Grains and cotton higher on export news, higher crude oil, with soybeans building on the strong close over $15 yesterday and higher meal prices.  Cattle futures seeing profit taking awaiting cash but continue to show bullish optimism in the deferreds.  Hogs are down but April should find support around $80.  That's according to John Payne of Hedge Point Global Markets.  

Grains and cotton higher on export news, higher crude oil, with soybeans building on the strong close over $15 yesterday and higher meal prices.  Cattle futures seeing profit taking awaiting cash but continue to show bullish optimism in the deferreds.  Hogs are down but April should find support around $80.  That's according to John Payne of Hedge Point Global Markets.

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 1-28-23

A risk on day resulted in higher closes in both grain and livestock futures.  Funds were covering short positions in the grain market.  Wheat led the rally putting in weather premium on concerns in HRW areas of the U.S. plus there are problems in the Black Sea and Europe, plus India is pulling wheat out of their reserves due to tight supplies. Corn and soybeans followed wheat but also bounced off chart support areas.  Cattle rallied after a bullish placements number in the Cattle of Feed report and the buying in the stock market, hogs followed.  Jim McCormick, AgMarket.Net, has details.  

A risk on day resulted in higher closes in both grain and livestock futures.  Funds were covering short positions in the grain market.  Wheat led the rally putting in weather premium on concerns in HRW areas of the U.S. plus there are problems in the Black Sea and Europe, plus India is pulling wheat out of their reserves due to tight supplies. Corn and soybeans followed wheat but also bounced off chart support areas.  Cattle rallied after a bullish placements number in the Cattle of Feed report and the buying in the stock market, hogs followed.  Jim McCormick, AgMarket.Net, has details.

Markets Now Closing Markets -4-22-24 Audio

Cattle rally with the bullish placements number at 88% in the Cattle on Feed report and after steady cash in the south. What will cash do this week? Hogs fail to see follow through buying after the chart breakout Friday.  Grains rally led by the wheat market on weather concerns in the U.S. and Europe.  However, corn has strong demand and a higher seasonal pattern in its favor according to Brad Kooima of Kooima Kooima Varilek.  

Cattle rally with the bullish placements number at 88% in the Cattle on Feed report and after steady cash in the south. What will cash do this week? Hogs fail to see follow through buying after the chart breakout Friday.  Grains rally led by the wheat market on weather concerns in the U.S. and Europe.  However, corn has strong demand and a higher seasonal pattern in its favor according to Brad Kooima of Kooima Kooima Varilek.

Markets Now Early Markets 4-22-24

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 Early Markets 1-28-23

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