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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Soybeans continue their big rally pushed by weather and new contract highs in meal, wheat is lower and corn is caught in the middle. Hogs rebounding, with the cattle mixed. Markets await Fed announcement.
Grains open mostly higher except wheat as soybean meal hits contract highs again. Markets are trading weather and awaiting the Fed announcement. Livestock are leaning higher except nearby live cattle.
Soybeans and soybean meal lead the rally in the grains on Tuesday, while livestock futures slide lower.
Grains continue strong at midday pushed by weather, with livestock setting back on higher feed costs.
Ukrainian farmers had been watching the talks to allow resumption of grain exports the last few weeks with great hope, because it’s their only lifeline to be able to plant a new crop this fall.
Grains continue higher putting in weather premium, livestock mixed to lower early on Tuesday.
Grains rebounded Monday putting in war and weather premium. Cattle worked in the USDA numbers from Friday, while hogs saw profit taking.
Cattle turn mixed after the Friday reports, with hogs seeing profit taking. Grains continue to rebound. Michelle Rook talks markets with Scott Varilek of Kooima Kooima Varilek.
Grain return higher after Russia bombs Odesa port, extended weather is also supportive. Livestock setting back. Chuck Shelby with Risk Management Commodities joins Michelle Rook to kick off the week.
While diesel fuel prices are off their summer peak the high cost is hitting hard at the farm level.