Markets Now with Michelle Rook

Corn and soybeans see pressure again Wednesday with growing concerns about the USDA reports and idea the trade will see big stocks but also more corn acres than anticipated.  Soybeans also saw pressure as AgroConsult upped Brazil soybean production 4 million metric tons to 156.5 mmt.  Wheat ends mixed.  Cattle recover so is the panic selling over?  Hogs close strong on increasing seasonal demand and fund buying.  Mike Zuzulo, Global Commodity Analytics, has price action.  

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Corn and soybeans continue to see technical selling pressure ahead of USDA reports but also with uncertainty tied to HPAI and the Baltimore port closure.  Plus, China is liquidating more of their sow herd.  The HPAI news has also been negative for cattle while hogs are higher being spread against cattle and ahead of the Hogs and Pigs Report.  DuWayne Bosse, Bolt Marketing, covers it all.  

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Grain and livestock futures were mostly lower Tuesday with uncertainty surrounding the HPAI cases in dairy herds as well as the Baltimore port closure.  However, end of quarter and report positioning were also evident.  Chuck Shelby, Risk Management Commodities, has details.

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Grains are mostly lower except for fractional gains in corn.  Soybeans are seeing corrective selling, plus end of month and quarter and report positioning.  Cattle are hitting new lows for the move with the Cattle of Feed bearishness and the news of HPAI confirmed in dairy cattle.  Hogs are higher on the long side of spreads with cattle and gearing up for the Hogs and Pigs Report.  Brad Kooima, Kooima Kooima Varilek, has more.  

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A mixed close in both grain and livestock futures.  Soybeans did end 11 to 17 cents higher following the rally in soybean oil and palm oil.  Soybeans and products also saw end of month and quarter short covering.  Corn tried to follow soybeans but failed and are trading range bound waiting for the USDA reports, while wheat ended mixed to slightly higher in Chicago.  Cattle set back with the bearish Cattle on Feed placements number, while hogs bounced on spread unwinding and higher cutouts.  John Payne, Hedge Point Global Markets, has more.  

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Grains are mostly higher except corn early as soybeans follow soybean oil.  Wheat is building some war premium.  We also see end of quarter and report positioning.  Cattle trade lower early in reaction to the bearish placements in the Cattle on Feed report, but are well off session lows.  Short covering in hogs despite lower weekly closes.  Kent Beadle, Paradigm Futures, has more.  

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Grain and livestock futures end mixed on Friday.  Oliver Sloup, Blue Line Futures, has the end of week wrap.  

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Grains seeing pressure on farmer selling, profit taking after hitting chart resistance and better rain chances in Brazil and the U.S. production areas.  However, will funds cover short and take profits end of month and quarter?  Cattle score reversals again Thursday but does it mean anything?  And will gold and the stock market keep rallying to new highs and what does that mean for the ag markets?  Darin Newsom, Barchart, covers it all.   

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Cattle end mostly lower and live cattle made new highs for the move with higher cash and then scored reversals for the third time in three weeks.  So was that fear of the Cattle on Feed Report and what happened with the fire at the beef plant in Liberal, Kansas?  Brad Kooima, Kooima Kooima Varilek, has the answers.  Plus, talks about how grains end slightly higher with fund short covering end of month and quarter and ahead of USDA Reports. 

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Grains fade the early rally on profit taking and farmer selling but maybe positioning end of month and quarter and ahead of USDA's reports next week.  AgMarket.Net comes out with their latest acreage estimates.  Matt Bennett has details and we also talk about cattle futures fading some higher cash at $188 in the south.  

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