USDA provides a bullish surprise on corn and soybean yields and ending stocks, little change on wheat.  Jim McCormick, AgMarket.Net breaks it down.  

USDA provides a bullish surprise on corn and soybean yields and ending stocks, little change on wheat.  Jim McCormick, AgMarket.Net breaks it down.

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 Midday Markets and Report Analysis 11-8-24

Corn and soybeans end slightly higher, wheat and livestock lower.  Alan Brugler, A and N Economics talks about some friendly numbers in the WASDE and if they can move the price meter, tariffs under the Trump Administration and export demand before and after Trump takes office.  We also talk about wheat, cotton, the record stock market impact on future fund actvitiy, plus if cattle are about ready to roll over after a poor close Friday.  

Corn and soybeans end slightly higher, wheat and livestock lower.  Alan Brugler, A and N Economics talks about some friendly numbers in the WASDE and if they can move the price meter, tariffs under the Trump Administration and export demand before and after Trump takes office.  We also talk about wheat, cotton, the record stock market impact on future fund actvitiy, plus if cattle are about ready to roll over after a poor close Friday.

Markets Now Closing Markets - 11-8-24 Audio

Grains are mixed early Friday, with pressure in the livestock.  Scott Varilek with Kooima Kooima Varilek says cattle futures are under pressure with Choice boxes down over $6 and light cash at $188 which is down from last week.  Feb live cattle futures have held support at the 100 day though.  Hogs seeing pressure from lower cutouts and following cattle but still seeing the cash index rise.  Grains are mixed ahead of the WASDE and despite more flash corn and soybean export sales this morning.  However, there may be some farmer selling in soybeans after the big rally and spreading between corn and beans.  

Grains are mixed early Friday, with pressure in the livestock.  Scott Varilek with Kooima Kooima Varilek says cattle futures are under pressure with Choice boxes down over $6 and light cash at $188 which is down from last week.  Feb live cattle futures have held support at the 100 day though.  Hogs seeing pressure from lower cutouts and following cattle but still seeing the cash index rise.  Grains are mixed ahead of the WASDE and despite more flash corn and soybean export sales this morning.  However, there may be some farmer selling in soybeans after the big rally and spreading between corn and beans.

Markets Now Early Markets 11-8-24

Grains close mixed Thursday, livestock mostly higher.  Chip Nellinger, Blue Reef Agri-Marketing, says soybeans ended with nearly 23 cent gains in the January contract on the heels of new highs for the move in the soybean oil market, spread unwinding with corn and solid weekly exports.  He says he's been surprised with the ability of the soybean complex to discount the tariff concerns under a Trump Administration.  Corn was up only a penny despite weekly exports of 109 million bushels, seeing farmer selling, profit taking on spreads and a lower wheat market. Wheat saw technical selling and better rains in HRW areas weigh on the market.  However, there was also positoning ahead of the Fed decision of a quarter point drop in interest rates, as well as the WASDE.  Nellinger is only expecting slight revisions on yield in the November report.  Cattle and hogs ended mostly higher with help from the lower interest rates and despite market year low exports for both beef and pork.  

Grains close mixed Thursday, livestock mostly higher.  Chip Nellinger, Blue Reef Agri-Marketing, says soybeans ended with nearly 23 cent gains in the January contract on the heels of new highs for the move in the soybean oil market, spread unwinding with corn and solid weekly exports.  He says he's been surprised with the ability of the soybean complex to discount the tariff concerns under a Trump Administration.  Corn was up only a penny despite weekly exports of 109 million bushels, seeing farmer selling, profit taking on spreads and a lower wheat market. Wheat saw technical selling and better rains in HRW areas weigh on the market.  However, there was also positoning ahead of the Fed decision of a quarter point drop in interest rates, as well as the WASDE.  Nellinger is only expecting slight revisions on yield in the November report.  Cattle and hogs ended mostly higher with help from the lower interest rates and despite market year low exports for both beef and pork.

Markets Now Midday Markets and Report Analysis 11-8-24

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