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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Every year, farmers from the Northern Plains make their way to the Alerus Center in Grand Forks, ND...for the CHS Ag Services Ag Industry Day where they got an update on weather, agronomics and markets for 2023.
A mostly higher close except wheat, w/ more short covering in corn and beans but how much more recovery will we see? Cotton prices firmer, while cattle up following cash. Shawn Hackett, Hackett Financial Advisors.
Corn, soybeans see more short covering, w/strong meal & drop in Argentina crop ratings. Cattle up with strong cash, putting in weather premium, hogs up for now. Scott Kooima of Kooima Kooima Varilek has details.
Markets mostly higher. More short covering in grains w/ the lower dollar and declining Argentina ratings. Soybeans hit 50% retracement. Cattle bounce with firmer cash. Randy Martinson of Martinson Ag.
AgDay TV Markets Now: Soybeans and wheat continued to recover on Thursday, but corn wasn’t able to maintain its early strength. DuWayne Bosse of Bolt Marketing explains why.
Grains see follow through buying and short covering but are the bottoms in? More profit taking in the cattle so is this topping action? Darin Newsom, Sr. Market Analyst with Barchart has the answers.
AgDay TV Markets Now: Grains finally see a short covering bounce Wednesday but after the selloff in grains what should farmers be doing for marketing? Tomm Pfitzenmaier of Summit Commodity Brokerage has advice.
AgDay TV Markets Now: Ted Seifried of Zaner Ag Hedge talks about why the funds continue to sell the grains and how much technical damage has been done to corn and soybean charts.
With improved snowpack in areas such as Montana and precipitation through the midsection of the country late last fall and this winter, the Mississippi River and its tributaries could be back to normal by this spring.
Another day of fund selling in the grains when does it end? Cattle continue to charge higher with more contract highs in feeders, how high will that market go? Ted Seifried of Zaner Ag Hedge has the answers.