PODCAST

Markets Now with Michelle Rook

Michelle Rook

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

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11:56

Markets Now Closing Markets - 9-25-24 Audio

Markets Now with Michelle Rook ·

2024/09/25

Grains end higher in impressive fashion and after a mostly lower start. Matt Bennett, AgMarket.Net, says the market has been resilient as the funds are exiting shorts and taking profits end of quarter. How long will they continue to buy after that? China demand news and Brazil weather concerns have also contributed to the rally but he says it may be hard to sustain during harvest. If the market does stay strong there may be some other underlying bullish factor that hasn't played out yet. Cattle

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10:19

Markets Now Early Markets 9-25-24

Markets Now with Michelle Rook ·

2024/09/25

Grains are mostly lower except a few wheat contract early Wednesday after hitting chart resistance and seeing a pick up in farmer selling trim gains. Darin Newsom, Senior Market Analyst for Barchart, says the grains continue to be resiliant as funds are exiting shorts and taking their profits to other markets including the stock market and the softs. There has been some buying as well tied to China's economic stimulus move. However, he doesn't think investment money has a reason to be long the

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10:19

Markets Now Closing Markets - 9-24-24 Audio

Markets Now with Michelle Rook ·

2024/09/24

Grains end mixed and give up most of Tuesday's early rally. What happened? Kevin Duling, KD Investors, says the market ran up into some chart resistance and is starting to look a little tired. However, he says there was likely some hedge pressure and farmer selling on the rally. He doesn't think the markets will set back much before resuming the strength due to strong demand, disappointing yields and U.S. and global weather concerns. Plus, he says the funds are looking for a home for their

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8:33

Markets Now Early Markets 9-24-24

Markets Now with Michelle Rook ·

2024/09/24

Grains continue to rally Tuesday on fund and technical buying and Randy Martinson, Martinson Ag, says the markets have cleared some key chart resistance also triggering short covering. He thinks China's economic stimulus, South America weather concerns and disappointing yields are supporting the buying as well. Cattle futures trade two-sided and are due for a correction but have been resiliant with better cash. See omnystudio.com/listener for privacy information.

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8:23

Markets Now Closing Markets - 9-23-24 Audio

Markets Now with Michelle Rook ·

2024/09/23

Grains were higher on Monday with fund and technical buying but led by the soaring soybean market. Allison Thompson with The Money Farm, says the combination of China lowering interest rates, dry South American weather and an additional 6.1 million bushels of soybean export business supported soybeans. However, November beans could not take out the August high, which the market needs to close above to keep the rally going. Corn and wheat followed soybeans but were also putting in some weather

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11:28

Markets Now Early Markets 9-23-24

Markets Now with Michelle Rook ·

2024/09/23

Cattle futures make new highs for the move early, pushed by higher cash trade says Brad Kooima of Kooima Kooima Varilek. The Cattle of Feed report was largely neutral and so the key will be if the funds want to keep buying on the strong technical signals. Hog futures are also making near term highs with fund buying and China economic news. Grains are seeing strong gains led by soybeans as China lowers interest rates, exporters report a 6 million bushel sale of soybeans and weather concerns in

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10:25

Markets Now Closing Markets - 9-20-24 Audio

Markets Now with Michelle Rook ·

2024/09/20

Corn and soybeans end lower Friday seeing harvest and hedge pressure due to option expiration. Jim McCormick with AgMarket.Net, says the row crops are also watching Brazil weather forecasts which have turned a little wetter to start October. Wheat ended mixed but was lower for the week removing war and weather premium. Cattle futures rallied back to close mostly higher making new highs for the move on the heels of some higher cash. The stock market saw some consolidation but McCormick explains

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9:11

Markets Now Early Markets 9-20-24

Markets Now with Michelle Rook ·

2024/09/20

Cattle futures start lower Friday morning after new highs for the move Thursday. Scott Varilek, Kooima Kooima Varilek, says that market is overbought and into chart resistance and so traders are taking some profits ahead of the Cattle on Feed Report. Cash cattle trade has been quiet but the signal of a bottom has brought buyers into the futures as well as lower interest rates and the strong stock market. Hog futures also making new highs for the move Friday morning pushed by speculative or

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10:38

Markets Now Closing Markets - 9-19-24 Audio

Markets Now with Michelle Rook ·

2024/09/19

Grains end lower Thursday with livestock to the plus side. Mike Minor, Professional Ag Marketing, says corn and soybean markets saw some early harvest pressure plus some rain chances in Brazil in early October also played a role. Wheat fell with better rain chances in the Central and Southern Plains. However, all the grain markets have technically run into chart resistance. Cattle and hogs and the stock market all rallied together in a delayed reaction to the Fed cutting interest rates for the

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9:19

Markets Now Early Markets 9-19-24

Markets Now with Michelle Rook ·

2024/09/19

Grains are mixed early with livestock mostly higher. Soybeans are holding slight gains on strong weekly exports but DuWayne Bosse, Bolt Marketing, says they may struggle to stay above the 50 day moving average with harvest progressing. Corn is being pulled down by wheat and looking for more yield data, while wheat is seeing continued profit taking with a higher dollar, slower exports and rains in the SW Plains. Cattle futures are strong with the rally in the stock market, lower interest rates and

