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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Wednesday’s markets held together despite a bearish CPI number, with the exception of cotton and wheat.
Markets rebound at midday with grains seeing a corrective bounce after a bearish CPI number, livestock remain strong.
Ag markets opened mixed on Wednesday following the release of the bearish CPI number.
Grains were down hard Tuesday amid the macroeconomic meltdown and USDA Report, while livestock rallied.
Grains continue to see pressure after the WASDE report, while livestock are higher.
The weather market is coming a bit later than normal in the row crops this season.
Grains under pressure from a change in weather forecasts, macroeconomic concerns, and report positioning, with livestock mixed.
Row crops and cattle traded weather on Monday, while wheat and hogs were hit by the higher dollar.
Hedge funds bailed from commodities the last few weeks on recessionary concerns. So did that put the high in for the year in grains?
Row crop markets continue to rally on weather forecasts. However, wheat has set back with the sharply higher dollar and livestock have turned mixed.