Markets Now with Michelle Rook

Mike talks about how the grain markets exploded on news of $17 billion of additional China purchases annually through 2028.  But why did livestock fade the news?

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Brad says grains surge as details are released on the $17 billion China ag purchases on top of the fall soybean commitments.  Cattle futures lag record cash trade, when will that change?  Hogs up on China hopes.

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Shawn says grains and cotton slide further on disappointment out of the China summit.  How much farther will grain prices fall?  Cattle hold gains with higher cash. 

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Scott Varilek, Kooima Kooima Varilek 

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Don talks about the sharply lower day in grain markets as no ag purchase agreements have been announced by China.  How low do prices fall? Cattle fade record cash, hogs slump. 

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Randy says grains are down sharply with no ag purchase agreements being announced during the China summit. Grains take out key support.  Cattle rally with record cash.  

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Sam Hudson says corn and soybeans were higher on inflationary buying and optimism about the China summit.  Wheat saw profit taking, while cattle soared with record cash. 

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Jamie Gieseke, Paradigm Futures

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Arlan Suderman says winter wheat ends limit up as USDA shocks the market slashing production.  Corn and soybeans also get surprises.  Cattle fall on import fears. 

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Brian Splitt, AgMarket.Net

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