CPI data came in hotter than expected this morning which is weighing on the equities and the dollar has surged as well.  Wheat is rallying on short covering and Russia is slowing exports due to quality issues.  Corn is getting spillover support from higher wheat and crude oil.  Soybeans are lower with concerns about Conab raising Brazil crop estimates and despite 9.3 mb of new crop export business.  The complex is also positioning ahead of the USDA reports and watching weather.  Cattle set back on profit taking by the funds with another case of Bovine Influenza A in New Mexico.  Hogs are mixed but due for a correction after more contract highs were hit Tuesday.  Tomm Pfitzenmaier, Summit Commodity Brokerage, has details.  

CPI data came in hotter than expected this morning which is weighing on the equities and the dollar has surged as well.  Wheat is rallying on short covering and Russia is slowing exports due to quality issues.  Corn is getting spillover support from higher wheat and crude oil.  Soybeans are lower with concerns about Conab raising Brazil crop estimates and despite 9.3 mb of new crop export business.  The complex is also positioning ahead of the USDA reports and watching weather.  Cattle set back on profit taking by the funds with another case of Bovine Influenza A in New Mexico.  Hogs are mixed but due for a correction after more contract highs were hit Tuesday.  Tomm Pfitzenmaier, Summit Commodity Brokerage, has details.

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.

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