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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Cattle futures posted lower weekly closes and Brad Kooima with Kooima Kooima Varilek says the action was a red flag to him since it came after record fed cash trade.
Jerry Gulke, president of The Gulke Group, says the market is anticipating additional purchases of U.S. soybeans to be announced at the summit, in addition to other agricultural products.
Dan Basse with Ag Resource Company says grains chopped following crude oil most of the week but rallied on Friday adding in war premium. Plus, soybeans led gains on talk of China buying soybeans.
Scott Varilek of Kooima Kooima Varilek says cash cattle trade hit record levels on Thursday and helped pull futures higher Friday. Grains are trying to recover from the big wash out with crude oil this week.
Jeff Hoogendoorn with Professional Ag Marketing says grains were still tied to crude oil today and corn and soybeans ended off their lows when that market recovered. Cattle fell despite record cash up to $260.
Darin Newsom, senior market analyst for Barchart, says the odds are slim that the war with Iran is over. So he thinks the grain markets will soon find support.
Oliver Sloup with Blue Line Futures says grain markets were trying to divorce from the war headlines and crude oil the last few weeks but now are right back trading with the energy moves.
As the Strait closure enters its tenth week, supply chain gridlock and policy hurdles suggest high input costs will persist through the 2027 planting season, according to Josh Linville, vice president of fertilizer with StoneX.
Greg McBride of Allendale, says grains markets saw profit taking, also saw some farmer selling and hedge pressure on Tuesday.
Grain markets were all lower to start Tuesday seeing some routine profit taking after hitting new highs for the move and even some new contract highs in parts of the corn and soybean complex, according to Brady Huck with Empower Ag Trading.