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 wheat out of their reserves due to tight supplies. Corn and soybeans followed wheat but also bounced off chart support areas.  Cattle rallied after a bullish placements number in the Cattle of Feed report and the buying in the stock market, hogs followed.  Jim McCormick, AgMarket.Net, has details.  

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