Markets Now with Michelle Rook

Ted Seifried with Zaner Ag Hedge says grains see a profit taking setback, while cattle make all time highs.  

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Darin Newsom with Barchart says grains see some early strength despite profit taking overnight and talk of 10% tariffs on China. Where is the strength coming from?  China buying, Brazil crop problems?  USDA announced a sale of 5.35 mb of corn to unknown this morning, so was that China?  Cattle continue higher on record cash.  

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Arlan Suderman of StoneX says grain prices surge on lack of Chinese tariffs, talk of possible Chinese buying and a trade deal, plus SA and U.S. weather.  Cattle ended mixed with live cattle up on record cash, hogs lower on Mexican tariff fears.  

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Kent Beadle, Paradigm Futures, says grain markets are rallying and corn makes one year highs, with no immediate Chinese tariffs being imposed by the Trump Administration and South American weather.  Cattle mostly higher on record cash, while hogs are higher despite possible tariffs on Mexico and Canada on Feb. 1.  

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Tommy Grisafi with NesvickTrading Group says grains end higher Friday with corn closing above technical resistance of $4.80 despite the uncertainty of SA weather and possible tariffs under a new administration.  What kind of volatility is head in all of the markets?  Cattle try to recover Friday in the face of record cash but do futures look toppy?  

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Scott Varilek, Kooima Kooima Varilek, says livestock are weaker with cattle down a second day despite record cash.  Is this finally the top?  Corn and soybeans recover after a down day Thursday on China economic news but watching SA weather and possible tariffs. Corn still trying to get through $4.80 technical resistance.

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Corn ends higher, but why can't soybeans follow?  Don Roose, U.S. Commodities has the answer and cattle are up on record cash.  

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Mike Zuzulo, Global Commodity Analytics, says grain markets are mostly higher early Wednesday with corn and soybeans rebounding on South American weather concerns and watching the currency markets.  Cattle are back higher with higher cash being reported in the country.  

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DuWayne Bosse of Bolt Marketing says corn and soybeans fall on profit taking and farmer selling but is the rally over or just taking a pause?  Wheat ends mostly lower despite a softer dollar on weak demand.  Live cattle end lower for a second day, so it it a healthy correction?  Lean hogs higher with the deferreds making new highs for the move, but what is driving it?

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Craig Turner with StoneX says corn and soybeans recover to trade higher after early profit taking and farmer selling.  Wheat follows with a pullback in the dollar.  

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