Grains end mixed Friday with livestock lower.  Alan Brugler, A & N Economics, says wheat led gains with a lower dollar as that market is seasonally trying to bottom. Wheat pulled up corn but the market was still working in the lower ending stocks numbers from the Thursday WASDE.  Soybeans failed to extend Thursday's gains running into chart resistance again.  However, all the grains ended with higher weekly closes, so are the lows in?  Cattle set back Friday despite steady cash but put for the week were up sharply.  Brugler discusses if the market can build on that.  And what's going on with the volatility in the stock market and what happens with the dollar and the Fed meeting next week?  

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Cattle continue higher pushed by better cash news.  Scott Varilek with Kooima Kooima Varilek says early cash has been steady in the South at $181 which would at least stop the bottoming process. The turn back higher in the stock market has helped ease the nervous selling by fund traders as well. Hogs seem to be following but he doesn't think the recent highs will be retested due to rising numbers and tightening shackle space. Grains are all higher with corn and soybeans extended Thursday's rally with the market breathing a sigh of relief soybean yield wasn't raised and even though corn was the ending stocks number was still lower.  Varilek says a lower dollar and higher wheat is also helping the row crops with that market putting in some weather premium.   

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Grain and livestock end mixed Tuesday.  Soybeans saw double digit losses and November fell below $10 on profit taking and better than expected crop ratings driving yield ideas headed into the WASDE.  Dave Chatterton, Strategic Farm Marketing, says the lack of China export business was also negative.  Corn was caught between the lower soybeans and higher wheat market which saw short covering. Crude oil collapsed again and that macro market also cast demand fears on the ag futures.  Live cattle saw a lack of follow through buying, with hogs mixed. 

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Soybeans and corn set back early on profit taking and report positioning.  Shawn Hackett, Hackett Financial Advisors discusses what yield and ending stocks numbers are already dialed into prices and what the market will trade after the report.  Wheat consolidates has been seeing better demand and dry weather in the U.S. and Black Sea is being watched.  Cotton is up Tuesday but has been disappointing as its been more tied to economic concerns than lower production.  Hackett also discusses what's ahead for outside markets with the Fed decision next week, the election and the volatility in the stock market.  

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Arlan Suderman with StoneX discusses whether or not the harvest lows are in on corn and soybeans, the recent Chinese soybean purchases and what he expects from the WASDE on Thursday.  Plus, is wheat getting uncompetitive after the recent rally?  Cattle see a big recovery with the stock market higher and expectations for better cash trade.  

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Grain and livestock futures all end in the red on Friday with risk off selling.  Garrett Toay, AgTraderTalk, says it was tied to bearish outside markets and a selloff in the stock market and crude oil.  Grains also saw profit taking after a decent rally off the lows and after hitting chart resistance.  He thinks grains may trade sideways now until the USDA Report provides direction on yield and with harvest about to ramp up.  Cattle futures had a tough day and a down week following lower cash and cutouts and he thinks a bigger correction is in store.  Hog futures saw risk off technical selling as well and a push from lower cutouts, but he doesn't think that market is done going up yet.    

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Grains see early strength with strong new crop corn and soybean exports but then turn mixed.  Darin Newsom, with Barchart says, the markets have run into chart resistance and may be getting tired.  Plus, there may be some harvest pressure heading into the weekend.  He says the recent rally in the grains follows the seasonal patterns and while demand news and weather have been helpful, most of the push has been fund short covering.  Crude oil tries to recover after one of the worst week's in a year, but what does that mean for the ag sector?  And payroll data was lower than expected and Newsom says he expects a rate cut in the September meeting, the question will be how much.   

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Mike Zuzulo, Global Commodity Analytics, says corn and wheat set back on profit taking.  Soybeans start lower but rebound with export business to China and unknown destinations and some concerns about dryness in Brazil impacting planting.  Cattle futures have a tough technical day taking out key support but lower cash at $181 in the South also hit futures.  He says lean hogs followed cattle but also saw some profit taking with China economic concerns weighing on the market.

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Scott Varilek, Kooima Kooima Varilek, says cattle see more pressure with some early cash trade at lower money after hopes for steady, plus higher weights.  October live cattle need to hold the uptrend line technically as he says that contract is setting right on that critical point. Hog futures are down for a second day seeing profit taking and lower cutouts weigh on futures, so he thinks the rally is over.  Grains are taking a breather Thursday after a nice rally but he doesn't think its over as demand and soybean export business to China is coming to the market and there are growing concerns about the dryness in Brazil.    

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Rich Nelson with Allendale, Inc. says grains continued to rally on Wednesday with livestock leaning lower.  Funds continue to cover short positions in the grain markets but there is also a fundamental push coming from moderating yield expectations in South America and in the U.S. The U.S. sentiment was reflected in their national annual yield survey.  That combined with a pick up in demand could keep the rally going for awhile.  Cattle futures consolidate with some early lower cash at $180 in Kansas and despite strong beef values post-Labor Day.  Hog futures also set back after a strong chart breakout and push from stronger demand.  So is the rally over?  

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