Grain and livestock markets both ended mixed Tuesday.  Matt Bennett, AgMarket.Net, says wheat was up for a third day continuing to see short covering and adding war premium.  Corn could not follow wheat with lower soybeans and the failure to get above chart resistance.  Soybeans set back on lower product values and larger Brazil crop estimates with Abiove at a record 167.7 mmt.  Live and feeder cattle futures had a strong technical day back above key moving averages with feeders still the leaders on strong demand and cash feeder prices.  

Grain and livestock markets both ended mixed Tuesday.  Matt Bennett, AgMarket.Net, says wheat was up for a third day continuing to see short covering and adding war premium.  Corn could not follow wheat with lower soybeans and the failure to get above chart resistance.  Soybeans set back on lower product values and larger Brazil crop estimates with Abiove at a record 167.7 mmt.  Live and feeder cattle futures had a strong technical day back above key moving averages with feeders still the leaders on strong demand and cash feeder prices.

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets.

Markets Now with Michelle Rook

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets.

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