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
Tommy Grisafi with Advance Trading explains why both short- and long-term interest rates are up.
Grains end mixed with report positioning and profit taking in soybeans, meal and bean oil. Cattle consolidate under new highs awaiting cash. Hogs continue to try to find a bottom. Details w/Brian Grete of Pro Farmer.
Corn and soybeans lower on report positioning, profit taking in beans with lower BO. Cattle consolidate after new highs, lower DOW, await cash. Hogs lack support. Scott Varilek of Kooima Kooima Varilek.
Farmers in the northwestern corn belt have had normal to above normal moisture this winter which will play into planting intensions, but so will commodity and input prices. So what will the acreage mix look like?
Growers at the CHS Ag Industry Day heard from the head of CHS who’s bullish about the profit potential for producers in the northwestern corn belt in 2023 and beyond due to the explosion in demand for green fuels.
Grains mostly lower on follow through technical selling and profit taking in beans. Cattle 2-sided with slight consolidation after new highs. Hogs lower on rising supplies. DuWayne Bosse of Bolt Marketing has more.
Soybeans higher w/ contract highs in meal. Technical selling in wheat w/ moisture in HRW areas held back corn. Deferred cattle hit more contract high w/ strong cash. John Heinberg, Total Farm Marketing has more.
Soybeans up with new highs in meal, but wheat is pulling down the corn. Cattle higher with strong cash, but hogs can’t get traction with lagging cash and cutouts. Mark Schultz with Northstar Commodity has more.
Technical selling in corn & wheat, report positioning and hope on the Black Sea Export deal. Soybeans rebound w/meal making new highs on Argentina crop concerns. Cattle up with strong cash. Profit taking in hogs.
AgDay TV Markets Now: Randy Martinson of Martinson Ag Talks About How the February Crop Insurance Prices May Impact Planting Decisions.