Grains fail to see any follow through buying after the higher day yesterday with profit taking across the complex and rain chances in Argentina also weighing on futures, especially soybeans.  Plus, there was some farmer selling on the rally as basis fixed contracts will need to be rolled or executed on before March goes into delivery and March options also expire on Friday.  Cattle are strong heading into the Cattle on Feed Report with expected lower placements.  Outside markets are seeing weakness in the equity sector.  Randy Martinson, Martinson Ag, has more.  

Grains fail to see any follow through buying after the higher day yesterday with profit taking across the complex and rain chances in Argentina also weighing on futures, especially soybeans.  Plus, there was some farmer selling on the rally as basis fixed contracts will need to be rolled or executed on before March goes into delivery and March options also expire on Friday.  Cattle are strong heading into the Cattle on Feed Report with expected lower placements.  Outside markets are seeing weakness in the equity sector.  Randy Martinson, Martinson Ag, has more.

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.