Grains see short covering early with a lower dollar then turn mixed searching for news and watching weather. Cattle 2-sided but starting to position for the COF report.  Hogs chop. DuWayne Bosse, Bolt Marketing, has more. 

Grains see short covering early with a lower dollar then turn mixed searching for news and watching weather. Cattle 2-sided but starting to position for the COF report.  Hogs chop. DuWayne Bosse, Bolt Marketing, has more.

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 4-17-24

Grain and livestock futures are mixed early Wednesday.  Wheat is consolidating and pulling down corn, while soybeans are seeing a bounce with bean oil despite more deliveries.  When will the grain markets start to trade weather and planting delays?  Chuck Shelby, Risk Management Commodities, has more.  Plus a look at how cattle continue to chase H5N1 headlines and how that might be beneifitting the hog market.

Grain and livestock futures are mixed early Wednesday.  Wheat is consolidating and pulling down corn, while soybeans are seeing a bounce with bean oil despite more deliveries.  When will the grain markets start to trade weather and planting delays?  Chuck Shelby, Risk Management Commodities, has more.  Plus a look at how cattle continue to chase H5N1 headlines and how that might be beneifitting the hog market.

Markets Now Early Markets 5-1-24

Grains end lower on heavy deliveries against the May soybean oil and Chicago wheat contracts, end of month profit taking and the fast planting pace.  Plus, outside markets were risk off with the stock market lower and the dollar higher, which also weighed on cattle.  Although Kent Beadle with Paradigm Futures says cattle also saw end of month positioning and fund liquidation for a second day with USDA testing ground beef in state impacted by H5N1.  Hogs ended mostly lower with the futures premium to a softening lean hog index.  

Grains end lower on heavy deliveries against the May soybean oil and Chicago wheat contracts, end of month profit taking and the fast planting pace.  Plus, outside markets were risk off with the stock market lower and the dollar higher, which also weighed on cattle.  Although Kent Beadle with Paradigm Futures says cattle also saw end of month positioning and fund liquidation for a second day with USDA testing ground beef in state impacted by H5N1.  Hogs ended mostly lower with the futures premium to a softening lean hog index.

Markets Now Closing Markets -4-30-24 Audio

Grains drifting lower on end of month profit taking.  Plus, its first notice day and there were heavy deliveries of bean oil and Chicago wheat.  Fast planting pace, especially on spring wheat and rain in the forecast for Russia is also weighing on the wheat market.  Cattle see follow through selling with USDA testing ground beef in affected states for bird flu, while hogs bounce on spreading against cattle and bouncing off chart support.  Randy Martinson, Martinson Ag, has more.  

Grains drifting lower on end of month profit taking.  Plus, its first notice day and there were heavy deliveries of bean oil and Chicago wheat.  Fast planting pace, especially on spring wheat and rain in the forecast for Russia is also weighing on the wheat market.  Cattle see follow through selling with USDA testing ground beef in affected states for bird flu, while hogs bounce on spreading against cattle and bouncing off chart support.  Randy Martinson, Martinson Ag, has more.

Markets Now Early Markets 4-17-24

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