Grains end lower on profit taking after May corn and soybean hit resistance at the 20 day moving average.  Plus farmer selling and WASDE report positioning were also a factor with concerns USDA will disappoint the trade regarding South America's estimates.  Cattle bounced but are somewhat rangebound waiting for cash to catch up, while hogs set back with lower cash and cutouts.  Ted Seifried, Zaner Ag Hedge, has more.  

Grains end lower on profit taking after May corn and soybean hit resistance at the 20 day moving average.  Plus farmer selling and WASDE report positioning were also a factor with concerns USDA will disappoint the trade regarding South America's estimates.  Cattle bounced but are somewhat rangebound waiting for cash to catch up, while hogs set back with lower cash and cutouts.  Ted Seifried, Zaner Ag Hedge, has more.

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.