Grain and livestock close mostly higher Thursday.  Garrett Toay, AgTraderTalk, says corn made six month highs and finally closed above the 200 day moving average which has been tough chart resistance.  The key will be if the market can continue to build on it.  Soybeans also saw strong gains on technical buying but still pricing in possible talk of China export business.  Wheat followed the strength in row crops.  Cattle futures ended higher despite cash news and Toay chalks it up to a relief rally.  Lean hogs opened lower but rebounded to close mostly higher but he says that market is in a consolidation phase.  

Grain and livestock close mostly higher Thursday.&nbsp; Garrett Toay, AgTraderTalk, says corn made six month highs and finally closed above the 200 day moving average which has been tough chart resistance.&nbsp; The key will be if the market can continue to build on it.&nbsp; Soybeans also saw strong gains on technical buying but still pricing in possible talk of China export business.&nbsp; Wheat followed the strength in row crops.&nbsp; Cattle futures ended higher despite cash news and Toay chalks it up to a relief rally.&nbsp; Lean hogs opened lower but rebounded to close mostly higher but he says that market is in a consolidation phase.&nbsp;&nbsp;

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.