Wheat is higher for a 7th day on technical buying and U.S. and global production concerns.  However, the market is watching rain chances in the extended forecast for the HRW areas and is nearing some chart resistance according to Allison Thompson of The Money Farm.  Corn and soybeans are seeing light pressure as they are into chart resistance and rain in the Corn Belt is actually seen as a bit bearish.  Export demand may be the sleeper fundamental for the corn market while weaker exports have hurt the soybeans.  Cattle continue to rally after Thursday's reversal on steady to higher cash.  

Wheat is higher for a 7th day on technical buying and U.S. and global production concerns.  However, the market is watching rain chances in the extended forecast for the HRW areas and is nearing some chart resistance according to Allison Thompson of The Money Farm.  Corn and soybeans are seeing light pressure as they are into chart resistance and rain in the Corn Belt is actually seen as a bit bearish.  Export demand may be the sleeper fundamental for the corn market while weaker exports have hurt the soybeans.  Cattle continue to rally after Thursday's reversal on steady to higher cash.

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.