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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Grains close higher on Tuesday on lower crop ratings but off highs. Livestock futures were mostly lower on corrective selling.
Grain markets continue strong midday with lower crop ratings, while livestock are seeing profit taking after a strong close Monday. Michelle Rook talks with Jeff Hoogendoorn of Professional Ag Marketing.
Grains sharply higher on the open with the surprising drop in crop ratings and fresh China corn export business. Livestock lower in reaction and see profit taking after contract highs in hogs and feeders yesterday.
Livestock futures open mostly higher with the lower grain trade early. Grains under pressure with early with weekend rains a drag and despite some export sales on corn and beans. WASDE Report next focus.
Livestock are higher with cattle anticipating higher cash, and Oct hogs are near contract highs. Meanwhile grains are mixed ahead of the WASDE.
Grains ended mixed still trying to determine crop size after weekend rains and ahead of crop ratings. Livestock were strong with new contract highs in October lean hogs.
Iowa started off the season with historically high crop ratings but conditions have recently dropped with the recent heat and dryness and that may have taken the top end off yields.
Grains closed mixed on Friday, with livestock higher. Weather and WASDE focus for next week. Michelle Rook wraps up the week with Randy Martinson of Martinson Ag.
Corn and livestock futures rebound at noon, November soybeans disappointed with China export business, while wheat under pressure with strong dollar.
Grains fail to see follow through buying Friday morning despite confirmation of soybean export business. Livestock opened mixed in cattle and lower in hogs.