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
Mike Minor, Professional Ag Marketing, says grain and livestock futures are seeing consolidation with an eye on China trade news, exports and weather.
Matt Bennett, AgMarket.Net, says soybeans rallied with the tailwind of more talk of Chinese tensions easing and May closed above key 200-day moving average resistance.
Allison Thompson, The Money Farm, says soybeans are seeing follow through buying on Wednesday with the de-escalation of the China trade war.
Shell Rock, Iowa, farmer Jeff Reints started planting corn on April 8 — the earliest ever on his farm. He got 50% of his corn and soybeans in the ground before 3 inches of rain parked the planters.
Dan Basse, president of Ag Resource Company in Chicago, says corn was pressured by the fast planting pace of 12% nationally and a slightly more open forecast for the next week or so.
The original proposal would have resulted in millions of dollars of fees per vessel, thus lowering commodity prices. The revisions, however, have some key exemptions that are net positive for U.S. agriculture.
Mark Knight, Farmer’s Keeper Financial, says corn and wheat are under pressure from fast corn planting pace and rains in the forecast for hard red winter wheat country. Soybeans bounced off support, but need to take out technical resistance to keep the momentum going.
Vince Boddicker, Farmers Trading Company, says grain and cattle markets saw selling Monday in tandem with the collapse in outside markets.
Brad Kooima, Kooima Kooima Varilek, says grains lose early strength running into chart resistance. While cattle also started higher with the sharply higher cash trade Thursday but faded.
On a recent trade mission to Vietnam, South Dakota farmers found out the tariffs being proposed by the Trump administration are a huge concern for exporters.
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