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: Chip Nelliger of Blue Reef Agri-Marketing talks about the ugly day of fund selling in the soybean complex and how much lower the market could fall.
Soybeans and products saw massive fund selling pulling down corn. Wheat saw corrective buying. Live cattle post an inside day with new contract lows again in hogs. Chip Nellinger, Blue Reef Agri-Marketing has more.
Soybean make new lows for the move with more fund selling and lower products, that’s pulled down corn and CH wheat. Cattle and hogs continue to struggle to recover. John Payne, Hedge Point Global Markets has more.
Corn higher on China biz, strong weekly exports. Funds selling in soybeans. Cattle trade 2-sided but disappointing w/higher northern cash at $165-$167. Hogs make new lows. Scott Varilek, Kooima Kooima Varilek.
AgDay TV Markets Now: Don Roose of U.S. Commodities discusses is the funds will keep liquidating in soybeans after taking out key moving averages and if grains can return to trading fundamentals after the Fed move.
Markets were mostly lower on Wednesday, except old crop corn, on technical selling ahead of the Fed’s 0.25% hike. Can the markets now start trading fundamentals? Don Roose with U.S. Commodities has the answers.
While the wheat market might not be respecting the situation, there are big concerns about the nation’s winter wheat crop due to drought.
Markets are mostly lower except May corn with the China sales. The trade is awaiting the Fed decision, but soybeans are also following a drop in China’s soybean price. Ted Seifried of Zaner Ag Hedge explains.
Grain and livestock futures under pressure with concerns about the Fed move and despite China corn biz. Will it be .25 or .50? Fund positions were also updated. Randy Martinson of Martinson Ag has details.
AgDay TV Markets Now: Oliver Sloup says Grains Stage Another Technical Selloff Ahead of Fed Decision
AgDay TV Markets Now: Oliver Sloup with Blue Line Futures discusses aother day of technical selling in the grains ahead of the Fed decision. Cattle bounce but will they sustain a recovery rally<