Grains are quietly mixed Wednesday morning, with livestock higher.  Alan Brugler, A and N Economics, LLC says grains are caught in a tug of war between farmer selling and strong cash basis levels due to strong demand.  That was confirmed by more export sales of corn and soybeans Wednesday.  However, there uncertainty in the markets about the election, tariffs and low water levels on the Mississippi River again.  Plus, the dollar is higher and crude oil lower today which is a factor.  Cattle rally initially and live cattle made fresh near term highs but got right into chart resistance plus there may be some initial reaction to McDonalds pulling their Quarter Pounders.  

Grains are quietly mixed Wednesday morning, with livestock higher.  Alan Brugler, A and N Economics, LLC says grains are caught in a tug of war between farmer selling and strong cash basis levels due to strong demand.  That was confirmed by more export sales of corn and soybeans Wednesday.  However, there uncertainty in the markets about the election, tariffs and low water levels on the Mississippi River again.  Plus, the dollar is higher and crude oil lower today which is a factor.  Cattle rally initially and live cattle made fresh near term highs but got right into chart resistance plus there may be some initial reaction to McDonalds pulling their Quarter Pounders.

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.