Grains mixed with wheat seeing follow through corrective buying, soybeans under pressure with more technical selling and good rains in Argentina.  Corn is caught in the middle.  Cattle and milk markets are lower.  Bryan Doherty of Total Farm Marketing has details.   

Grains mixed with wheat seeing follow through corrective buying, soybeans under pressure with more technical selling and good rains in Argentina.  Corn is caught in the middle.  Cattle and milk markets are lower.  Bryan Doherty of Total Farm Marketing has details.

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 Early Markets 1-25-23 Audio

Grains rally on fund short covering.  Soybeans and soybean meal took the lead adding weather premium with heavy rains and flooding in southern Brazil and parts of Argentina.  Corn followed soybeans and wheat higher, but may be trading some early concerns about planting delays with the wet forecast for the corn belt.  Wheat was adding weather premium due to the lack of rain on southwest HRW areas and parts of Russia.  So are we seeing a chart breakout that will keep funds covering short positions to keep the rally going?  John Payne, Advance Trading, has details plus covers the recent slide in cotton and the recovery in cattle after negative tests for H5N1 in ground beef.  

Grains rally on fund short covering.  Soybeans and soybean meal took the lead adding weather premium with heavy rains and flooding in southern Brazil and parts of Argentina.  Corn followed soybeans and wheat higher, but may be trading some early concerns about planting delays with the wet forecast for the corn belt.  Wheat was adding weather premium due to the lack of rain on southwest HRW areas and parts of Russia.  So are we seeing a chart breakout that will keep funds covering short positions to keep the rally going?  John Payne, Advance Trading, has details plus covers the recent slide in cotton and the recovery in cattle after negative tests for H5N1 in ground beef.

Markets Now Closing Markets -5-2-24 Audio

Cattle futures gap higher on the open with APHIS announcing negative tests for bird flu in ground beef and cash trade and bids moving higher.  Plus, a marketing year high for beef exports.  Hogs set back after taking out support and with the futures at a premium to the cash index.  Grains rally on planting delays in the U.S. and harvest problems in South America.  Is a technical breakout in the making?  Scott Varilek, Kooima Kooima Varilek has it all!

Cattle futures gap higher on the open with APHIS announcing negative tests for bird flu in ground beef and cash trade and bids moving higher.  Plus, a marketing year high for beef exports.  Hogs set back after taking out support and with the futures at a premium to the cash index.  Grains rally on planting delays in the U.S. and harvest problems in South America.  Is a technical breakout in the making?  Scott Varilek, Kooima Kooima Varilek has it all!

Markets Now Early Markets 5-2-24

Corn, soybeans and bean oil see a short covering technical bounce, but is corn also adding some weather premium?  Wheat corrects with rain the forecast for dry HRW areas so is it routine profit taking or is the rally about over?    The FOMC leaves rates unchanged so why did the stock market rally?  Ted Seifried, Zaner Ag Hedge, has the answers. Plus, he says cattle see fund liquidation on continued fears about H5N1 and he is watching the April lows for support on the charts.  

Corn, soybeans and bean oil see a short covering technical bounce, but is corn also adding some weather premium?  Wheat corrects with rain the forecast for dry HRW areas so is it routine profit taking or is the rally about over?    The FOMC leaves rates unchanged so why did the stock market rally?  Ted Seifried, Zaner Ag Hedge, has the answers. Plus, he says cattle see fund liquidation on continued fears about H5N1 and he is watching the April lows for support on the charts.

Markets Now Early Markets 1-25-23 Audio

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