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

All Episodes

11:40

Markets Now Early Markets 10-14-24

Markets Now with Michelle Rook ·

2024/10/14

Brad Kooima, Kooima Kooima Varilek says cattle futures are mostly higher early Monday on better cash news and trying to negate Friday's reversal. Lean hog futures ease on profit taking. While corn and soybeans see pressure from harvest and South American rain chances. See omnystudio.com/listener for privacy information.

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11:43

Markets Now Closing Markets - 10-11-24 Audio

Markets Now with Michelle Rook ·

2024/10/11

Grains end lower after a non eventful WASDE. Oliver Sloup, Blue Line Futures, says grains saw some profit taking heading into the weekend with row crops seeing harvest pressure and focusing on South American weather, with rain chances in Brazil. He says a shift in election polls giving Trump a slight edge may have also played into China tariff talk which would be negative. Live cattle futures hit chart resistance and ended lower, despite steady to $1 higher cash trade. Lean hogs made new highs

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10:33

Markets Now Closing Markets - 10-10-24 Audio

Markets Now with Michelle Rook ·

2024/10/10

Corn and soybeans end lower on harvest pressure, but John Heinberg with Total Farm Marketing says the row crop markets are removing South American weather premium and jockeying ahead of the WASDE Report out Friday morning. Wheat saw additional fund short covering and was adding risk premium with dryness in Russia and possible export curbs. Cattle make new highs for the move with steady to $1 higehr cash. Hogs followed cattle but also saw strong weekly exports. But will the funds keep pusing the

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11:47

Markets Now Early Markets 10-10-24

Markets Now with Michelle Rook ·

2024/10/10

Grains and livestock are mixed. Weekly grain exports were decent this morning and Darin Newsom, Sr. Market Analyst for Barchart says wheat is seeing more fund short covering adding some risk premium, especially geopolitical. Soybeans are seeing harvest pressure and removing some weather premium with forecasted rains for Brazil. Corn is rangebound waiting for new news. CPI data was slightly above expectations but will the stock market continue to make new highs and what does that mean for markets

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10:18

Markets Now Closing Markets - 10-7-24 Audio

Markets Now with Michelle Rook ·

2024/10/07

Grains end mixed Monday with livestock mostly higher. Brian Grete, Pro Farmer, says wheat was supported by traders adding in some geopolitical risk premium and some light short covering and that also pulled up corn. However, he thinks funds are about done taking profits and don't have a reason to go long in the grains. Soybeans held chart support but were weighed on by the lower meal market and he says if funds continue to exit their long position in the meal it will keep pressure on soybeans

en-US

10:05

Markets Now Early Markets - 10-7-24

Markets Now with Michelle Rook ·

2024/10/07

Cattle open higher on the heels of steady to slightly higher cash trade, then trade two-sided. Brad Kooima, Kooima Kooima Varilek, says the cash will likely be steady this week which may mean the futures could stall out. The key will be if funds defend their long position in the market. Funds are long in the lean hogs as well but that market is looking toppy. Grains are mixed early with corn and soybeans seeing a lack of fund short covering due to harvest pressure and forecasted rains in South

en-US

10:20

Markets Now Closing Markets - 10-4-24 Audio

Markets Now with Michelle Rook ·

2024/10/04

Grains end lower Friday as well as hogs, but cattle finish higher. Don Roose, U.S. Commodities, says grains saw harvest pressure and profit taking after running into chart resistance, but were also removing weather premium. What is the next move for the grains? Cattle ended to the plus side with higher cash at $186 in the South, up $1 while hogs saw some consolidation and seasonal pressure. See omnystudio.com/listener for privacy information.

en-US

8:29

Markets Now Early Markets - 10-4-24

Markets Now with Michelle Rook ·

2024/10/04

Grains set back early, with livestock higher. Shawn Hackett, Hackett Financial Advisors, says the grains are in transition as funds are nearly flat. So what is their next move? See omnystudio.com/listener for privacy information.

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10:42

Markets Now Closing Markets -10-3-24

Markets Now with Michelle Rook ·

2024/10/03

Grains close lower on Thursday, with livestock mixed to lower as well. Grains saw profit taking and farmer selling. DuWayne Bosse, Bolt Marketing, says grains ran up into some chart resistance and he thinks the fund short covering is starting to subside as well. Plus, harvest pressure may be picking up and overwhelming any technical buying. The markets are still watching global weather and rains forecasted for Brazil and Argentina next week had the market removing weather premium. However,

en-US

10:40

Markets Now Early Markets 10-3-24

Markets Now with Michelle Rook ·

2024/10/03

A mostly lower start in the ag markets Thursday. Scott Varilek, Kooima Kooima Varilek, says after new highs for the move in cattle futures yesterday there is some hedge pressure and profit taking, plus packers talking about kill cuts and weights in the South are still above last year. However, it looks like cash trade is going to be higher again this week with some $186 in the South already and $187-$188 in the North paid by a regional and producers asking $190. Hogs are fading strong exports and

