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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10:45

Markets Now Closing Markets - 9-6-24 Audio

Markets Now with Michelle Rook ·

2024/09/06

Grain and livestock futures all end in the red on Friday with risk off selling. Garrett Toay, AgTraderTalk, says it was tied to bearish outside markets and a selloff in the stock market and crude oil. Grains also saw profit taking after a decent rally off the lows and after hitting chart resistance. He thinks grains may trade sideways now until the USDA Report provides direction on yield and with harvest about to ramp up. Cattle futures had a tough day and a down week following lower cash and

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11:43

Markets Now Early Markets 9-6-24

Markets Now with Michelle Rook ·

2024/09/06

Grains see early strength with strong new crop corn and soybean exports but then turn mixed. Darin Newsom, with Barchart says, the markets have run into chart resistance and may be getting tired. Plus, there may be some harvest pressure heading into the weekend. He says the recent rally in the grains follows the seasonal patterns and while demand news and weather have been helpful, most of the push has been fund short covering. Crude oil tries to recover after one of the worst week's in a year,

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10:19

Markets Now Closing Markets - 9-5-24 Audio

Markets Now with Michelle Rook ·

2024/09/05

Mike Zuzulo, Global Commodity Analytics, says corn and wheat set back on profit taking. Soybeans start lower but rebound with export business to China and unknown destinations and some concerns about dryness in Brazil impacting planting. Cattle futures have a tough technical day taking out key support but lower cash at $181 in the South also hit futures. He says lean hogs followed cattle but also saw some profit taking with China economic concerns weighing on the market.See

en-US

10:27

Markets Now Early Markets 9-5-24

Markets Now with Michelle Rook ·

2024/09/05

Scott Varilek, Kooima Kooima Varilek, says cattle see more pressure with some early cash trade at lower money after hopes for steady, plus higher weights. October live cattle need to hold the uptrend line technically as he says that contract is setting right on that critical point. Hog futures are down for a second day seeing profit taking and lower cutouts weigh on futures, so he thinks the rally is over. Grains are taking a breather Thursday after a nice rally but he doesn't think its over as

en-US

9:19

Markets Now Closing Markets - 9-4-24 Audio

Markets Now with Michelle Rook ·

2024/09/04

Grains continue to rally on Wednesday with livestock leaning lower. Rich Nelson with Allendale, Inc. says funds are covering short positions but there is also a fundamental push coming from moderating yield expectations. That was reflected in their national annual yield survey. That combined with a pick up in demand could keep the rally going for awhile. Cattle futures consolidate with some early lower cash at $180 in Kansas and despite strong beef values post-Labor Day. Hog futures also set back

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13:18

Markets Now Early Markets 9-4-24

Markets Now with Michelle Rook ·

2024/09/04

Grains try to build on yesterday's higher closes, while livestock are mixed. Dave Chatterton, Strategic Farm Marketing, says the funds have been covering their short position with strong technical signals, talk of lower yield and better demand. However, he's not sure how much farther grains can rally ahead of the WASDE and with a pick up in farmer selling. Cattle are consolidating after a higher day yesterday and despite strong boxed beef values. Lean hog futures continue to see managed money

en-US

9:47

Markets Now Closing Markets - 9-3-24 Audio

Markets Now with Michelle Rook ·

2024/09/03

Grain and livestock futures all close higher on Tuesday. Randy Martinson, Martinson Ag, says grains were able to technically build on higher weekly closes and with the outside market bearishness it looked like some money flowed into the ag sector or funds took some profits on their short positions. However, yield and crop conditions may be declining with the hot dry weather and the dryness persists in the extended forecast. Demand has also been picking up with 4.85 million bushels of flash soybean

en-US

9:10

Markets Now Closing Markets - 8-30-24 Audio

Markets Now with Michelle Rook ·

2024/08/30

Grains all close higher Friday and post higher weekly closes. Was it all fund short covering end of month or are the grain marktes changing trend? Bryan Doherty, Total Farm Marketing, dicusses what he's watching for confirmation the markets have bottomed. Cattle finish higher for the week, despite steady to lower cash. So can the market build on that? Hogs also extend gains Friday and for the week on fund buying but what are the fundamentals supporting the market? See omnystudio.com/listener

en-US

11:45

Markets Now Early Markets 8-30-24

Markets Now with Michelle Rook ·

2024/08/30

Grain and livestock futures are mostly higher early Friday. Scott Varilek, Kooima Kooima Varilek, says the cattle charts still look good if August live cattle can expire above $178 that will be very positive for the long term continuation charts. Cash trade this week has been steady in the South at mostly $183 with some steady live sales in the North, but dressed business at $292 is $2 lower. He is also concerned about weights running 24 pounds over a year ago with high priced feeders and four

