Markets Now with Michelle Rook

Corn is making new contract lows again with liquidation ahead of first notice day for March contracts and lower Brazil corn prices.  Wheat is seeing weakness as well.  Soybeans bounce off contract lows on corrective buying.  Cattle see profit taking after placements came in above expectations on the CoF report.  Allison Thompson, The Money Farm, has more.  

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Grains end lower Friday with new contract lows in corn and soybeans, even meal.  It was also a lower week for corn and beans.  Fund and farmer selling were both evident as March options expired but when will the blood bath end?  Funds continue to pile in the livestock with higher cash supporting cattle.  Tommy Grisafi, Advance Trading, has details. 

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Grains still seeing pressure from fund and farmer selling and weekly exports were weak in soybeans and wheat.  Cattle see a rally heading into the COF report, hogs also see new near term highs with higher cash.  Kent Beadle, Paradigm Futures, has more.  

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Corn makes new contract lows again drug down by farmer selling and a lower soybean market.  Brazil basis and SA weather continue to push soybeans to near term lows.  Wheat was lower in KC and MN following world prices, but why did CH wheat hold steady?  Live cattle reversed off of near term highs with caution ahead of the USDA report, but hogs closed above chart resistance with help from higher cash.  DuWayne Bosse, Bolt Marketing, covers it all.

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Cattle futures continue to make new nearterm highs on any pullback.  Is the markets too bullish heading into the COF report and with packers cutting kills?  Hogs also make for the move highs pushed by cash.  Corn bounces off another contract low following wheat, which is putting in some risk premium and seeing technical buying.  Soybeans are trying to follow but are being held back by better weather in SA.  Scott Varilek, Kooima Kooima Varilek, has more.  

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Grains end lower on profit taking and farmer selling heading into the end of the month.  New contract lows are hit in corn and nearterm lows on soybeans.  Cattle make new highs for the move then end off highs but are the bulls too optimistic heading into the Cattle on Feed Report?  Matt Bennett, AgMarket.Net has insight.  

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Grains fail to see any follow through buying after the higher day yesterday with profit taking across the complex and rain chances in Argentina also weighing on futures, especially soybeans.  Plus, there was some farmer selling on the rally as basis fixed contracts will need to be rolled or executed on before March goes into delivery and March options also expire on Friday.  Cattle are strong heading into the Cattle on Feed Report with expected lower placements.  Outside markets are seeing weakness in the equity sector.  Randy Martinson, Martinson Ag, has more.  

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Grains end higher with fund short covering prompted by the oversold market condition, but also more Red Sea shipping concerns and China lowering interest/mortgage rates.  Cattle make new highs for the move and end with nearby live cattle lower on profit taking after running into chart resistance, plus lower cash ideas this week and packer kill cuts.  Hogs rally with funds buying and higher cash and cutouts.  Arlan Suderman, StoneX, has more.  

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Cattle futures see some consolidation after new highs for the move on Friday.  Cash cattle trade was lower last week, packers are cutting kills and futures are into chart resistance. Hogs strong on China economic news and higher cutouts.  Grains are also strong with China lowering its mortgage rates and talk of them buying Brazil soybeans.  Brad Kooima, Kooima Kooima Varilek, has more.  

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Can U.S. farmers achieve USDA's record yield projects of 181 bushels per acre on corn and 52 bushels per acre on soybeans with the latest weather outlook for the 2024 growing season?  Rich Nelson, Allendale, Inc. has the answer.  

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