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
While, not yet confirmed by the U.S. Trade Representative’s office, Arlan Suderman, chief commodities economist, StoneX says the tariffs could be dropped by October 1.
Chuck Shelby with Zaner Ag Hedge says grains reacted to China’s Commerce Ministry confirming it plans to lower tariffs on U.S. soybeans and other grains.
Joe Kooima of Kooima Kooima Varilek says funds continue to pressure the cattle futures and he anticipates that will continue after last week’s lower weekly closes.
Jerry Gulke, president of the Gulke Group, describes this week’s technical performance as bullish.
Allison Thompson with The Money Farm says the failure was likely position squaring heading into the three day holiday plus markets ran into chart resistance and saw some profit taking.
Scott Varilek with Kooima Kooima Varilek says cattle futures were struggling early Thursday with lower cash as the packers are trying to break the market with their own inventory.
Darren Frye with Water Street Solutions says the follow through buying was very important to show the higher close on Tuesday was not a head fake.
The U.S. lets the 16-year USMCA extension deadline pass, opting for rolling annual talks. Experts break down what this means for “predictability” and the leverage needed for disputes.
Jon Scheve with Scheve Grain says USDA punted on corn with the June Acreage Report and now farmers are in limbo until the August certified acres. So what should they do from a marketing standpoint?
Arlan Suderman, chief commodities economist with StoneX, says the additional cut in winter wheat acres was a surprise but there were others as well.