Corn and wheat see a short covering bounce after the bloodbath Monday.  Kent Beadle with Paradigm Futures says soybeans are mixed with the forward spreads working, and indication of upfront demand.  Meanwhile November makes new lows and three year lows at that.  Weather has been bearish as well as report expectations and funds have been selling pushing record short in the corn market.  After some hedge pressure on Monday cattle are recovering with record cash.  Lean hogs continue to see bull spreading which may also be some underlying demand.  

Corn and wheat see a short covering bounce after the bloodbath Monday.  Kent Beadle with Paradigm Futures says soybeans are mixed with the forward spreads working, and indication of upfront demand.  Meanwhile November makes new lows and three year lows at that.  Weather has been bearish as well as report expectations and funds have been selling pushing record short in the corn market.  After some hedge pressure on Monday cattle are recovering with record cash.  Lean hogs continue to see bull spreading which may also be some underlying demand.

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.