Grains are mixed early with livestock firming up.  Darin Newsom, Senior Market Analyst with Barchart, says wheat is seeing short covering adding risk premium with tension escalating in the Black Sea and threats by Russia to use nuclear weapons.  Soybeans are lower with no South America weather threat and tariff fears still in the mix.  Corn is flat caught in the middle but Newsom says demand has been strong reflected by firmer cash basis and bull spreading so he's hopeful December can finally move above $4.35 resistance.  However, he is concerned about demand shutting off for all grains after Trump takes office.  Cattle started mixed but have moved higher with feeders continuing to lead and despite seasonal weakness in fed cash and boxed beef.  

Grains are mixed early with livestock firming up.  Darin Newsom, Senior Market Analyst with Barchart, says wheat is seeing short covering adding risk premium with tension escalating in the Black Sea and threats by Russia to use nuclear weapons.  Soybeans are lower with no South America weather threat and tariff fears still in the mix.  Corn is flat caught in the middle but Newsom says demand has been strong reflected by firmer cash basis and bull spreading so he's hopeful December can finally move above $4.35 resistance.  However, he is concerned about demand shutting off for all grains after Trump takes office.  Cattle started mixed but have moved higher with feeders continuing to lead and despite seasonal weakness in fed cash and boxed beef.

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.