Markets Now with Michelle Rook

Soybeans see a one day short covering pop heading into the holiday weekend, with corn and wheat continuing to see fund selling into contract lows.  Cattle make new highs for the move, can they keep going? Hogs slightly higher but off the highs after hitting chart resistance.  Rich Nelson, Allendale, has details.  

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Corn bounces off a new contract low and soybeans are higher on shortcovering while wheat fails with a higher dollar.  Cattle extend gains despite softer cash, hogs are mixed after hitting chart resistance.  Tomm Pfitzenmaier, Summit Commodity Brokerage, has details.  

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Grains make new lows again with additional fund selling and digesting the bearish USDA Ag Outlook numbers.  Is there anything that can bottom the grain markets?  Financial markets and crude oil ended higher will they continue to rally?  While cattle rebounded despite lower cash.  Darin Newsom, Sr. Market Analyst for Barchart, has analysis.  

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Cattle trading two-sided early in the session trying to consolidate after three down days in live cattle and working in lower cash trade in the south at $182.  Hogs also trade two-sided with confirmation of the large weekly exports the market traded on Wednesday.  Grains open lower this morning and make new lows after the USDA Ag Outlook numbers, but are trying to stablize and soybeans are even trying to move higher.  Scott Varilek, Kooima Kooima Varilek, has details.  

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Grain markets see fund selling ahead of USDA's Ag Outlook Forum.  Cattle pressed by lower cash in the south, but hogs rally on Prop 12 news.  Kent Beadle, Paradigm Futures, has details.  

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