Markets Now with Michelle Rook

Tomm Pfitzenmaier, Summit Commodity Brokerage, says corn and soybeans make new highs for the move extending the report rally and with technical buying and short covering, while wheat follows.  Cattle take a break after making new highs on last week's record cash, but he calls it a healthy correction.  

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Livestock start mixed with grains higher.  Brad Kooima, Kooima Kooima Varilek, says cattle are consolidating after new highs for the move on Friday on record cash, which is healthy.  Hogs may have found a bottom. While corn and soybeans make new highs for the move on the bullish report data. But are $5 corn and $11 beans in the cards?  

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Corn and soybeans soar after USDA's bullish cuts to production but how how can prices go?  Shawn Hackett, Hackett Financial Advisors, has insight.  Plus, looks at South America's crop, 45Z guidance, the wheat market.  Plus, how high do cattle project to after the technical breakout and record cash?  

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Scott Varilek of Kooima Kooima Varilek says cattle futures make new highs pulled along by record cash, hogs follow put are getting some support from disease problems.  Corn and soybeans are slightly higher squaring ahead of reports and 45Z guidance release and despite weak weekly exports.  

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Allison Thompson with The Money Farm says row crops end higher Thursday with wheat lower.  Cattle futures surge with record cash.  

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Mark Schultz, Northstar Commodity, explains what pressured grain and livestock markets on Wednesday.

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Rich Nelson of Allendale says grains see early weakness with a higher dollar and report positioning. He also looks at how long the cattle market can continue to move higher and if funds will keep liquidating in the hogs.  

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Matt Bennett, AgMarket.Net, says corn and soybeans end near steady with wheat slightly higher on report positioning while cattle make new contract highs.

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Corn and soybeans retreat, with wheat higher.  Livestock are mixed.  Kent Beadle of Paradigm Futures has details on price action and the upcoming USDA Reports.  

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Naomi Blohm, Total Farm Marketing, explains what drove the recovery in grains and cattle on Monday. 

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