Cattle futures make new highs for the move early, pushed by higher cash trade says Brad Kooima of Kooima Kooima Varilek.  The Cattle of Feed report was largely neutral and so the key will be if the funds want to keep buying on the strong technical signals.  Hog futures are also making near term highs with fund buying and China economic news.  Grains are seeing strong gains led by soybeans as China lowers interest rates, exporters report a 6 million bushel sale of soybeans and weather concerns in Brazil.  Soybeans are seeing a chart breakout but can they keep going as harvest pressure picks up?

Cattle futures make new highs for the move early, pushed by higher cash trade says Brad Kooima of Kooima Kooima Varilek.  The Cattle of Feed report was largely neutral and so the key will be if the funds want to keep buying on the strong technical signals.  Hog futures are also making near term highs with fund buying and China economic news.  Grains are seeing strong gains led by soybeans as China lowers interest rates, exporters report a 6 million bushel sale of soybeans and weather concerns in Brazil.  Soybeans are seeing a chart breakout but can they keep going as harvest pressure picks up?

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.