Markets Now with Michelle Rook

Grains see early strength with better economic news out of China and some lower private estimates on Brazil corn and soybeans.  Weekly exports were better and while the China wheat cancellation was confirmed the market has priced it in.  Corn was able to get above the 20-day moving average and we may be seeing some short covering in all the grains ahead of the WASDE.  Cattle are mixed this morning ahead of cash development, hogs mostly higher trying to recover after profit taking and hedge pressure Wednesday.  Kent Beadle, Paradigm Futures, has more. 

See omnystudio.com/listener for privacy information.

Corn ended higher on short covering which was impressive with new contract lows in wheat.  Wheat saw technical selling, but talk of China SRW cancellations also weighed on futures.  Soybeans continue to see Brazil harvest pressure.  Cattle are consolidating waiting for cash to catch up and a third lower day in hogs which may also be to premium to cash.  John Heinberg, Total Farm Marketing, has details.  

See omnystudio.com/listener for privacy information.

Grains continue to see technical selling pressure with wheat making new contract lows.  Improved weather forecasts for the Southern Plains and Midwest and a lack of bullish news are factors.  Cattle are consolidating under this week's highs waiting for cash to catch up.  Outside markets are recovering after a down day Tuesday.  Darin Newsom, Sr. Market Analyst, with Barchart has more.  

See omnystudio.com/listener for privacy information.

Grains end lower on profit taking after May corn and soybean hit resistance at the 20 day moving average.  Plus farmer selling and WASDE report positioning were also a factor with concerns USDA will disappoint the trade regarding South America's estimates.  Cattle bounced but are somewhat rangebound waiting for cash to catch up, while hogs set back with lower cash and cutouts.  Ted Seifried, Zaner Ag Hedge, has more.  

See omnystudio.com/listener for privacy information.

Cattle are trying to recover this morning after hitting chart resistance yesterday and failing.  What will it take to get the market above these chart areas and can cash continue to move higher?  Hogs seeing consolidation, bear spreading and pre-Goldman rolling after a strong run with futures getting too premium to the cash index.  Corn and soybeans are seeing profit taking after hit the 20 day moving average yesterday and without much bullish news.  Brad Kooima of Kooima Kooima Varilek has more.  

See omnystudio.com/listener for privacy information.

Grains end higher on technical buying with the markets oversold.  So was it just a dead cat bounce or what will it take to confirm a change in trend?  Plus, how far can the market rally before it sees farmer selling?  Is China really replenishing reserves? And how much of a cut will USDA or Conab confirm on South America's crops this week?  Shawn Hackett, Hackett Financial Advisors, covers it all.  

See omnystudio.com/listener for privacy information.

Grains higher on corrective buying, but corn and soybeans also posted higher weekly closes which is helping out.  Wheat futures are rebounding with Paris milling wheat which hit new contract lows Friday.  China has also been in buying and while they have only bought U.S. sorghum there is hope for more sales.  The markets will also be gearing up for USDA and Conab estimates for Brazil.  Livestock futures are lower with higher feed prices and profit taking.  Randy Martinson, Martinson Ag, talks about that and February insurance prices have been set.  

See omnystudio.com/listener for privacy information.

Corn ends lower on Friday on profit taking and lower wheat, with soybeans seeing short covering.  However, both ended higher for the week.  So are the markets bottoming?  Wheat ends lower Friday and for the week with European prices dragging down the market.  Cattle rebound.  Bryan Doherty, Total Farm Marketing, has analysis.  

See omnystudio.com/listener for privacy information.

Corn and wheat rallied on end of month profit taking by the speculative traders, while soybeans and cattle faltered. Arlan Suderman with StoneX has details.

See omnystudio.com/listener for privacy information.

Corn bounces with talk of China buying U.S. corn and despite a lower day in wheat.  So, is the market trying to bottom?  Soybeans get help from both corn and soybean meal, while wheat struggles with plunging European prices.  Cattle see continued profit taking, but is it just a healthy correction?  Matt Bennett, Ag Market.Net has the answers.  

See omnystudio.com/listener for privacy information.