Grains higher led by soybeans.  Kent Beadle, Paradigm Futures, says China soybean prices spiked higher with rumors of them buying U.S. beans.  Plus, early yield reports on soybeans have been disappointing.  However, November finally got above the 50 day moving average.  Corn and wheat are extending slight gains from Tuesday with soybeans and stronger demand.  Live cattle had a strong technical close yesterday but are in a holding pattern awaiting the FOMC decision and hogs are chopping as well.  

Grains higher led by soybeans.  Kent Beadle, Paradigm Futures, says China soybean prices spiked higher with rumors of them buying U.S. beans.  Plus, early yield reports on soybeans have been disappointing.  However, November finally got above the 50 day moving average.  Corn and wheat are extending slight gains from Tuesday with soybeans and stronger demand.  Live cattle had a strong technical close yesterday but are in a holding pattern awaiting the FOMC decision and hogs are chopping as well.

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.