Markets Now with Michelle Rook

Mike Zuzulo, Global Commodity Analytics, says grains end mostly higher led by wheat on weather. Cattle and hogs strong with new highs in cattle on higher cash and risk on in outside markets.  

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Joe Kooima of Kooima Kooima Variilek says grain and livestock markets are higher early except soybeans.  

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Don Roose, U.S. Commodities says corn and wheat end lower with soybeans higher Friday evening up positions ahead of the weekend and he thinks the markets are rangebound until the USDA reports. Cattle higher with sharply higher cash but the futures don't make new highs which may signal a top. Hogs end mostly higher on short covering but face tariff headwinds.

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Scott Varilek, Kooima Kooima Varilek, says cattle are trading mixed awaiting cash direction, hogs are lower with tariff concerns still looming.  Grains are mixed as well seeing some follow through buying in soybeans, but lower corn.  He thinks grains could chop around through the end of the month awaiting possible tarffis on April 2 and the big USDA reports March 31 looking for confirmation of the higher corn acres.  

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DuWayne Bosse, Bolt Marketing, says grains see a technical bounce with help from strong weekly exports and a quieter day on the tariff front. Livestock cattle make new highs for the move, while feeders make contact highs and reverse in what could be topping action.  Lean hogs lower on a marketing year low on weekly exports and after hitting chart resistance.  

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Mark Knight, Farmers Keeper Financial, says grains see a technical bounce off support areas with strong exports and with cooler heads prevailing on tariffs.  Cattle continue to extend gains as tariffs are positive for that market, slowing imports and feeders continue to hit all time highs.  

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Alan Brugler, A&N Economics, says grains saw speculative selling with renewed tariff fears from Canada and the EU, plus biofuels policy uncertainty has shuttered some biodiesel plants. Wheat fell on report hangover and larger acreage in Canada.  Cattle had a nice rally on cash hopes and ideas Canadian tariffs could slow beef imports.  

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Tomm Pfitzenmaier, Summit Commodity Brokerage, says grains see pressure on tariff concerns.  Livestock bounce with the stock market stabilizing.  

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John Heinberg, Total Farm Marketing, says grain and livestock end mostly lower with risk off selling tied to the outside markets and recessionary, tariff fears.  

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Brian Splitt, AgMarket.Net, says USDA punts on domestic and SA corn and soybean numbers in the WASDE.  Adjusts global stocks and U.S. wheat balance sheet. What is the next focal point for the markets?   

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