Grains and livestock are mixed to lower early Wednesday.  DuWayne Bosse of Bolt Marketing says soybeans are consolidating with products, despite a 30,000 MT sale of bean oil to South Korea.  Corn is following soybeans with some light support from drier longer term weather in Argentina.  Wheat is trying to bounce with some short covering.  Cattle futures are consolidating after the higher day yesterday as the markets ran into chart resistance and saw lower boxed beef values.  Hogs are also seeing some more profit taking with lower cutouts, but will the funds buy the break again defending their record long position?

Grains and livestock are mixed to lower early Wednesday.  DuWayne Bosse of Bolt Marketing says soybeans are consolidating with products, despite a 30,000 MT sale of bean oil to South Korea.  Corn is following soybeans with some light support from drier longer term weather in Argentina.  Wheat is trying to bounce with some short covering.  Cattle futures are consolidating after the higher day yesterday as the markets ran into chart resistance and saw lower boxed beef values.  Hogs are also seeing some more profit taking with lower cutouts, but will the funds buy the break again defending their record long position?

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.