Corn and soybeans are extending yesterday's gains on hotter, drier weather forecasts and concerns that will cut into crop ratings.  However, Kent Beadle with Paradigm Futures, also thinks its tied to politics.  Wheat sets back initially with a higher dollar but then recovers.  While cattle are under pressure with higher corn and having priced in the bullish placements in the Cattle on Feed Report.  Hogs are to the plus side pushed by a contraseasonal rally in cash and cutouts but Beadle expects it to be somewhat short lived as producers use it as a hedge opportunity.  

Corn and soybeans are extending yesterday's gains on hotter, drier weather forecasts and concerns that will cut into crop ratings.  However, Kent Beadle with Paradigm Futures, also thinks its tied to politics.  Wheat sets back initially with a higher dollar but then recovers.  While cattle are under pressure with higher corn and having priced in the bullish placements in the Cattle on Feed Report.  Hogs are to the plus side pushed by a contraseasonal rally in cash and cutouts but Beadle expects it to be somewhat short lived as producers use it as a hedge opportunity.

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.