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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Crop conditions in Nebraska dropped three-percent for both corn and soybeans last week and are likely to drop even more after this week’s extreme heat and dryness.
A nice rally in grains Thursday, led by soybeans and meal and talk of China export business. Cattle set back on profit taking, hogs rebound with discount in deferred contracts to the index.
Corn and soybean markets have continued to be volatile with weather and crop size still uncertain. Darren Frye of Water Street Solutions about a marketing strategies going into harvest.
Grains continue strong at midday with soybeans and meal leading with talk of China export business. Hogs are mixed with the LHI topping and cattle seeing profit taking after a chart breakout and higher cash yesterday.
Grains continue recovery Thursday morning, despite slow exports. Livestock leaning lower. Michelle Rook gets insight from Kent Beadle of AgSurion Risk Consulting.
It was a risk off day on Monday which produced mostly lower closes, except cattle. Less threatening weather, grain exports out of Ukraine and sharply lower crude oil were all factors.
Livestock are mixed at midday, cattle helped by lower grains trade. Grains pressured in a risk off session, with more favorable weather and grain moving out of Ukraine.
The Fed’s action to raise interest rates and negative second quarter GDP have many experts saying the U.S. is in recession. So what are some of the trends we’re seeing and what’s likely down the road?
A risk off day produces a lower market opening except for cattle. What is driving it? Michelle Rook has details with Chuck Shelby of Risk Management Commodities.
The Commerce Department put out its second quarter GDP data this week, showing the U.S. economy shrank from April through June.