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.
Watch The Latest Episode on Farm Journal TV.
More from Michelle Rook
Sam Hudson with Corn Belt Marketing says grains saw an early bounce on Thursday with news overnight that Argentina had reinstates it’s export tax on grains, which is at 26% for soybeans.
Mark Schultz, Northstar Commodity, says soybeans ended lower in tandem with lower soybean meal as China reportedly bought another 10 plus cargoes of lower priced Argentine soybeans after they dropped their export tax.
Kent Beadle with Paradigm Futures says the soybean market saw a bit of recovery on Tuesday and was trying to hold Wednesday morning with news that China has purchased more Argentina soybeans.
Brian Grete, senior analyst with CommStock Investments says the soybean market has priced in most of the negative export news out of Argentina.
If EPA allows these waivers and the backlog of SREs from 2023 to 2025, without increasing the volumes in 2026 and 2027, it will mean lower biofuels production.
Arlan Suderman, chief commodities economist for StoneX, says soybeans did technical damage on hangover from the disappointing talks with China and Argentina’s announced export tax holiday.
Brad Kooima of Kooima Kooima Varilek says live and feeder cattle futures are sharply higher on Monday as news came late Sunday that New World Screwworm (NWS) had been detected 70 miles from the U.S. Mexican border. in an 8-month-old calf from a transported herd.
Jerry Gulke, president of the Gulke Group, says the market was disappointed soybeans were not part of the U.S. China trade discussion on Friday and as a result he’s altering his soybean marketing strategy.
Shawn Hackett, Hackett Financial Advisors, says the soybean market fell on disappointment talks between President Trump and Chinese President Xi on Friday did not include soybeans, that also weighed on corn and wheat.
Scott Varilek with Kooima Kooima Varilek, says the last time placements and markets were this low was in 2015, which may be signaling heifer retention is starting to take place.