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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South Dakota Governor Larry Rhoden announced the $900,000 Future Fund grant for the non-profit bioprocessing facility at South Dakota State University.
John Heinberg with Total Farm Marketing says soybeans rallied with the surging bean oil market on Thursday on talk of favorable biofuels policy in the Renewable Fuels Standard.
Allison Thompson with The Money Farm thinks the bearish USDA report news is priced into the market and this weeks lows are likely to hold.
Don Roose with U.S. Commodities says the bearish USDA report news has been largely factored in but corn and soybeans are establishing new lower trading ranges.
The debate over immigration and ag labor reform has been a political hot potato for decades now and has led to inaction by Congress, but leaders of the House and Senate Ag Committees say they are making it a priority for 2026.
Corn and soybeans try to bounce Wednesday morning. Vince Boddicker with Farmers Trading Company says some of this is short covering or corrective buying as the market was oversold but he’s not sure the bearish USDA news is all digested.
Brian Grete with Commstock Investments says the corn market is still trying to digest the shock of USDA’s January reports. March corn futures came within striking distance of the Aug. 12 low at $4.10.
Brad Kooima with Kooima Kooima Varilek says strong cash has been supportive of the cattle futures and he expects a higher week in the fed market again this week. Grains are still digesting USDA’s bearish reports.
Arlan Suderman, chief commodities economist with StoneX says the move surprised him even though their customer survey’s during the season had yield at 186 bu.
UNL predicts closure will result in $3.28 billion in annual statewide economic losses. The analysis projects more than 7,000 jobs lost statewide, including 3,212 plant positions, along with significant reductions in labor income and state and local tax revenues.