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

2:29

Markets Now Closing Markets - 8-20-24 Audio

Markets Now with Michelle Rook ·

2024/08/21

Soybean prices are at 3 1/2 to 4 year lows with a projected record crop on the way. Chip Nellinger, Blue Reef Agri-Marketing, shares marketing advice in this low price environment for both old and new crop. See omnystudio.com/listener for privacy information.

en-US

2:18

Markets Now Closing Markets - 8-19-24 Audio

Markets Now with Michelle Rook ·

2024/08/21

Old and new crop corn are close to contract lows with a record corn crop on the way. Tomm Pfitzenmaier, Summit Commodity Brokerage, discusses his marketing advice for farmers in this low price environment. See omnystudio.com/listener for privacy information.

en-US

11:23

Markets Now Closing Markets - 8-16-24 Audio

Markets Now with Michelle Rook ·

2024/08/16

Corn and soybeans make more contract lows with fund selling. Chip Nellinger, Blue Reef Agri-Marketing, says it was triggered by beneficial rains the last few days in the Corn Belt, anticipation Pro Farmer will confirm big yields in the Crop Tour and farmer selling of old crop bushels. Wheat divorced itself from row crops on short covering but can it bottom without a pick up in demand? Cattle saw more fund long liquidation with lower cash trade and hogs followed. See omnystudio.com/listener for

en-US

11:32

Markets Now Early Markets 8-16-24 Audio

Markets Now with Michelle Rook ·

2024/08/16

Grains all lower Friday morning. Kent Beadle with Paradigm Futures says row crops are working in rains over the last 72 hours in the Corn Belt, anticipation of big yields in the Pro Farmer Crop Tour and increased farmer selling of old crop corn which has pushed September into contract lows. Wheat has followed corn and soybeans. Cattle are under pressure on fund long liquidation, despite several strong fundamentals including lower corn prices and higher boxed beef values. Hogs are following cattle

en-US

2:39

Markets Now Closing Markets - 8-14-24 Audio

Markets Now with Michelle Rook ·

2024/08/15

USDA provided some surprises for the wheat market in Monday's WASDE with a drop in production, acreage and ending stocks. Randy Martinson, Martinson Ag, says the biggest changes came in Hard Red Spring Wheat production with a drop in production of 34 million bushels after most expected an increase and acreage was also lowered by 555,000 acres. So what does this mean for price moving forward, especially with lackluster demand? See omnystudio.com/listener for privacy information.

en-US

9:07

Markets Now Closing Markets - 8-13-24 Audio

Markets Now with Michelle Rook ·

2024/08/13

Another lower day in most of the grain markets with new lows in soybeans. Tomm Pfitzenmaier, Summit Commodity Brokerage, says soybeans suffered from report hangover, strong crop rating and ideal August weather and that all weighed on the corn market as well and negated the key reversal. Plus, he says corn saw farmer selling after the higher close Monday. Wheat was mostly lower even with a softer dollar as demand is still slow. Cattle bounced but can the market build on it? He says it might just

en-US

9:36

Markets Now Early Markets 8-13-24 Audio

Markets Now with Michelle Rook ·

2024/08/13

Grains are all lower with soybeans making new lows on USDA report hangover. Randy Martinson, with Martinson Ag, says soybeans are also seeing pressure from strong crop ratings and forecasted rain. That is spilling over and dragging down corn and wheat, despite flash export sales of both corn and soybeans this morning. Cattle trade 2-sided as every uptick in the market seems to create an opportunity for funds to liquidate and he says the futures may test the December lows. See

en-US

11:15

Markets Now Closing Markets - 8-12-24 Audio

Markets Now with Michelle Rook ·

2024/08/12

Soybeans make new lows after a bearish punch from the WASDE trying to digest not only record yield but a 560 million bushel ending stocks figure. Ted Seifried, Zaner Ag Hedge, says prices may have to go lower as a result. The corn balance sheet ended slightly friendly with record yield but lower ending stocks by 25 million bushels and scored a bullish key reversal. Seifried is cautious the market can build on it though. Wheat ended mixed with winter wheat futures lower despite USDA lowering

en-US

12:18

Markets Now Midday Markets and Report Analysis 8-12-24

Markets Now with Michelle Rook ·

2024/08/12

Grains were mostly lower following the August WASDE but have since turned mixed. Brian Splitt, AgMarket.Net says soybeans are seeing double digit losses and may have more down side as they were the bearish report leader. USDA increased yield, production, harvested acres, plus ending stocks were up 125 million bushels. Corn yield was also raised to a record 183.1 bpa but was offset by 700,000 less harvested acres so production was up only 47 million bushels and with an increase in old crop and new

en-US

10:47

Markets Now Closing Markets - 8-9-24 Audio

Markets Now with Michelle Rook ·

2024/08/09

New crop corn and soybeans continue to crack out new contract lows. Oliver Sloup, Blue Line Futures, says the markets are preparing for higher yields in the August WASDE and he discusses how much bearishness is priced in. However, he was disappointed better export new failed to support soybeans. Wheat looks like its trying to bottom he says perhaps pricing in global production concerns. Cattle stage a relief rally but can the market build on it? While Sloup says hogs are choppy and rangebound.