en-US

9:18

Markets Now Closing Markets -10-2-24

Markets Now with Michelle Rook ·

2024/10/02

A mostly higher day except soybeans. Ted Seifried, Zaner Ag Hedge, says wheat and corn make new highs for the move. Both markets saw additional fund short covering and support from geopolitical and weather concerns. Soybeans ended slightly lower but are in a holding pattern awaiting Brazil rain confirmation. He thinks funds have covered a large percentage of their record short in the grains and so he doesn't see a lot more upside in the market. Cattle and hog futures also soared into new near

en-US

8:34

Markets Now Early Markets 10-2-24

Markets Now with Michelle Rook ·

2024/10/02

See omnystudio.com/listener for privacy information.

en-US

9:53

Markets Now Closing Markets -10-1-24

Markets Now with Michelle Rook ·

2024/10/01

Grains and livestock futures all end higher. Randy Martinson, Martinson Ag, says funds are buying across the ag sector and in the grains covering shorts. He explains what fundamentally is driving the markets. See omnystudio.com/listener for privacy information.

en-US

9:42

Markets Now Early Markets 10-1-24

Markets Now with Michelle Rook ·

2024/10/01

Corn continues higher on fund buying and tighter corn stocks says Kent Beadle, Paradigm Futures. Wheat is following corn but also adding weather premium. Soybeans are trying to follow but continue to struggle with harvest pressure and rain chances in the extended forecast for Brazil. He says cattle are mostly lower as they are overbought and due for a correction but are supported by strong cash and ideas of steady to higher trade again this week. Hog futures are mostly higher showing their

en-US

10:46

Markets Now Closing Markets - 9-30-24 Audio

Markets Now with Michelle Rook ·

2024/09/30

Grains and livestock end mixed Monday. Chip Nellinger, Blue Reef Agri-Marketing says corn got some help from a slightly friendly quarter stocks number at 1.76 billion bushels, but most of the upside in corn and wheat was due to end of quarter fund short covering. The key will be whether or not funds continue that trend into a new quarter as Dec corn could not close above $4.25. Soybeans saw neutral report numbers but ended lower on rain chances in Brazil in the 10 day outlook. Live cattle made

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8:37

Markets Now Midday Markets and Report Analysis 9-30-24

Markets Now with Michelle Rook ·

2024/09/30

Grains are slightly higher following the USDA Quarterly Stocks Report and Small Grains Summary. Jim McCormick, AgMarket.Net says the corn stocks were friendly under expectations at 1.76 billion bushels due to better feed demand and supporting corn. A close above $4.25 could open the market to more technical buying. Soybean stocks came in at 342 million bushels, close to estimates and the September WASDE. So, here Brazil weather is the key moving forward and will determine if November can get

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11:12

Markets Now Early Markets 9-30-24

Markets Now with Michelle Rook ·

2024/09/30

Grain and livestock markets are mixed this morning with positioning end of month and quarter and ahead of the USDA reports. Joe Kooima, Kooima Kooima Varilek, says cattle futures are overbought and due for a correction. Cash was higher last week but he thinks it will hold together again this week with tight numbers in the North and even with formula cattle available in the South. Hogs have traded two sided but did have a lower weekly close and cash is starting to weaken which may indicate the

en-US

12:06

Markets Now Closing Markets - 9-27-24 Audio

Markets Now with Michelle Rook ·

2024/09/27

Soybeans and meal soar higher on Friday. Naomi Blohm with Total Farm Marketing attributes the recent strength to end of quarter fund short covering and the market adding weather premium on dry Brazil forecast, plus hopes for more China demand. Corn followed soybeans but has some of the same South American crop concerns. Wheat was not able to follow the row crop rally futures are approaching chart resistance and saw some end of quarter and report positioning, plus prices become uncompetitive.

en-US

11:58

Markets Now Early Markets 9-27-24

Markets Now with Michelle Rook ·

2024/09/27

Grains and livestock are mixed early. Vince Boddicker with Farmers Trading Company says after hedge pressure Thursday, soybeans see technical buying resume. However, Nov stopped just short of the 100 day moving average and will need more bullish news to get through that level. Corn is stuck between higher beans and lower wheat markets but he says is rangebound. Wheat is setting back on slower exports and some hedge selling. Cattle make near for the move highs with higher cash yesterday. Hogs

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10:35

Markets Now Closing Markets 9-26-24

Markets Now with Michelle Rook ·

2024/09/26

A lower day in ag markets except for cattle. Scott Varilek, Kooima Kooima Varilek, says cattle futures started lower with the drop in boxed beef values yesterday. However, the market made new highs for the move again into the close pushed by higher cash trade. Southern live trade is at $184 to $185.50, but mostly $185, which is $2 higher than last week. Northern trade has been lighter, but some $187 in western Nebraska developing right after the close. The negative talk of lower slaughter this

en-US

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Markets Now with Michelle Rook

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