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9:16

Markets Now Closing Markets - 9-18-24 Audio

Markets Now with Michelle Rook ·

2024/09/18

Grain and livestock futures end mixed on Wednesday as markets were awaiting the FOMC decision. Darren Frye, Water Street Advisory, says the 50 basis point interest rate cut by the Fed was largely anticipated but the market is expecting additional easing by year end and this will be friendly for the ag sector especially as it weakens the dollar. Soybeans rallied on both supply and demand factors but could not close above key resistance but Frye thinks the market will continue to move higher. Corn

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11:21

Markets Now Early Markets 9-18-24

Markets Now with Michelle Rook ·

2024/09/18

Grains higher led by soybeans. Kent Beadle, Paradigm Futures, says China soybean prices spiked higher with rumors of them buying U.S. beans. Plus, early yield reports on soybeans have been disappointing. However, November finally got above the 50 day moving average. Corn and wheat are extending slight gains from Tuesday with soybeans and stronger demand. Live cattle had a strong technical close yesterday but are in a holding pattern awaiting the FOMC decision and hogs are chopping as well. See

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3:51

Markets Now Closing Markets - 9-17-24 Audio

Markets Now with Michelle Rook ·

2024/09/18

Cattle futures close strong Tuesday and the cash market has finally bottomed. Brad Kooima, Kooima Kooima Varilek, discusses whether or not the market can build on it and what's ahead for 4th quarter. See omnystudio.com/listener for privacy information.

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12:08

Markets Now Closing Markets - 9-16-24 Audio

Markets Now with Michelle Rook ·

2024/09/16

Grains ended lower on Monday with livestock mixed. Mark Schultz, Northstar Commodity, says wheat led the losses taking out weather premium and that weighed on corn. Soybeans tried to rally on export business but ran into chart resistance and early harvest pressure. Live cattle set back despite higher cash last week and higher boxed beef values at noon again seeing a technical setback in the December. Hogs managed to bounce with cutouts and despite lower cash.See omnystudio.com/listener for

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11:55

Markets Now Early Markets - 9-16-24 Audio

Markets Now with Michelle Rook ·

2024/09/16

Cattle futures opened higher and feeders are holding gains with lower but live cattle see some profit taking despite better cash news. Brad Kooima, KKV, says the cash market has bottomed and he expects higher trade this week and he thinks cattle futures can technically build on last week's higher weekly closes. He is watching $179.50 resistance in December live cattle for confirmation. Hogs started mixed with the front months gaining on the deferreds with some forward spreading but Kooima says

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12:18

Markets Now Closing Markets - 9-13-24 Audio

Markets Now with Michelle Rook ·

2024/09/13

Grains end mixed Friday with livestock lower. Alan Brugler, A & N Economics, says wheat led gains with a lower dollar as that market is seasonally trying to bottom. Wheat pulled up corn but the market was still working in the lower ending stocks numbers from the Thursday WASDE. Soybeans failed to extend Thursday's gains running into chart resistance again. However, all the grains ended with higher weekly closes, so are the lows in? Cattle set back Friday despite steady cash but put for the

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10:23

Markets Now Early Markets 9-13-24

Markets Now with Michelle Rook ·

2024/09/13

Cattle continue higher pushed by better cash news. Scott Varilek with Kooima Kooima Varilek says early cash has been steady in the South at $181 which would at least stop the bottoming process. The turn back higher in the stock market has helped ease the nervous selling by fund traders as well. Hogs seem to be following but he doesn't think the recent highs will be retested due to rising numbers and tightening shackle space. Grains are all higher with corn and soybeans extended Thursday's rally

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10:39

Markets Now Closing Markets - 9-10-24 Audio

Markets Now with Michelle Rook ·

2024/09/10

Grain and livestock end mixed Tuesday. Soybeans saw double digit losses and November fell below $10 on profit taking and better than expected crop ratings driving yield ideas headed into the WASDE. Dave Chatterton, Strategic Farm Marketing, says the lack of China export business was also negative. Corn was caught between the lower soybeans and higher wheat market which saw short covering. Crude oil collapsed again and that macro market also cast demand fears on the ag futures. Live cattle saw a

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11:56

Markets Now Early Markets - 9-10-24

Markets Now with Michelle Rook ·

2024/09/10

Soybeans and corn set back early on profit taking and report positioning. Shawn Hackett, Hackett Financial Advisors discusses what yield and ending stocks numbers are already dialed into prices and what the market will trade after the report. Wheat consolidates has been seeing better demand and dry weather in the U.S. and Black Sea is being watched. Cotton is up Tuesday but has been disappointing as its been more tied to economic concerns than lower production. Hackett also discusses what's

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11:21

Markets Now Closing Markets - 9-9-24 Audio

Markets Now with Michelle Rook ·

2024/09/09

Arlan Suderman with StoneX discusses whether or not the harvest lows are in on corn and soybeans, the recent Chinese soybean purchases and what he expects from the WASDE on Thursday. Plus, is wheat getting uncompetitive after the recent rally? Cattle see a big recovery with the stock market higher and expectations for better cash trade. See omnystudio.com/listener for privacy information.

en-US

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Markets Now with Michelle Rook

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