en-US

10:17

Markets Now Early Markets 8-9-24 Audio

Markets Now with Michelle Rook ·

2024/08/09

Grains are mixed early with wheat seeing short covering follow the European market strength. Darin Newsom, with Barchart, says he's watching money flow in the grain markets and thinks the funds could start covering their short position if the stock market continues to show weakness. Despite higher wheat, corn is struggling under the weight of a big crop. Soybeans are mixed seeing bull spreading with export business finally accounced to China and unknown this morning. Cattle see a short covering

en-US

2:25

Markets Now Closing Markets - 8-8-24 Aduio

Markets Now with Michelle Rook ·

2024/08/08

The cattle markets end lower again on Thursday. Scott Varilek with Kooima Kooima Varilek says live and especially feeder cattle futures and have had a sizable correction from the recent highs. It's come in tandem with the pull back in the stock market and underlying recessionary fears which have caused fund long liquidation. If the stock market stabilizes how much of a recovery can we expect in the cattle market? See omnystudio.com/listener for privacy information.

en-US

12:32

Markets Now Closing Markets - 8-7-24 Audio

Markets Now with Michelle Rook ·

2024/08/07

Grain and livestock mostly lower on Wednesday, except live cattle. Matt Bennett, AgMarket.Net. says grains saw more fund selling with corn and soybeans weighed on by bigger yield ideas in the upcoming WASDE, favorable weather and the lack of China export business. Will USDA offset higher yield with lower acreage and if not is there more price pressure ahead? Live cattle saw a slight bounce but can the market stage a recovery until the stock market stabilizes and have feeder cattle done too much

en-US

11:33

Markets Now Early Markets 8-7-24 Audio

Markets Now with Michelle Rook ·

2024/08/07

Cattle are higher early continuing to recover with the stock market but how much can cattle recover after the technical damage done on the charts? Scott Varilek, Kooima Kooima Varilek, says demand is still holding together so it may be a function of the cash market. Hogs continue to chop and are lower today with lower cutouts. Corn and soybeans continue to see selling pressure with new lows in soybeans on higher yield expectations in the upcoming WASDE and no confirmation of China soybean

en-US

7:47

Markets Now Closing Markets - 8-6-24 Audio

Markets Now with Michelle Rook ·

2024/08/06

Grain and livestock closed mixed Tuesday. Vince Boddicker, Farmers Trading Company, says corn and soybeans could not extend gains for a third day running into chart resistance and with strong crop rating and favorable weather. Wheat saw light short covering and a boost from higher Russian wheat prices. Live cattle ended mixed trying to consolidate with a stable stock market, but feeder cattle made new lows for the move again with more technical selling on ugly charts. Lean hogs saw a short

en-US

10:24

Markets Now Early Markets 8-6-24

Markets Now with Michelle Rook ·

2024/08/06

Grain markets start off lower Tuesday but Kent Beadle of Paradigm Futures says corn has found some buying interest and short covering for a third day. Meanwhile soybeans are weighed on by strong crop ratings and the lack of China business, plus lower bean oil. Wheat futures are getting pressure from the higher dollar and spring wheat harvest. Cattle are trying to recover with the higher stock market and hogs are following. See omnystudio.com/listener for privacy information.

en-US

9:04

Markets Now Closing Markets - 8-5-24 Audio

Markets Now with Michelle Rook ·

2024/08/05

Livestock ended sharply lower as a risk off selloff in global equity markets spilled over to cause fund long liquidation. Chuck Shelby, Risk Management Commodities, says grains started off lower but with funds short in those markets they quickly covered shorts and unwound some of that position to offset their losses in the stock market. Shelby talks about what all this means longer term for the ag markets, especially if recession talk continues. See omnystudio.com/listener for privacy

en-US

10:41

Markets Now Eary Markets 8-5-24

Markets Now with Michelle Rook ·

2024/08/05

The risk off selling in U.S. and global equity markets start the grain and livestock futures all lower. Brad Kooima of Kooima Kooima Varilek says the protein sector is down with ideas of slower demand. The cattle market selloff started late last week and currently the October live cattle are below the 100 day moving average. Cash was steady to $2 lower so what will the plunge in futures mean for cash cattle trade this week? Grains start lower with risk off selling but corn is trying to claw back

en-US

9:51

Markets Now Closing Markets -8-2-24 Audio

Markets Now with Michelle Rook ·

2024/08/02

Grains end higher on Friday mostly due to short covering as the markets were oversold. DuWayne Bosse with Bolt Marketing says it will be tough to build on it starting a new week with growing yield ideas and lack of a serious weather threat. Soybeans did see 7.4 million bushels of new crop export business to China which was supportive and wheat got a boost from a sharply lower dollar. However, livestock futures set back with the collapse in the stock market and some long fund liquidation in the

en-US

10:11

Markets Now Early Markets 8-2-24

Markets Now with Michelle Rook ·

2024/08/02

Grains see some end of week short covering but Tomm Pfitzenmaier of Summit Commodity Brokerage says the 7-day forecast also looks a little hotter and drier which is helping out. China bought another 7.4 million bushels of new crop soybeans Friday which is supportive. Plus, he thinks the melt down in the stock market may be bringing some money into the grains but is it enough to get the funds to blow out of their short positions? Not likely he says and Friday's bounce in the grains may not be

en-US

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Markets Now with Michelle Rook

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