Grain and livestock futures are mixed Thursday.  Mark Knight, Farmer's Keeper Financial, says soybeans are seeing follow through buying after a strong close yesterday and with strong exports of nearly 75 million bushels.  He says soybeans were able to to shake off tariff concerns after the election with ideas it Trump may hold China's feet to the fire on trade and China may front load more business.  Corn is getting drug down by wheat despite a strong close above resistance yesterday, exceptional weekly exports of 109 million and a flash sale of 4.7 mb to unknown. Here too he sees front loading on corn exports from Mexico and Japan before Trump takes office. Wheat is seeing pressure from rains that have fallen and more in the forecast for Hard Red Winter Wheat areas.  

Grain and livestock futures are mixed Thursday.  Mark Knight, Farmer's Keeper Financial, says soybeans are seeing follow through buying after a strong close yesterday and with strong exports of nearly 75 million bushels.  He says soybeans were able to to shake off tariff concerns after the election with ideas it Trump may hold China's feet to the fire on trade and China may front load more business.  Corn is getting drug down by wheat despite a strong close above resistance yesterday, exceptional weekly exports of 109 million and a flash sale of 4.7 mb to unknown. Here too he sees front loading on corn exports from Mexico and Japan before Trump takes office. Wheat is seeing pressure from rains that have fallen and more in the forecast for Hard Red Winter Wheat areas.

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.