Corn and soybeans make more contract lows with fund selling.  Chip Nellinger, Blue Reef Agri-Marketing, says it was triggered by beneficial rains the last few days in the Corn Belt, anticipation Pro Farmer will confirm big yields in the Crop Tour and farmer selling of old crop bushels.  Wheat divorced itself from row crops on short covering but can it bottom without a pick up in demand?  Cattle saw more fund long liquidation with lower cash trade and hogs followed.  

Corn and soybeans make more contract lows with fund selling.  Chip Nellinger, Blue Reef Agri-Marketing, says it was triggered by beneficial rains the last few days in the Corn Belt, anticipation Pro Farmer will confirm big yields in the Crop Tour and farmer selling of old crop bushels.  Wheat divorced itself from row crops on short covering but can it bottom without a pick up in demand?  Cattle saw more fund long liquidation with lower cash trade and hogs followed.

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.