Grain and livestock futures ended mostly lower again on Wednesday, with the exception of old crop corn.  Tommy Grisafi, Advance Trading, says so far the funds have been relentless sellers in the grains with the lack of a weather threat and ahead of the WASDE.  But he says farmers are also pitching in the towel and selling old crop inventory as well.  Are these three year lows in corn and soybean prices justified and what could get the funds to change trend?  Plus, cattle are confirming a top and lean hogs hit new contract lows.  

Grain and livestock futures ended mostly lower again on Wednesday, with the exception of old crop corn.  Tommy Grisafi, Advance Trading, says so far the funds have been relentless sellers in the grains with the lack of a weather threat and ahead of the WASDE.  But he says farmers are also pitching in the towel and selling old crop inventory as well.  Are these three year lows in corn and soybean prices justified and what could get the funds to change trend?  Plus, cattle are confirming a top and lean hogs hit new contract lows.

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.