Grains are mixed early with livestock mostly higher.  Soybeans are holding slight gains on strong weekly exports but DuWayne Bosse, Bolt Marketing, says they may struggle to stay above the 50 day moving average with harvest progressing.  Corn is being pulled down by wheat and looking for more yield data, while wheat is seeing continued profit taking with a higher dollar, slower exports and rains in the SW Plains.  Cattle futures are strong with the rally in the stock market, lower interest rates and a bottom in the cash market, with December live cattle getting above $180.  Hogs see continued technical buying.  

Grains are mixed early with livestock mostly higher.  Soybeans are holding slight gains on strong weekly exports but DuWayne Bosse, Bolt Marketing, says they may struggle to stay above the 50 day moving average with harvest progressing.  Corn is being pulled down by wheat and looking for more yield data, while wheat is seeing continued profit taking with a higher dollar, slower exports and rains in the SW Plains.  Cattle futures are strong with the rally in the stock market, lower interest rates and a bottom in the cash market, with December live cattle getting above $180.  Hogs see continued technical buying.

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.