Markets Now with Michelle Rook

Mark Schultz, Northstar Commodity, discusses what drove grain and livestock futures into the green on Wednesday!  

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DuWayne Bosse, Bolt Marketing, says grains are all higher with profit taking subsiding and weather becoming supportive.  Livestock futures are also strong.  So what's driving it?

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Chuck Shelby, Risk Management Commodities, says grains end mostly lower on Tuesday on profit taking, and rains forecast for HRW areas weighing on wheat.  Meanwhile, livestock end mostly higher in a quiet session.  

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Kent Beadle, Paradigm Futures, says selling continues in much of the grain complex on profit taking and weather.  Cattle extend gains with help again from the stable financial markets.  

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Brian Grete, Pro Farmer, says grains see a healthy correction on profit taking after hitting resistance and removing weather premium but are $5 corn and $11 soybeans still possible?  Cattle and hogs see continued corrective buying but with the uncertainty with trade will funds liquidate further?  

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Brad Kooima, Kooima Kooima Varilek, says cattle are higher Monday, can they continue to recover with the stock market?  Hogs and grains all had higher weekly closes last week despite the China trade tensions, can the market build on it with other tariffs delayed?  

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Bryan Doherty, Total Farm Marketing, discusses the strength in grain and livestock futures on Friday and if the market has traded the worst of the trade news?  What will it take for the markets to build on it?  

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Mark Schultz, Northstar Commodity, says grain and livestock furures are strong Friday as the markets are optimistic about trade deals and that the worst of the tariff news is dialed in.  

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Chip Nellinger, Blue Reef Agri-Marketing, says corn and soybeans end higher with lower ending stocks in the WASDE and trade optimism. Wheat was lower on higher carryout.  Cattle followed the stock market lower again.  

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Brian Splitt, AgMarket.Net, says WASDE friendly for corn with ending stocks below 1.5 bb, soybeans at 375 mb, but wheat up 27 mb.  

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