Grains are drifting lower again this morning.  Corn and soybeans saw some early short covering as they were oversold but are getting drug down by wheat. Wheat has seen profit taking and all of the grains have been down the last 5-6 days on renewed fund selling as the market seems to have worked any production concerns into the market.  Live cattle see some short covering, with feeders lower as that market chops.  Meanwhile, lean hogs make new lows for the move with stalled cash.  Kent Beadle, Paradigm Futures, has more.  

Grains are drifting lower again this morning.  Corn and soybeans saw some early short covering as they were oversold but are getting drug down by wheat. Wheat has seen profit taking and all of the grains have been down the last 5-6 days on renewed fund selling as the market seems to have worked any production concerns into the market.  Live cattle see some short covering, with feeders lower as that market chops.  Meanwhile, lean hogs make new lows for the move with stalled cash.  Kent Beadle, Paradigm Futures, 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.