Markets Now with Michelle Rook

Kevin Duling, KD Investors, says soybeans see a technical bounce Thursday with help from soybean oil. But why couldn't corn and wheat hold early gains?  And live cattle end higher on the heels of higher cash, but feeders fail.  

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Randy Martinson, Martinson Ag, says corn and wheat started slightly higher Thursday on some technical buying and short covering, plus solid corn exports.  Soybeans were lower.  Cattle futures saw early strength on higher cash.

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Craig Turner, StoneX, says corn and wheat bounce on end of month short covering with first notice day liquidation out of the way.  Soybeans weighed on by the return of China trade uncertainty.  

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DuWayne Bosse, Bolt Marketing, says corn and wheat try to recover on end of month short covering, while soybeans fall on China trade uncertainty.  Cattle and hogs see profit taking with the lower stock market.  

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Allison Thompson, The Money Farm, talks about what caused the sharp drop in grain prices Tuesday, while cattle continued to make new highs.

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John Heinberg, Total Farm Marketing, says corn and soybeans see pressure from planting progress, first notice day positioning.  Wheat tries to bounce.  Cattle make new highs, while hogs see profit taking end of month.  

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Alan Brugler, A&N Economics, says wheat and corn end lower on weather, with soybeans bouncing off support and following soybean oil.  Cattle make more new highs with tight supplies, record cash and strong demand.  Hogs also end mostly higher on stronger cash, cutouts and fund buying.  

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Brad Kooima, Kooima Kooima Varilek, says cattle hit more contract highs on record highs for cash.  Hogs reverse a lower opening to make new highs for the move as funds pile in to buy.  Grains are all lower on weather.  

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Don Roose, U.S. Commodities, says grains quietly mixed on Friday consolidating around strike prices as it was May option expiration.  However, soybeans still made new highs for the move before setting back. Cattle mostly higher and making more new highs on higher cash, while hogs rallied on higher cash and cutouts and strong demand.  

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Scott Varilek, Kooima Kooima Varilek, says cattle trade 2-sided awaiting cash and with higher money the futures will likely grind higher but still keep on eye on the S&P. Hog futures are mostly higher with the de-escalation of the China tariff war.  Grains are mixed and consolidating after soybeans made nearterm highs yesterday and closed above the 200-day moving average.  

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