PODCAST

Markets Now with Michelle Rook

Michelle Rook

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets.

news business news

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9:46

Markets Now Closing Markets - 10-28-24 Audio

Markets Now with Michelle Rook ·

2024/10/28

Grains end lower, livestock higher Monday. Arlan Suderman with StoneX says grains saw technical and risk off selling from sharply lower crude oil, but harvest pressure and improved weather and planting pace in South America also weighed on the market. Cattle ended higher working in the Cattle on Feed numbers and helped by strong cash last week. See omnystudio.com/listener for privacy information.

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9:58

Markets Now Early Markets 10-28-24

Markets Now with Michelle Rook ·

2024/10/28

Cattle are trading two-sided early. Brad Kooima of Kooima Kooima Varilek says the market is digesting the USDA Cattle on Feed Report. The numbers came in near expectations except placements were 2% above expectations at 98% but still below a year ago. Cash trade was mostly $190 last week up $2 and looks to be higher again this week he says. And McDonald's has put Quarter Pounders back on the menu saying the beef is free of E.coli. Lean hog futures are trading two-sided after a higher week last

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10:43

Markets Now Closing Markets - 10-25-24 Audio

Markets Now with Michelle Rook ·

2024/10/25

Bryan Doherty, Total Farm Marketing, says grains limp into the weekend on profit taking after hitting chart resistance but also farmer selling and rain chances in South America and the Southern Plains in the 10 day outlook. However, prices should be well supported by strong underlying demand. Live cattle consolidated heading into the weekend and Cattle on Feed Report despite $2 higher cash. The report showed on feed slightly below 100%, Placements at 98% just above expectations, Marketings at

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12:23

Markets Now Early Markets 10-25-24

Markets Now with Michelle Rook ·

2024/10/25

Grains ease, while livestock are mostly higher early Friday. Scott Varilek with Kooima Kooima Varilek says cattle make more new highs for the move on hedge lifting and higher cash trade which was generally up $2 yesterday. However, cattle are into resistance areas on the charts and may be due for a correction. Hogs scored a reversal Thursday and are looking toppy. Grains are easing with farmer selling picking up and some profit taking as many contracts are into resistance on the charts, but

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10:28

Markets Now Closing Markets - 10-24-24 Audio

Markets Now with Michelle Rook ·

2024/10/24

Grains and livestock futures end mixed with corn, wheat and cattle higher, soybeans and hogs weaker. Tomm Pfitzenmaier with Summit Commodity Brokerage says corn was pushed by strong demand with 15.5 million bushels of flash sales and weekly exports of 142 million bushels, the highest in 3 1/2 years. But how much higher can prices go before the U.S. prices becomes unattractive to exporters and the markets hit chart resistance? Soybeans also saw strong exports over 79 million and more flash sales

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11:12

Markets Now Early Markets 10-24-24

Markets Now with Michelle Rook ·

2024/10/24

Grain and livestock futures are mostly higher. DuWayne Bosse of Bolt Marketing says corn and soybeans are getting pushed by strong weekly exports and more flash sales. Corn is above both the 50 and 100 day moving averages and November soybeans are above $10 so charts are looking attractive for funds as well. How long will the demand rally last with South America getting rain? Wheat has been lagging row crops with rain chances in U.S. wheat areas and competition from Russia, plus the strong

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10:32

Markets Now Closing Markets - 10-23-24 Audio

Markets Now with Michelle Rook ·

2024/10/23

Grain and livestock markets closed mixed Wednesday. Rich Nelson of Allendale says corn and soybeans showed resilience rallying into the close on technical buying and strong demand. The markets saw more flash export sales and weekly exports on Thursday are likely to be strong, plus ethanol production was robust. However, is the export activity front loading ahead of the elections? Wheat tried to follow corn and soybeans but struggled with a higher dollar. Cattle made new for the move highs and

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14:15

Markets Now Early Markets 10-23-24

Markets Now with Michelle Rook ·

2024/10/23

Grains are quietly mixed Wednesday morning, with livestock higher. Alan Brugler, A and N Economics, LLC says grains are caught in a tug of war between farmer selling and strong cash basis levels due to strong demand. That was confirmed by more export sales of corn and soybeans Wednesday. However, there uncertainty in the markets about the election, tariffs and low water levels on the Mississippi River again. Plus, the dollar is higher and crude oil lower today which is a factor. Cattle rally

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10:34

Markets Now Closing Markets - 10-22-24 Audio

Markets Now with Michelle Rook ·

2024/10/22

Grain and ivestock end in the green in a risk on day with crude oil supporting the ag sector. Craig Turner with StoneX says grains saw technical buying off support areas but underlying demand is also supportive as well as an easing of hedge and harveset pressure. Wheat saw buying tied to Russia's lower crop estimates and export restrictions. He discusses how much higher prices could run on this relief rally. See omnystudio.com/listener for privacy information.