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8:15

Markets Now Closing Markets - 8-29-24 Audio

Markets Now with Michelle Rook ·

2024/08/29

Jeff Hoogendoorn with Professional Ag Marketing says grains end to the plus side with corn and soybeans adding some weather premium on hot dry forecasts and ideas of declining yield. However, new crop exports for corn and beans were also supportive. Wheat followed the row crops but also saw some fund short covering and he says this may be evidence the managed money want to buy in the ag sector. Cattle set back on fund liquidation and lower cash and cutouts. Hogs continue to shine with technical

en-US

11:04

Markets Now Early Markets 8-29-24

Markets Now with Michelle Rook ·

2024/08/29

Corn and soybeans push higher on hot dry extended weather forecasts and strong new crop exports says Kent Beadle, Paradigm Futures. Wheat is mixed on spread trade and trying to short out quality issues with the Hard Red Spring wheat crop. Cattle set back with lower cutouts and lower cash trade, even though it is light in nature. Hogs continue higher with the push of strong exports and the futures discount to the index, plus hog cattle spreads. See omnystudio.com/listener for privacy

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9:14

Markets Now Closing Markets - 8-28-24 Audio

Markets Now with Michelle Rook ·

2024/08/28

Grain and livestock futures end mixed Wednesday. Tommy Grisafi, Advance Trading, says soybeans give back some gains after three higher days on rains that fell in the Corn Belt adding to the record yield and with First Notice Day coming up. Corn could not build on Tuesday's key reversal and was drug down by beans. While wheat extended gains on short covering and Grisafi says U.S. wheat has gotten too cheap, plus there are quality issues in the Hard Red Spring wheat in North Dakota that may make high

en-US

12:12

Markets Now Early Markets 8-28-24

Markets Now with Michelle Rook ·

2024/08/28

Grains are mixed early Wednesday and so are livestock. Craig Turner with StoneX says soybeans are setting back on First Notice Day selling and rains in the Corn Belt overnight, despite export biz. Corn is seeing some support from higher wheat and export sales. Wheat extends gains after key reversals yesterday and end of quarter short covering in what could also be bottoming action. Turner thinks corn, soybeans and wheat are at value levels and below the cost of production, so they may be forging

en-US

9:48

Markets Now Closing Markets - 8-27-24 Audio

Markets Now with Michelle Rook ·

2024/08/27

Grain and livestock futures end mostly higher on Tuesday. Don Roose, U.S. Commodities, says corn and wheat scored key reversals as the market may have dialed in the most bearish news but its also end of month and quarter which prompted some short covering by the funds. But is it possible corn and wheat are trying to bottom? Soybeans were higher for a third day adding weather premium so how high can prices go? Cattle extended gains after the outside day higher Monday on technical buying but tight

en-US

11:40

Markets Now Early Markets 8-27-24

Markets Now with Michelle Rook ·

2024/08/27

Mostly higher grain and livestock futures on Tuesday. DuWayne Bosse, Bolt Marketing, says soybeans have been up for three days putting in weather premium but are running into chart resistance. Corn made new contract lows overnight but is slightly higher following wheat, which is seeing some short covering on lower crop ratings and Mexico buying 5 mb of corn. Live and feeder cattle futures scored an outside day higher Monday despite a slightly bearish COF report and are seeing follow through

en-US

9:33

Markets Now Closing Markets - 8-26-24 Audio

Markets Now with Michelle Rook ·

2024/08/26

Soybeans ended higher putting weather premium, but John Payne, Advance Trading, says corn and wheat futures saw liquidation ahead of first notice day on Friday both complexes scoring new contract lows in the process. Live and feeder cattle futures had a higher day which was a surprise with the bearish placements in the Cattle on Feed Report. So, is that market starting to bottom. Hogs consolidate after a chart breakout but Payne says the market should be well supported with the futures discount

en-US

11:17

Markets Now Early Markets 8-26-24

Markets Now with Michelle Rook ·

2024/08/26

Cattle are the only market higher early Monday, which is a little surprising with the bearish placements number in the Cattle on Feed report. Brad Kooima, Kooima Kooima Varilek, breaks down the report and thinks the cash may bottom this week as well. Hogs are consolidating, while grains are all lower and corn makes new contract lows with a lower but still record yield still projected by Pro Farmer.See omnystudio.com/listener for privacy information.

en-US

9:36

Markets Now Closing Markets - 8-23-24 Audio

Markets Now with Michelle Rook ·

2024/08/23

Brian Grete, editor of Pro Farmer, provides their national corn and soybean yield and production estimates following the tour. What do these numbers mean for ending stocks and prices moving forward for both crops? And is it possible the most bearish ideas are already priced into the market? See omnystudio.com/listener for privacy information.

en-US

2:26

Markets Now Closing Markets - 8-22-24 Audio

Markets Now with Michelle Rook ·

2024/08/23

Darin Newsom with Barchart looks at if corn and soybeans could put in an early harvest low with record yields projected? See omnystudio.com/listener for privacy information.

en-US

2:29

Markets Now Closing Markets - 8-21-24 Audio

Markets Now with Michelle Rook ·

2024/08/23

Kent Beadle, Paradigm Futures, talks about the best hedging strategies for cattle and hog producers, especially with cheaper feed prices. See omnystudio.com/listener for privacy information.

en-US

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Markets Now with Michelle Rook

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