Markets Now with Michelle Rook

Dan Basse, president of Ag Resources Company discusses what the Trump Administration's reciprocal tariffs to be invoked on April 2 mean for agriculture and how the markets will react.  

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Darin Newsom, Barchart, discusses how trade and global economic uncertainty is causing traders to push gold to record highs, with grains pushing lower.  

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Rich Nelson with Allendale talks about the new long term weather outlook from NOAA and what is means for farmers for the planting and growing season.  Plus, how much of a yield cut would we need to have to make a price impact?  

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Shawn Hackett, Hackett Financial Advisors, says corn and soybeans see risk off profit taking heading into the weekend and have settled into ranges ahead of the end of the month, big USDA reports and tariffs.  What corn acreage is the market currently trading and how will the market handle more tariff news?  Cattle end lower after new highs in futures and cash, so is that a key reversal and is it the top?  

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Scott Varilek of Kooima Kooima Varilek talks about how high cattle could run after Thursday's new contract highs.  The market is seeing some early weakness but has been resliant and is just waiting for cash and the Cattle on Feed Report.  Hogs see a light short covering bounce but fundamentals have weakened.  Grains are mixed chopping ahead of the end of the week.  

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Dave Chatterton, Strategic Farm Marketing talks about the strength in corn and soybean, plus new highs in cattle.  

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Darin Newsom with Barchart says corn is higher again on solid demand and spreading with soybeans, while wheat sees selling on dismal exports and better moisture in winter wheat areas. Cattle hit new highs with weather supportive, then fade ahead of the COF report. And the Fed held interest rates steady Wed. but the markets are still trading the uncertainty of tariffs.  

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Kent Beadle, Paradigm Futures says grains mostly lower with risk aversion and snow in winter wheat areas.  Old crop corn was supported though on strong demand.  Cattle made fresh highs on weather and ahead of a COF Report that's expected to be bullish.  Hogs saw a third day of consolidation.  

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Rich Nelson of Allendale says grains are quietly lower as markets await tariff news and the reports at the end of the month.  The big one will be Prospective Plantings and Allendale is out with their survey results.  Cattle make more new highs pushed by weather, hogs set back on profit taking.  

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Dan Basse, Ag Resource Company, says grains close mostly lower on Tuesday with general risk aversion ahead of the big USDA reports, reciprocal tariffs and end of month and quarter.  Wheat may have enough weather premium and ran into chart resistance.  Cattle futures ended mixed after more all-time highs in feeders but the market may have higher cash priced in and saw some spillover from the lower stock market.  Hogs set back on profit taking also hitting chart resistance.  

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