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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More from Michelle Rook
Mark Schultz, Northstar Commodity, says corn and soybeans are lower on profit taking after a higher day yesterday.
Chip Nellinger, Blue Reef Agri-Marketing, says soybeans and products led the rally and recovery on talk of a China deal by President Trump and a lower dollar. That spilled over to support corn.
Randy Martinson, Martinson Ag says corn and soybeans are trying recover after the lower closes Wednesday tied to talk by President Trump that the U.S. will reach a trade deal with China.
Matt Bennett, AgMarket.Net, says corn made new highs for the move with the March contract reaching a high of $5.04 1/2 before reversing and ending lower on the day. The key is was it topping action?
His senior year of high school, Dalton Dilldine’s dad unexpectedly passed away, leaving a limited succession plan and a teenager with a big decision: take over the operation, start his own farm or go to college. He chose all three.
Kevin Duling, KD Investors, says grains closed higher on fund buying and March corn closed above $5 with March Chicago wheat closing above $6.
Kent Beadle, Paradigm Futures, says grains faded early strength as corn finally gets above $5 on the March or front month contract and sees farmer selling and profit taking.
Is it possible the wheat market is finally seeing the same paradigm shift that’s already taken place in the corn market? Jerry Gulke is watching several signals for an answer, including speculator activity in the wheat market.
Garrett Toay, AgTraderTalk, says grains saw technical buying led by wheat and surged to end the week. However, there were also some big fundamental drivers.
Scott Varilek, Kooima Kooima Varilek, says grains are rallying but cattle are seeing some selling pressure again ahead of a three day weekend but are holding chart support.