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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Corn futures were back higher on Tuesday morning following a recovery in the crude oil market says Vince Boddicker with Farmer Trading Company.
Significant increases in energy and fertilizer costs have experts eyeing long-term impacts on corn acreage and farmer profitability.
Brian Grete with CommStock Investments says corn and wheat fell with crude oil as the President announced a 5-day pause in the military strikes in Iran.
Cattle futures are higher early following the big rally in the equity markets says Scott Varilek with Kooima Kooima Varilek.
Jerry Gulke, president of the Gulke Group, says the rally in crude oil is about global energy security but it has benefited the grain markets.
Darren Frye with Water Street Solutions says longer term if energy prices stay higher the funds could continue to buy grains on inflation fears but he’s not sure about a full super cycle without several factors falling into place.
Mike Minor with Professional Ag Marketing says grains were mostly lower on Friday with profit taking heading into the weekend due to increased volatility and uncertainty regarding the Iran conflict.
Winter wheat may have already been damaged in January and February due to extreme cold and the lack of snow cover in many areas.
Oliver Sloup with Blue Line Futures says funds were in buying on a combination of higher crude oil futures and money flow.
Joe Kooima of Kooima Kooima Varilek says cattle and hogs are struggling Thursday with the set back in the equity markets.