Rich Nelson with Allendale, Inc. says grains continued to rally on Wednesday with livestock leaning lower.  Funds continue to cover short positions in the grain markets but there is also a fundamental push coming from moderating yield expectations in South America and in the U.S. The U.S. sentiment was reflected in their national annual yield survey.  That combined with a pick up in demand could keep the rally going for awhile.  Cattle futures consolidate with some early lower cash at $180 in Kansas and despite strong beef values post-Labor Day.  Hog futures also set back after a strong chart breakout and push from stronger demand.  So is the rally over?  

Rich Nelson with Allendale, Inc. says grains continued to rally on Wednesday with livestock leaning lower.  Funds continue to cover short positions in the grain markets but there is also a fundamental push coming from moderating yield expectations in South America and in the U.S. The U.S. sentiment was reflected in their national annual yield survey.  That combined with a pick up in demand could keep the rally going for awhile.  Cattle futures consolidate with some early lower cash at $180 in Kansas and despite strong beef values post-Labor Day.  Hog futures also set back after a strong chart breakout and push from stronger demand.  So is the rally over?

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.