Markets Now with Michelle RookMarkets Now with Michelle Rook

Markets Now Closing Markets - 12-9-24 Audio

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Grains end mixed on Monday with corn and wheat seeing some value buying and adding risk premium on geopolitical concerns.  Corn continues to see strong demand and that could show up in the WASDE Tuesday as well.  Soybeans fell with lower Brazil basis levels as the market gears up for a record crop.  Tariff talk has been negative but he expects a trade war followed by a trade deal.  Cattle priced in higher cash but are still seeing apprehension and trading at a discount.  Hogs were lower on hedge pressure and Funds took a break from adding to their record long position.  But he says with 2% lower production than expected by USDA the market will be well supported.  

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Markets Now with Michelle Rook

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