Grain and livestock end mixed Tuesday.  Soybeans saw double digit losses and November fell below $10 on profit taking and better than expected crop ratings driving yield ideas headed into the WASDE.  Dave Chatterton, Strategic Farm Marketing, says the lack of China export business was also negative.  Corn was caught between the lower soybeans and higher wheat market which saw short covering. Crude oil collapsed again and that macro market also cast demand fears on the ag futures.  Live cattle saw a lack of follow through buying, with hogs mixed. 

Grain and livestock end mixed Tuesday.  Soybeans saw double digit losses and November fell below $10 on profit taking and better than expected crop ratings driving yield ideas headed into the WASDE.  Dave Chatterton, Strategic Farm Marketing, says the lack of China export business was also negative.  Corn was caught between the lower soybeans and higher wheat market which saw short covering. Crude oil collapsed again and that macro market also cast demand fears on the ag futures.  Live cattle saw a lack of follow through buying, with hogs mixed.

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.