Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after disappointment with steady cash, hogs continue to fall with cash. Chuck Shelby of Risk Management Commodities has more.  

Grains see a corrective buying with some export biz and dry Argentina weather, but will it hold? Cattle lower after disappointment with steady cash, hogs continue to fall with cash. Chuck Shelby of Risk Management Commodities has more.

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

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

Markets Now with Michelle Rook

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

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

Market Now Early Markets 1-6-23

Grains close higher on short covering and putting in some risk premium on geopolitical and weather concerns.  Live cattle ended higher with steady cash at $182 in the South and ahead of the COF. Hogs broke above chart resistance with help from the lower sow herd numbers in China.  Rich Nelson, Allendale, Inc. covers it all.  

Grains close higher on short covering and putting in some risk premium on geopolitical and weather concerns.  Live cattle ended higher with steady cash at $182 in the South and ahead of the COF. Hogs broke above chart resistance with help from the lower sow herd numbers in China.  Rich Nelson, Allendale, Inc. covers it all.

Markets Now Closing Markets -4-19-24 Audio

Cattle seeing some pressure positioning ahead of the Cattle on Feed Report and with the lack of cash news. Plus, uncertainty with Israel attacking Iran overnight.  However, the market is absorbing that and the HPAI news pretty well according to Scott Varilek, Kooima Kooima Varilek.  Hogs are consolidating under the recent highs but supported by stronger cash and cutouts.  Grains are putting some war premium in and seeing some short covering after soybeans hit new lows for the move Thursday.  Plus EPA is expected to announce E15 sales for summertime.

Cattle seeing some pressure positioning ahead of the Cattle on Feed Report and with the lack of cash news. Plus, uncertainty with Israel attacking Iran overnight.  However, the market is absorbing that and the HPAI news pretty well according to Scott Varilek, Kooima Kooima Varilek.  Hogs are consolidating under the recent highs but supported by stronger cash and cutouts.  Grains are putting some war premium in and seeing some short covering after soybeans hit new lows for the move Thursday.  Plus EPA is expected to announce E15 sales for summertime.

Markets Now Early Markets 4-19-24

Soybeans make new lows for the move with South American hedge pressure dragging down beans and that spilled over into the corn market.  Wheat futures were able to make some gains with concerns about crop conditions and dry weather, despite China export cancellations on this morning's export sales report.  Cattle end mostly higher but positioning ahead of cash news and the Cattle on Feed Report.  Outside markets continue to watch geopolitical headlines.  Arlan Suderman, StoneX, has analysis.  

Soybeans make new lows for the move with South American hedge pressure dragging down beans and that spilled over into the corn market.  Wheat futures were able to make some gains with concerns about crop conditions and dry weather, despite China export cancellations on this morning's export sales report.  Cattle end mostly higher but positioning ahead of cash news and the Cattle on Feed Report.  Outside markets continue to watch geopolitical headlines.  Arlan Suderman, StoneX, has analysis.

Market Now Early Markets 1-6-23

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