Grain and livestock mostly lower on Wednesday, except live cattle.  Matt Bennett, AgMarket.Net. says grains saw more fund selling with corn and soybeans weighed on by bigger yield ideas in the upcoming WASDE, favorable weather and the lack of China export business. Will USDA offset higher yield with lower acreage and if not is there more price pressure ahead? Live cattle saw a slight bounce but can the market stage a recovery until the stock market stabilizes and have feeder cattle done too much technical damage?    

Grain and livestock mostly lower on Wednesday, except live cattle.  Matt Bennett, AgMarket.Net. says grains saw more fund selling with corn and soybeans weighed on by bigger yield ideas in the upcoming WASDE, favorable weather and the lack of China export business. Will USDA offset higher yield with lower acreage and if not is there more price pressure ahead? Live cattle saw a slight bounce but can the market stage a recovery until the stock market stabilizes and have feeder cattle done too much technical damage?

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.