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10:33

Markets Now Early Markets 10-22-24

Markets Now with Michelle Rook ·

2024/10/22

Grain and livestock are mostly higher Tuesday. Allison Thompson with The Money Farm says corn and soybeans bounced off chart support and are seeing fund short covering but also strong end user buyer with another 14.2 million bushels of corn sold to Mexico. Soybeans are also watching stimulus efforts in China again with hopes of demand. Wheat is trying to follow but struggles with improving weather in the wheat areas of the U.S. and Black Sea and Russia still undercutting global prices. Cattle

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11:00

Markets Now Closing Markets - 10-21-24 Audio

Markets Now with Michelle Rook ·

2024/10/21

Corn and soybeans see fund or corrective buying plus help from flash export sales. Dave Chatterton, Strategic Farm Marketing, says row crops are in a tug of war between speculative and hedge selling verses end user buying which could keep the markets sideways. There is also uncertainty tied to the election and possible tariffs or a trade war. Wheat saw support from disappointing rains in the Central Plains over the weekend but ended mixed with Russia still undercutting world wheat prices in their

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11:28

Markets Now Early Markets 10-21-24

Markets Now with Michelle Rook ·

2024/10/21

A higher start in grains Monday with cattle lower. Brad Kooima of Kooima Koomia Varilek says cattle fall after a lower week but despite steady to $1 higher cash last week as they were overbought. He thinks the market may be consolidating sideways, and is seeing cautious trade ahead of the Cattle on Feed Report. However, beef prices are moving higher with increased kill and that should be supportive. Hogs made new highs for the move on fund buying. Grains are back higher with a string of flash

en-US

11:54

Markets Now Closing Markets - 10-18-24 Audio

Markets Now with Michelle Rook ·

2024/10/18

Grains have an ugly close on Friday and post lower weekly closes despite strong exports. Tommy Grisafi with Advance Trading says grain markets saw harvest pressure, but were also removing weather premium and Russia's changing wheat export policy was also a factor. The key will be will the funds sell more next week and push corn and soybeans back into contract lows or will the lower prices uncover more demand that provides support? See omnystudio.com/listener for privacy information.

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11:59

Markets Now Early Markets 10-18-24

Markets Now with Michelle Rook ·

2024/10/18

Grains fade strong weekly exports and additional flash sales as wheat drags down the complex. Craig Turner of StoneX says end users have seen current prices as a value which has supported the markets and if you add in inflation grains could be carving out new trading ranges. However, he thinks some of the buying is tied to fear of increased tariffs or a trade war. Meanwhile, China threw more stimulus at the economy and indication to him that it is not working and could be a demand red flag. And

en-US

10:28

Markets Now Closing Markets - 10-17-24 Audio

Markets Now with Michelle Rook ·

2024/10/17

Grains shake off early weakness to close higher as Darin Newsom with Barchart says end user or commercial buying stepped in. Corn has seen a string of flash export sales including another 11.7 million bushels to Mexico and unknown Thursday. He says there may be buying by export customers concerned about possible tariff's under a Trump presidency. He thinks funds may have also stepped to the sidelines and prices don't have to move much higher before commercial buying slows so that may limit

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11:16

Markets Now Closing Markets - 10-16-24 Audio

Markets Now with Michelle Rook ·

2024/10/16

Grain and livestock end mixed Wednesday. Garrett Toay, AgTraderTalk, says corn and wheat are higher on technical or corrective buying but corn also got support from nearly 80 million bushels of flash export sales mostly to Mexico. Soybeans set back and fund selling, removing South American weather premium, China economic concerns and with heavy balance sheets. Cattle were lower except nearby live future as the markets await cash and consolidate technically. Toay isn't sure if cash can trade

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12:31

Markets Now Early Markets 10-16-24

Markets Now with Michelle Rook ·

2024/10/16

Grain and livestock are mostly higher, except cattle. Scott Varilek, Kooima Kooima Varilek, says cattle traded two-sided tyring to recover and overcome profit taking and hedge selling. The market needs some new bullish news to push December live cattle over $190, including higher cash. Boxed beef values have improved and so have packer margins so they should be able to pay up. Hogs broke the uptrend line yesterday but funds bought on the break especially with cash up sharply Tuesday. Corn and

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7:45

Markets Now Closing Markets - 10-15-24 Audio

Markets Now with Michelle Rook ·

2024/10/15

A red day in ag markets with risk off fund selling tied to the implosion in crude oil. However, Vince Boddicker of Farmers Trading Company says there were other factors including better weather in South America and wheat areas of the U.S. and Black Sea, record Brazil corn and soybean estimates from CONAB, poor China economic news and harvest pressure. How much technical damage was done and are the funds going to push the short side of the market again? Cattle and hogs were also lower on profit

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9:29

Markets Now Early Markets 10-15-24

Markets Now with Michelle Rook ·

2024/10/15

Grains continue lower Tuesday for a third day, with cattle also lower. Randy Martinson, Martinson Ag, says grain markets are seeing pressure from harvest, weather and renewed fund selling. Grains are at important areas where technical support needs to hold or they could see a deeper selloff but there has been some export demand on the lower prices. Cattle are lower on profit taking and hedge selling. Lean hog futures are rebounding on short covering as funds defend their long position and

en-US

10:48

Markets Now Closing Markets - 10-14-24 Audio

Markets Now with Michelle Rook ·

2024/10/14

Kent Beadle of Paradigm Futures says grains see pressure with risk off outside markets including the higher dollar and lower crude oil. Funds were also back selling as row crops were removing weather premium on forecasted rains in South America and continued harvest or hedge selling by the farmer. Wheat also ran into chart resistance and was trading rain chances in the Southern Plains. Live cattle futures recovered after a lower day Friday and with stronger cash last week. Lean hogs saw some

en-US

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Markets Now with Michelle Rook

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