Markets Now with Michelle RookMarkets Now with Michelle Rook

Markets Now Closing Markets -7-2-24 Audio

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Corn and soybeans end slightly higher on short covering, but Tomm Pfitzenmaier with Summit Commodity Brokerage, says rallies will be hard to come by in those markets with funds short and no real reason to change trend.  Wheat back lower consolidating after an up day Monday but seeing harvest pressure start to ease. Cattle rebound in the face of record cash but futures don't make new highs.  Hogs saw bull spreading and while a bottom may be in he says the market may move sideways for a while.  

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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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