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: Tommy Grisafi of Advance Trading discusses the risk off selling in grains and the drop coming in cash grain prices as May options expire and elevators roll from bidding off May to July.
Markets end mostly lower on risk off, profit taking on corn & soybean spreads, and poor exports. Nearby cattle hit new highs after record cash, then saw hedge pressure. Tommy Grisafi of Advance Trading.
Nearby cattle hit new highs as record cash trickles in, while hogs make new contract lows. Corn and soybeans have backed off highs, with lower wheat but still seeing bull spreads. Mike Minor of Professional Ag Marketing.
While fertilizer prices are off March lows, they are still from 45% to 60% lower than this time last year, depending on the nutrient or product.
Corn and Soybeans See Bull Spreading with China Biz and Tight Cash Markets. Crude Oil Has a Chart Breakout, While Cattle are Red Hot!
Corn and beans mixed with tight supplies and bull spreads, while new crop trades weather. Wheat also mixed on spreads. More highs in cattle chasing cash while hogs can’t find a bottom. Garrett Toay, AgTraderTalk.
AgDay TV Markets Now: Garrett Toay of AgTrader Talk Says Tight Supplies and Bull Spreads Support Old Crop Corn and Beans, While Cattle Show No Signs of a Top
Grains higher except new crop corn and beans with better weather. Cattle making more highs with futures still at a discount to cash, while hogs look for a bottom. Mark Schultz of Northstar Commodity has details.
Grains mixed eyeing weather but will row crops get their typical spring rally? Cattle and milk futures rally, can they be sustained? Bryan Doherty of Total Farm Marketing has the answers.
The April WASDE was slightly bearish for U.S. ending stocks compared to expectations, while Argentina production was cut by 3 mmt on corn and 6 mmt on soybeans due to drought.