Mike Zuzulo, Global Commodity Analytics, says corn and wheat set back on profit taking.  Soybeans start lower but rebound with export business to China and unknown destinations and some concerns about dryness in Brazil impacting planting.  Cattle futures have a tough technical day taking out key support but lower cash at $181 in the South also hit futures.  He says lean hogs followed cattle but also saw some profit taking with China economic concerns weighing on the market.

Mike Zuzulo, Global Commodity Analytics, says corn and wheat set back on profit taking.  Soybeans start lower but rebound with export business to China and unknown destinations and some concerns about dryness in Brazil impacting planting.  Cattle futures have a tough technical day taking out key support but lower cash at $181 in the South also hit futures.  He says lean hogs followed cattle but also saw some profit taking with China economic concerns weighing on the market.

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.