Markets Now with Michelle Rook

Corn and soybeans fall with rains falling in some dry areas of the corn belt, plus planting progress is ahead of average.  Funds continue to stay short in grains heading into the uncertainty of the growing season, but could anything change that?  Wheat ended mixed on crop conditions.  Cattle futures extended gains for a second day hopefully putting HPAI in the rear view mirror.  Matt Bennett, AgMarket.Net has analysis.  

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Grains see technical selling pressure from weather and the fast planting pace.  Cattle try to extend gains for a second day, so is the HPAI fear subsiding?  Hogs have topped but where do they go next with continued firm cash and cutouts?  Kent Beadle, Paradigm Futures, has insight.  

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Grains end lower on Monday on weather forecasts for rain in the corn belt, a pick up in farmer selling after the rally Friday and with farmers having to price or roll basis fixed contracts into the end of April.  Randy Martinson, Martinson Ag says the grain markets were also removing war premium after Middle East fighting failed to escalate to all out war.  Cattle saw a short covering bounce with triple digit gains as that market was oversold despite a lower stock market.  

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Cattle see a short covering bounce after a lower week and with less war fear.  But can it be sustained?  Brad Kooima of Kooima Kooima Varilek says he's wants a close in June live cattle above the 100 day moving average for confirmation.  Hogs continue to see fund liquidation and profit taking.  Grains retreat on farmer selling, weather and expected fast planting progress in the USDA report.  

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Grains sharply higher Friday, livestock and many other commodities melt down as it was a true money flow or "Get me Out" day.  Funds head for the door and covered their short positions in grains to produce a rally but selling their long positions in livestocks and many other sectors of the commodity complex and equity sector.  Is this a one day move or a trend that will continue?  Chip Nellinger, Blue Reef Agri-Marketing, provides his insight.  

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Grains end lower after a disappointing WASDE especially regarding South American numbers and poor weekly exports.  Corn and soybeans did technical damage in the process.  Cattle bounced despite lower cash trade in the South at $182, down $2.  Hogs consolidated after a bearish key reversal down on Wednesday but is the high in?  John Heinberg, Total Farm Marketing, has analysis.  

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Grains slide after USDA disappoints with U.S. ending stocks, but especially punting on South American production.  Jim McCormick, AgMarket.Net, discusses why USDA is so far above Conab and the Rosario Grain Exchange on Brazil and Argentina corn and soybean production.  What does it mean for prices?  

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Scott Varilek, Kooima Kooima Varilek, says cattle futures are lower digesting BIAV news, while hogs recover, and grains are lower except corn following exports and South American crop estimates.  

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Grains end mixed, livestock and equities lower.  Wheat sees technical buying and puts in weather premium on hot and windy conditions in HRW areas, that lends some strength to corn.  Soybeans set back with meal.  All of the grains are gearing up for USDA and Conab production estimates Thursday.  Cattle set back with a lower stock market and more Bovine Influenza A cases.  Hogs score a bearish key reversal.  So is the top in?  Mark Schultz, Northstar Commodity, has analysis.  

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What is the outlook for weather for Plant 24?  Meteorologist Eric Snodgrass has the forecast.  

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