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

2:09

Markets Now Closing Markets -3-19-24

Markets Now with Michelle Rook ·

2024/03/20

What will farmers plant in 2024 and what is the markte telling them to plant? Randy Martinson, Martinson Ag, shares insight and expecatations for the Northern Plains. See omnystudio.com/listener for privacy information.

en-US

2:16

Markets Now Closing Markets - 3-18-24

Markets Now with Michelle Rook ·

2024/03/18

Cattle close higher Monday reacting to near to record cash prices. However, the market fails to take out last week's highs and negate chart reversals. Has the cattle market scored an intermediate top? Or will prices take out the record highs in 2023? Scott Varillek, Kooima Kooima Varilek, has the answers. See omnystudio.com/listener for privacy information.

en-US

9:53

Markets Now Closing Markets -3-15-24 Audio

Markets Now with Michelle Rook ·

2024/03/15

Corn and soybeans end higher on Friday with fund short covering and soybeans reversing after a record NOPA crush figure at 186.2 mb. Soybeans ended higher for the week and look like the funds will continue to take profits off the table heading into USDA reports and end of month and quarter. Corn was slightly lower for the week as it continues to be held back by wheat which sank again on China cancellations of U.S., Australia and French wheat. Cattle rebounded Friday and were higher for the week

en-US

10:39

Markets Now Early Markets -3-15-24 Audio

Markets Now with Michelle Rook ·

2024/03/15

Cattle try to recover after a poor technical day Thursday which featured reversals despite higher cash trade. So did this signal an intermediate high? Hogs are rangebound. Grains also had poor technical closes hitting resistance and failing. Soybeans are seeing follow through selling, while corn is trying to rebound but all the grains are looking for fresh news. Scott Varilek, Kooima Kooima Varilek, has details. See omnystudio.com/listener for privacy information.

en-US

6:34

Markets Now Closing Markets -3-14-24 Audio

Markets Now with Michelle Rook ·

2024/03/14

Grains end lower on Thursday even soybeans after May ran up to aroudn $12.17 and then ran into chart resistance and saw farmer selling or hedge pressure. However, the lower wheat market also drug down beans. Wheat fell as China cancelled 1 mmt of Australian wheat, after cancellations of French and U.S. wheat earlier. Jim McCormick, AgMarket.Net says its likely China is switching to Russian wheat as it has fell below $200/metric ton. The lower wheat market also weighed on corn but it too hit

en-US

11:40

Markets Now Midday Markets 3-14-24

Markets Now with Michelle Rook ·

2024/03/14

Grains all lower even soybeans which gave up the early rally above $12 on profit taking and farmer selling. Wheat pressured by poor exports and Russia competition, which pulled down corn. Allendale also releasing their annual acreage survey, we look at the results with Rich Nelson. Cattle also make new near term highs then fail.See omnystudio.com/listener for privacy information.

en-US

9:40

Markets Now Early Markets 3-14-24

Markets Now with Michelle Rook ·

2024/03/14

Wheat is lower on poor exports, China's cancellations of French wheat and Russia dumping wheat at below $200/metric ton on the world market. That has drug down corn but it also hit chart resistance despite good export news. Soybeans are seeing fund shortcovering and help from higher products. Cattle extend gains on strong demand. Crude oil has also move above $80 in nearby contracts. Darin Newsom, Barchart Senior Market Analyst, has more. See omnystudio.com/listener for privacy

en-US

9:38

Markets Now Closing Markets -3-13-24 Audio

Markets Now with Michelle Rook ·

2024/03/13

Corn and soybean end nearly steady after taking another run at $12 on soybeans and $4.45 to $4.50 on corn which served as resistance on the charts. Plus some farmer selling has capped the rally. However, Don Roose, U.S. Commodities, says the markets have stopped going down and are adding risk premium. Wheat fell with China cancelling French wheat. Live cattle make new highs for the move, while hogs see some profit taking and hedge pressure. See omnystudio.com/listener for privacy

en-US

7:04

Markets Now Early Markets 3-13-24

Markets Now with Michelle Rook ·

2024/03/13

Grains see early pressure with profit taking as corn and soybean contract have run into chart resistance but are also seeing a bump in farmer selling. China economic news is also bearish. Wheat seeing pressure from lower Russian wheat prices and fear of more China cancellations. Cattle extend Tuesday's gains with help from higher boxed beef and still within a trading range. Hogs are seeing profit taking and hedge pressure. Kent Beadle, Paradigm Futures, has details. See omnystudio.com/listener

en-US

13:14

Markets Now Closing Markets -3-12-24 Audio

Markets Now with Michelle Rook ·

2024/03/12

Soybeans rally on lower Brazil production estimates and weather, plus the rally in soybean oil. Funds are covering shorts with soybeans above 40 day moving averages but will the keep buying and push contracts above $12? Corn ends off highs after running into chart resistance and with farmer selling. Wheat ended mixed still absorbing the China cancellations and lower Black Sea and European prices and that is capping technical rallies. Cotton continues to rally with tight supplies and bidding for

en-US

10:25

Markets Now Early Markets -3-12-24 Audio

Markets Now with Michelle Rook ·

2024/03/12

Cattle 2-sided early but trying to recover after a lower day Monday, but was Friday's reversal action an intermediate top in the market? What are cash cattle ideas for this week? Hogs mixed despite Tyson closing the Perry, Iowa plant. Grains recover after early pressure so are funds covering shorts and can the rally continue with corn now above the 40 day moving average? Brad Kooima, Kooima Kooima Varilek, has the answers. See omnystudio.com/listener for privacy information.

