Grains higher on corrective buying, but corn and soybeans also posted higher weekly closes which is helping out.  Wheat futures are rebounding with Paris milling wheat which hit new contract lows Friday.  China has also been in buying and while they have only bought U.S. sorghum there is hope for more sales.  The markets will also be gearing up for USDA and Conab estimates for Brazil.  Livestock futures are lower with higher feed prices and profit taking.  Randy Martinson, Martinson Ag, talks about that and February insurance prices have been set.  

Grains higher on corrective buying, but corn and soybeans also posted higher weekly closes which is helping out.  Wheat futures are rebounding with Paris milling wheat which hit new contract lows Friday.  China has also been in buying and while they have only bought U.S. sorghum there is hope for more sales.  The markets will also be gearing up for USDA and Conab estimates for Brazil.  Livestock futures are lower with higher feed prices and profit taking.  Randy Martinson, Martinson Ag, talks about that and February insurance prices have been set.

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.