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Markets Now Closing Markets -5-2-24 Audio

Markets Now Closing Markets -5-2-24 Audio

FromMarkets Now with Michelle Rook


Markets Now Closing Markets -5-2-24 Audio

FromMarkets Now with Michelle Rook

ratings:
Length:
10 minutes
Released:
May 2, 2024
Format:
Podcast episode

Description

Grains rally on fund short covering.  Soybeans and soybean meal took the lead adding weather premium with heavy rains and flooding in southern Brazil and parts of Argentina.  Corn followed soybeans and wheat higher, but may be trading some early concerns about planting delays with the wet forecast for the corn belt.  Wheat was adding weather premium due to the lack of rain on southwest HRW areas and parts of Russia.  So are we seeing a chart breakout that will keep funds covering short positions to keep the rally going?  John Payne, Advance Trading, has details plus covers the recent slide in cotton and the recovery in cattle after negative tests for H5N1 in ground beef.  See omnystudio.com/listener for privacy information.
Released:
May 2, 2024
Format:
Podcast episode

Titles in the series (100)

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets.