Grain and livestock are mostly higher Tuesday.  Allison Thompson with The Money Farm says corn and soybeans bounced off chart support and are seeing fund short covering but also strong end user buyer with another 14.2 million bushels of corn sold to Mexico. Soybeans are also watching stimulus efforts in China again with hopes of demand.  Wheat is trying to follow but struggles with improving weather in the wheat areas of the U.S. and Black Sea and Russia still undercutting global prices.  Cattle recover but need to take out overhead resistance to keep the bulls buying.  

Grain and livestock are mostly higher Tuesday.  Allison Thompson with The Money Farm says corn and soybeans bounced off chart support and are seeing fund short covering but also strong end user buyer with another 14.2 million bushels of corn sold to Mexico. Soybeans are also watching stimulus efforts in China again with hopes of demand.  Wheat is trying to follow but struggles with improving weather in the wheat areas of the U.S. and Black Sea and Russia still undercutting global prices.  Cattle recover but need to take out overhead resistance to keep the bulls buying.

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.