Markets Now with Michelle Rook

Wheat continues to rally on global production concerns and fund buying, corn tries to follow but is held back by soybeans and planting progress.  Soybeans and products are weak on corrective and farmer selling.  Cattle higher with strong cash, the futures discount and weaker corn, while hogs are seeing pressure with lower cash and the futures premium.  DuWayne Bosse, Bolt Marketing, has details.  

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Grains resume their rally with wheat taking the leadership role on global production concerns, corn and soybeans followed.  Live cattle end mixed take a breather after a strong week for cash and futures last week.  Hogs continue to struggle with the futures premium and the drop in China exports.  Mike Zuzulo, Global Commodity Analytics, has more.  

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Cattle futures try to extend gains early pulled along by last week's strong cash and cutouts.  Will cash be higher again this week and can cattle futures make new highs?  Hogs try to bounce but the futures premium to cash caps rallies.  Corn is following wheat and soybeans as grains put in some weather premium but can grains get above last week's chart resistance?  Brad Kooima, Kooima Kooima Varilek, has insight.  

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Corn and wheat end lower on technical selling plus better planting weather and a bigger Kansas wheat crop.  Soybeans rally and see bull spreading with a push from higher soybean meal and especially bean oil on continued rumors of tariffs on Used Cooking Oil.  Cattle rock to near term highs with sharply higher boxed beef and higher cash, while hogs see selling on the futures premium to the cash.  Jim McCormick, AgMarket.Net, has details.  

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Cattle futures make new highs for the move pushed by sharply higher boxed beef cutouts and higher cash in the North.  Hogs fail with lower cutouts and the futures premium to the LHI.  Scott Varilek, Kooima Kooima Varilek has details.  Corn is being held back by wheat and needs to hold key support, with soybeans rallying with products.

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Grains end mostly lower except nearby soybeans and bean oil.  Corn, beans and wheat took another run at resistance areas on the charts again and could break through.  Is this a healthy correction as the market waits for more weather news or topping action?  Mike Minor, Professional Ag Marketing, has insight, and talks about what's driving the rally in cattle and hogs.  

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Grains back higher led by wheat on global crop concerns and lower Russian production but the markets can't get above chart resistance.  Cattle higher following a surge in wholesale beef.  Randy Martinson, Martinson Ag, has details.  

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Grains fade early strength running into chart resistance and seeing some profit taking.  Is this topping action or volatility in a weather market? And what do the funds need to continue buying? NOPA crush was disappointing and the Wheat Quaility Tour is seeing better yields than a year ago, which also sparked some selling.  Cattle close mostly higher as the S&P makes new highs and boxed beef soars.  Dave Chatterton, Strategic Farm Marketing, has analysis.

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Grains are back higher today on more fund short covering and strong seasonals but is the market really trading U.S. and global weather and production concerns especially in the case of wheat?  Listen to the debate with Darin Newsom, Sr. Market Analyst for Barchart.  The equity markets are higher with CPI coming in as expected at 3.4% and cattle are up as a result, but also working in sharply higher product values.  

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Grains eased on profit taking, farmer selling, China tariffs and higher Brazil production estimates.  Milk saw a reversal off of new contract highs, while cattle had a big up day closing nearby live cattle above 100 day moving averages with a surge in wholesale beef pushing the markets along with lower corn.  Bryan Doherty, Total Farm Marketing, has analysis.  

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