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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Grains lower w/risk off day, slow exports, rain chances in wheat areas, profit taking. Cattle rebound w/the discount to cash, some sales in NE at 288/183. Hogs down w/cash. Vince Boddicker, Farmers Trading Company
Another risk off day in commodities. Cattle consolidate with weaker cash, while hogs aren’t seeing follow through buying. Row crops are lower but how much downside risk is there? Scott Varilek, Kooima Kooima Varilek.
Agriculture is watching the ongoing contract negotiations between the unions at West Coast ports as tensions rise. However, the unreliability of shipping has already caused a shift in business to East Coast ports.
AgDay TV Markets Now: Don Roose, U.S. Commodities says risk off day, weather and Ukraine export resumption caused profit taking and selling in the grains Wednesday.
Grains and cattle mostly lower with a risk off day due to outside markets on hawkish Fed comments, weather, resumption of Ukraine exports. Hogs bounce off contract lows. Don Roose of U.S. Commodities has details.
Grains and now cattle have turned mostly lower in a risk off day in outside markets, but are also trading weather. Hog hit contract lows before short covering emerged. John Payne of Hedge Point Global Markets.
Grains see risk off and corrective selling, plus Ukraine shipments resumed. Cattle supported with tight numbers, strong demand, but hogs hit new lows. Tomm Pfitzenmaier, Summit Commodity Brokerage.
AgDay TV Markets Now: Darren Frye, Water Street Solutions says new crop corn and bean contracts led putting in weather premium, but will chart support hold once planting accelerates? And will old crop stay strong?
EPA is essentially ignoring the carbon reduction contributions of biofuels, such as ethanol, that are available to scale and at a low cost for consumers, says Geoff Cooper with the Renewable Fuels Association.
Corn and soybeans end higher but new crop leads putting weather premium. Wheat ignores crop ratings and weather, watches Black Sea news. Fund buying, strong cash supports cattle. Darren Frye, Water Street Solutions.