Grains back higher led by wheat on global crop concerns and lower Russian production but the markets can't get above chart resistance.  Cattle higher following a surge in wholesale beef.  Randy Martinson, Martinson Ag, has details.  

Grains back higher led by wheat on global crop concerns and lower Russian production but the markets can't get above chart resistance.  Cattle higher following a surge in wholesale beef.  Randy Martinson, Martinson Ag, 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 5-16-24

Grain and cattle futures end mostly lower on Friday and were lower for the week.  Is this topping action? Where do the markets go from here? Naomi Blohm, Total Farm Marketing, digs into the technicals, seasonals and other factors the markets will be watching starting a new month.  

Grain and cattle futures end mostly lower on Friday and were lower for the week.  Is this topping action? Where do the markets go from here? Naomi Blohm, Total Farm Marketing, digs into the technicals, seasonals and other factors the markets will be watching starting a new month.

Markets Now Closing Markets -5-31-24 Audio

Grains back higher after correcting the last three days and removing some weather premium.  Is this recovery all technical and will it last?  Darin Newsom, Sr. Market Analyst for Barchart, says wheat has the best chance of holding gains with concerns about drought still in 25% of HRW areas.  Markets are also keeping an eye on geopolitical events.  Cattle continue their slide for a third day.  

Grains back higher after correcting the last three days and removing some weather premium.  Is this recovery all technical and will it last?  Darin Newsom, Sr. Market Analyst for Barchart, says wheat has the best chance of holding gains with concerns about drought still in 25% of HRW areas.  Markets are also keeping an eye on geopolitical events.  Cattle continue their slide for a third day.

Markets Now Early Markets 5-31-24

Cattle end lower for a second day with China delisting beef from the JBS plant in Greeley, CO due to traces of ractopomine, plus end of month profit taking.  Cash has been light but a bit lower at $186 in the South, but some reports of $191 in the North.  Scott Varilek, Kooima Kooima Varilek, says the futures discount to cash has been supportive.  Hogs bounce on short covering as the market is over sold and spread unwinding with cattle.  Grains end lower on technical selling and removing weather premium but is this topping action?

Cattle end lower for a second day with China delisting beef from the JBS plant in Greeley, CO due to traces of ractopomine, plus end of month profit taking.  Cash has been light but a bit lower at $186 in the South, but some reports of $191 in the North.  Scott Varilek, Kooima Kooima Varilek, says the futures discount to cash has been supportive.  Hogs bounce on short covering as the market is over sold and spread unwinding with cattle.  Grains end lower on technical selling and removing weather premium but is this topping action?

Markets Now Early Markets 5-16-24

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