Bryan Doherty, Total Farm Marketing, says corn and soybeans try to bounce as they are technically oversold and with a 2% drop in crop ratings.  Wheat struggles on better yields and the lower EU market.  Cattle open higher then sell off despite their discount to the record cash from last week.  

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Grain markets were a blood bath on Monday on fund selling and improved weather in the extended forecasts. Kent Beadle, Paradigm Futures, says technical damage was done in all the markets.  Live cattle futures saw profit taking after near term highs and record cash last week.  Lean hogs saw a nice technical bounce as Beadle thinks the market got too cheap and is trying to bottom.  

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Chuck Shelby, Risk Management Commodities, says grains sell off going into the weekend on profit taking in row crops after hitting chart resistance, wheat continued to see harvest pressure making new lows for the move.  Cattle futures made new near term highs pushed by record cash, while hogs saw a short covering bounce and he thinks a low is forming.

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Grains lower early on profit taking, harvest pressure in wheat and a higher dollar. Cattle futures follow higher cash. Darin Newsom, Barchart, also talks about inflation, interest rates and what this could mean for fund activity in commodities.  

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Scott Varilek of Kooima Kooima Varilek discusses why live and feeder cattle futures can't make new highs, even with record cash trade.  

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Grains end mixed after USDA kicked the can down the road in the June WASDE in nearly every category except global wheat.  Oliver Sloup, Blue Line Futures, says now the markets will turn to the month end acreage and stocks reports, weather and the fund position.  Cattle had a disappointing close with early strength following equities, while hogs bounced off contract lows.  

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Grains mixed to lower after the WASDE with very few changes for corn and soybeans.  Wheat did see slightly lower U.S. ending stocks and Russian, EU and Ukraine production dropped a total of 8 mmt.  Jim McCormick, AgMarket.Net, says the focus today becomes the lower dollar, weather and the acreage report at the end of the month.  

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Cattle start higher on Wednesday with help from strong cash and the rally in the stock market due tied to the CPI data says Scott Varilek, Kooima Kooima Varilek. However, its been a tug of war in the cattle on tight numbers and cash verses bird flu news.  Hogs try to follow but continue to struggle with the sliding Lean Hog Index.  Corn and soybeans rally with China soybean export biz and despite a sharply lower wheat market.  

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Grains see a corrective day and WASDE report positioning with wheat sharply higher, corn and soybeans were lower.  Matt Bennett, AgMarket.Net, says strong row crop ratings were also bearish.  Cattle also saw profit taking after running into chart resistance and corrected ahead of the Fed announcement.  

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Corn ends higher on extended weather concerns and strong export inspections, while soybeans got a push by the meal market.  Randy Martinson, Martinson Ag, says it was impressive considering the collapse in wheat which was down the 9th day on harvest pressure, rains chances in Southern Russia and the higher dollar.  Cattle had a nice rally anticipating strong cash, while hogs failed again as demand is lackluster.  

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