en-US

10:30

Markets Now Closing Markets -3-11-24 Audio

Markets Now with Michelle Rook ·

2024/03/11

Corn and wheat recovered nicely after the early pressure tied to China cancelling another 9.7 million bushels of Soft Red Winter wheat. Soybeans saw some farmer selling and profit taking pressure after running up into chart resistance and with China's poor PPI numbers. Cattle saw follow through selling after last week's chart reversal. Hogs consolidated but should be well supported by the rising cutout values. Mike Minor, Professional Ag Marketing, has more. See omnystudio.com/listener for

en-US

8:34

Markets Now Early Markets 3-11-24

Markets Now with Michelle Rook ·

2024/03/11

Grains are lower this morning after China cancelled another 9.7 mb of SRW wheat and China's PPI fell for the 17th consecutive month. The funds went even shorter in grains last week so what could get them to change that trend? Kevin Duling, KD Investors has insight and talks about the poor technical action in cattle. See omnystudio.com/listener for privacy information.

en-US

8:57

Markets Now Closing Markets -3-8-24 Audio

Markets Now with Michelle Rook ·

2024/03/08

Grains end higher following the WASDE with very little change in domestic balance sheets. USDA only lowered Brazil soybean production 1 mmt which was a bit disappointing but soybeans still closed higher Friday. In fact, all the grain markets except Chicago wheat had higher weekly reversals and closed above 20 day moving averages. Is this enough to get funds to cover short and produce a bigger rally? Wheat also shook off a second day of China SRW cancellations. Darren Frye, Water Street

en-US

9:17

Markets Now Midday Markets and Report Analysis 3-8-24

Markets Now with Michelle Rook ·

2024/03/08

USDA leaves corn and soybean ending stocks unchanged in the WASDE, but only makes slight adjustments to South American numbers. Chip Nellinger, Blue Reef Agri-Marketing says this is a disappointment but the markets are shrugging it off looking ahead to Conab numbers next week. USDA raised wheat ending stocks 15 million bushels and China cancelled another 4 million bushels of SRW wheat but the market is higher with a lower dollar. Cattle make new highs for the move with a push from higher cattle

en-US

9:59

Markets Now Early Markets 3-8-24

Markets Now with Michelle Rook ·

2024/03/08

Cattle futures are higher following higher cash in the north at $183-$187 by some regionals, dressed mostly $292, up $2. Cattle continue to see support from higher beef and fund buying with new highs in the deferreds. Hogs consolidating with April still at a premium to the index but deferreds are just off contract highs. Grains are failing after getting corn above the 20 day MA with markets taking a breather before the WASDE and with China cancelling another 4 mb of SRW wheat. Scott Varilek,

en-US

4:47

Markets Now Closing Markets - 3-7-24 Audio

Markets Now with Michelle Rook ·

2024/03/07

Grains end higher Thursday with technical buying and short covering by the funds. May corn climbed about the 20 day moving average which also triggered some buying. The markets also got help from better China economic news and lower Brazil crop estimates. Chicago wheat hit new contract lows with confirmation of the China cancellation of 4.6 million bushels of soft red winter wheat and then bounced with the other two classes. All the grains saw some positioning ahead of tomorrow's WASDE. So are

en-US

8:26

Markets Now Early Markets 3-7-24

Markets Now with Michelle Rook ·

2024/03/07

Grains see early strength with better economic news out of China and some lower private estimates on Brazil corn and soybeans. Weekly exports were better and while the China wheat cancellation was confirmed the market has priced it in. Corn was able to get above the 20-day moving average and we may be seeing some short covering in all the grains ahead of the WASDE. Cattle are mixed this morning ahead of cash development, hogs mostly higher trying to recover after profit taking and hedge pressure

en-US

8:53

Markets Now Closing Markets -3-6-24 Audio

Markets Now with Michelle Rook ·

2024/03/06

Corn ended higher on short covering which was impressive with new contract lows in wheat. Wheat saw technical selling, but talk of China SRW cancellations also weighed on futures. Soybeans continue to see Brazil harvest pressure. Cattle are consolidating waiting for cash to catch up and a third lower day in hogs which may also be to premium to cash. John Heinberg, Total Farm Marketing, has details. See omnystudio.com/listener for privacy information.

en-US

9:24

Markets Now Early Markets -3-6-24 Audio

Markets Now with Michelle Rook ·

2024/03/06

Grains continue to see technical selling pressure with wheat making new contract lows. Improved weather forecasts for the Southern Plains and Midwest and a lack of bullish news are factors. Cattle are consolidating under this week's highs waiting for cash to catch up. Outside markets are recovering after a down day Tuesday. Darin Newsom, Sr. Market Analyst, with Barchart has more. See omnystudio.com/listener for privacy information.

en-US

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Markets Now with Michelle Rook

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