Markets Now with Michelle Rook

Darin Newsom, Barchart, says grains continue to see pressure on fund selling and tariff fears. Cattle extend gains.  

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Naomi Blohm, Total Farm Marketing says a combination of factors pressured grain markets Monday, including end of month positioning and tariff concerns. Cattle saw a strong close with another case of NWS and the prospects of a possible bottom in the cash and cutouts.  

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Brad Kooima, KKV, says cattle try to hold gains with a slightly friendly Cattle on Feed Report and a possible cash bottom forming.  Hogs see pressure as well as grains on tariff talk and the upcoming USDA Ag Outlook Forum.  

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Scott Varilek, Kooima Kooima Varilek, says corn and soybeans fall on pre-weekend profit taking and lower crude oil.  Cattle recover ahead of neutral Cattle on Feed but with lower cash and cutouts.  Lean hogs were mixed with nearbys under pressure with the drop in cutouts.  

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Mark Schultz, Northstar Commodity, says corn and soybeans are lower on profit taking.  Wheat started higher on fund short covering but is struggling to hold gains.  Cattle are back up but have been chopping back and forth this week with lower cash and cutouts out weighing the futures discount to cash.  Hogs have fallen with lower cutouts.  

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Chip Nellinger, Blue Reef Agri-Marketing, says soybeans and corn recover with talk of a China deal, lower dollar. Wheat consolidates removing weather premium.  Fund liquidation and lower product values weigh on cattle and hogs.  

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Randy Martinson, Martinson Ag says corn and soybeans try to recover Thursday with talk of a China deal by President Trump.  Wheat started higher but winter wheat classes are pulling back removing weather premium with warmer temps on the way.  Cattle are back under pressure positioning ahead of the COF report and with lower CH beef values, hogs are also seeing fund liquidation with sharply lower cutouts.  

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Matt Bennett, AgMarket.Net, says grains reverse on Wednesday so is this topping action for corn and wheat?  Cattle end mixed.  

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Kevin Duling, KD Investors, says grains close higher on fund buying.  March corn closes above $5, SRW wheat above $6. So where do the markets project next and can soybeans continue to follow?   Cattle futures continue to consolidate but how much retracement does he expect?  

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Kent Beadle, Paradigm Futures, says grains are mostly higher early and then see gains trimmed on profit taking and farmer selling, SA harvest pressure.  Cattle continue to consolidate with lower cash and cutouts, hogs strong on higher cash and fund buying.  

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