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
Grains drift on profit taking after many contracts hit chart resistance. Live cattle make new contract highs on sharply higher cash. Cotton rallied anticipating lower acres. John Payne, Hedge Point Global Markets.
Grains starting to drift in report mode, but some markets hit chart resistance. Funds buy in cattle working in higher cash. Hogs mixed ahead of Hogs and Pigs Report. Jeff Hoogendoorn, Professional Ag Marketing.
Markets are gearing up for UDSA’s Prospective Plantings and Quarterly Grains Stocks Reports.
AgDay TV Markets Now: Ted Seifried Zaner Ag Hedge talks about the recovery in corn and beans off the lows and what is will take in the USDA reports to keep it going?
Grains higher except wheat, fading Russia export news. Old crop corn & beans recovering on demand but further buying depends on the reports. Cattle look strong, but funds sell hogs. Ted Seifried, Zaner Ag Hedge
Grains mostly higher as some private companies cease exports in Russia and China buys more corn. Cattle supported by strong cash ideas and hogs see more fund selling. Vince Boddicker of Farmers Trading Company.
Grains mostly higher as Cargill stops Russia exports, plus another 8 mb of China corn sales and they could be looking for beans. Live cattle slightly higher with risk on outside markets. Kevin Duling, KD Investors.
Farmers around the Corn Belt are anticipating a big year for corn, especially with improving soil moisture in corn-deficit areas where cash prices have remained strong.
AgDay TV Markets Now: John Heinberg Talks About What Drove the Rally in Soybeans and Meal on Tuesday
AgDay TV Markets Now: John Heinberg of Total Farm Marketing discusses what drove the rally in soybeans, meal and wheat on Tuesday.
Gains in beans, meal and wheat mostly short covering end of quarter ahead of USDA’s data dump. Live cattle slightly higher awaiting higher cash, hogs saw profit taking. John Heinberg, Total Farm Marketing has more.