Markets Now Closing Markets -4-24-24 Audio

Grains end mixed with wheat closing higher for the fifth consecutive day.  Is it all fund short covering or is the market concerned about U.S. and global production issues?  Soybeans end steady with corn lower, unable to follow wheat and taking a break after three up days.  So is the rally over the…

Markets Now Early Markets 4-24-24

Grains are quiet and chopping on both sides of steady on Wednesday after testing the top side of recent trading ranges.  Is the short covering rally and fund buying just about done?  Livestock have traded 2-sided early but are now favoring the downside.  Cattle are consolidating along with hogs.  V…

Markets Now Closing Markets -4-23-24 Audio

Grains end higher for a third day on speculative short covering and corrective buying.  However, wheat is still putting in risk premium and pulling corn and soybeans along.  Technically the markets have climbed above some key moving averages so is this the start of a bigger rally?  Plus, live cattl…

Markets Now Early Markets 4-23-24

Grains start mixed but quickly move higher extending gains from Monday.  Wheat has been leading on lower crop ratings and putting in weather and war premium.  Corn and soybeans have been following but also technically has also broke above key moving averages along iwth the wheat.  Cattle try to ext…

Markets Now Closing Markets -4-22-24 Audio

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 whea…

Markets Now Early Markets 4-22-24

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 Euro…

Markets Now Closing Markets -4-19-24 Audio

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, Alle…

Markets Now Early Markets 4-19-24

Cattle seeing some pressure positioning ahead of the Cattle on Feed Report and with the lack of cash news. Plus, uncertainty with Israel attacking Iran overnight.  However, the market is absorbing that and the HPAI news pretty well according to Scott Varilek, Kooima Kooima Varilek.  Hogs are consol…

Markets Now Closing Markets -4-18-24 Audio

Soybeans make new lows for the move with South American hedge pressure dragging down beans and that spilled over into the corn market.  Wheat futures were able to make some gains with concerns about crop conditions and dry weather, despite China export cancellations on this morning's export sales r…

Markets Now Early Markets 4-18-24

Corn and soybeans lower with slow exports and no weather issues to push the market.  Wheat is seeing short covering with frost concerns in the extended forecast. Livestock mixed.  Crude oil and gold are rallying on geopolitical concerns, but there have also been some contraseasonal moves in markets…