Markets Now with Michelle Rook

Darin Newsom, Barchart, Inc. tries to explain the higher day in the grains, especially soybeans, despite the bearish Chinese trade news.  Cattle end mostly higher along with the continued correction in the S&P.  What's driving the buying in all of these markets?  

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Mike Minor, Professional Ag Marketing, says grains are mixed early Thursday after the Chinese denied any ongoing negotiations with the U.S. Markets continue to watch weather, exports as well.  Cattle and hogs are lower on consolidation and with poor weekly exports.

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Matt Bennett, AgMarket.Net, says soybeans end higher with talk of Chinese tensions easing and close above the 200 day moving average.  Corn falls with wheat on a stronger dollar, weather and fast planting pace plus talk of higher corn acres.  Cattle end higher with live cattle hitting new contract highs.  

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Allison Thompson, The Money Farm, says soybeans rally on the de-escalation of the China trade war, while corn and wheat see pressure on planting pace, weather and option expiration.  Cattle are higher with new highs in live cattle following the stock market.

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Dan Basse, Ag Resource Company, says corn and wheat fall on fast planting and weather, while soybeans bounce as China buys Brazil beans which lift U.S. prices.  Cattle rally with the S&P and are poised to retest contract highs as long as demand stays strong, while milk futures continue to grind higher.  

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Mark Knight, Farmer's Keeper Financial, says soybeans rally, while corn and wheat fall on weather, planting pace.  Cattle rebound with the S&P.

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Vince Boddicker, Farmers Trading Company, says grain and cattle markets see risk off selling Monday in tandem with outside markets , with hogs strong.  

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Brad Kooima, Kooima Kooima Varilek, says cattle aren't able to hold early strength tied to the sharply higher cash last week and the S&P is down.  Hogs hold early gains with fund buying and stronger cash and cutouts.  Grains lose early gains tied to the sharply lower dollar running into chart resistance.  

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Scott Varilek, Kooima Kooima Varilek, says cattle take the spotlight with higher futures and cash, which will likely trump a slightly bearish placements number in the COF report.  Hogs finish higher pushed by cash, quiet in the grains but new crop corn and beans gain for the week with weather concerns.  

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Randy Martinson, Martinson Ag, says grains start off higher on strong exports but have turned mixed with positioning ahead of the holiday, while wheat is supported by weather.  Cattle extend gains on fund buying and stronger cash.  

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