Grains were mostly higher with new contract highs in soybean meal putting in South American weather premium, but corn a reluctant follower.  Live cattle score new contract highs on higher cash, but can the market keep moving higher?  Matt Bennett of AgMarket.Net has the answers.  

Grains were mostly higher with new contract highs in soybean meal putting in South American weather premium, but corn a reluctant follower.  Live cattle score new contract highs on higher cash, but can the market keep moving higher?  Matt Bennett of AgMarket.Net has the answers.

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.

Markets Now Closing Markets 01-30-23

Grains see technical selling pressure from weather and the fast planting pace.  Cattle try to extend gains for a second day, so is the HPAI fear subsiding?  Hogs have topped but where do they go next with continued firm cash and cutouts?  Kent Beadle, Paradigm Futures, has insight.  

Grains see technical selling pressure from weather and the fast planting pace.  Cattle try to extend gains for a second day, so is the HPAI fear subsiding?  Hogs have topped but where do they go next with continued firm cash and cutouts?  Kent Beadle, Paradigm Futures, has insight.

Markets Now Early Markets 4-16-24

Grains end lower on Monday on weather forecasts for rain in the corn belt, a pick up in farmer selling after the rally Friday and with farmers having to price or roll basis fixed contracts into the end of April.  Randy Martinson, Martinson Ag says the grain markets were also removing war premium after Middle East fighting failed to escalate to all out war.  Cattle saw a short covering bounce with triple digit gains as that market was oversold despite a lower stock market.  

Grains end lower on Monday on weather forecasts for rain in the corn belt, a pick up in farmer selling after the rally Friday and with farmers having to price or roll basis fixed contracts into the end of April.  Randy Martinson, Martinson Ag says the grain markets were also removing war premium after Middle East fighting failed to escalate to all out war.  Cattle saw a short covering bounce with triple digit gains as that market was oversold despite a lower stock market.

Markets Now Closing Markets -4-15-24 Audio

Cattle see a short covering bounce after a lower week and with less war fear.  But can it be sustained?  Brad Kooima of Kooima Kooima Varilek says he's wants a close in June live cattle above the 100 day moving average for confirmation.  Hogs continue to see fund liquidation and profit taking.  Grains retreat on farmer selling, weather and expected fast planting progress in the USDA report.  

Cattle see a short covering bounce after a lower week and with less war fear.  But can it be sustained?  Brad Kooima of Kooima Kooima Varilek says he's wants a close in June live cattle above the 100 day moving average for confirmation.  Hogs continue to see fund liquidation and profit taking.  Grains retreat on farmer selling, weather and expected fast planting progress in the USDA report.

Markets Now Closing Markets 01-30-23

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