains higher continuing to work in USDA Reports, weather & higher crude oil with possible OPEC production cuts. Live cattle up again after new highs Friday. Allison Thompson with The Money Farm has analysis.
USDA’s reports held some bullish surprises for old crop corn and soybeans but confirmed a big increase in corn and wheat acres for the 2023 season.
AgDay TV Markets Now: Darren Frye of Water Street Solutions Analyzes the USDA Reports and Market Reaction and Where Grain Prices Go From Here.
Grains End Mostly Higher on USDA’s Bullish Stocks and Soybean Acres, While Corn and Wheat Acres Rise
Grains close mostly higher after USDA Reports, where do prices go from here? Darren Frye, Water Street Solutions has report analysis and price projections, plus talks about new highs in cattle.
USDA’s Quarterly Grains Stocks were the bullish story for corn and beans overshadowing the larger corn acreage at 92 million. Jim McCormick of AgMarket.Net has analysis.
Grains 2-sided of quarter and before the reports but what was the market already telling us about the UDSA numbers? Cattle hit more contract highs with higher cash, can it keep going? Darin Newsom, Barchart.
AgDay TV Markets Now: John Payne of Hedge Point Global Markets discusses the profit taking in grains Thursday and new highs in live cattle off sharply higher cash.