Markets Now with Michelle Rook Michelle Rook

Grains end higher to close out the week with pre-holiday trade and putting in some weather premium.  Cattle traded mostly lower ahead of the Cattle on Feed Report despite some record cash in the North.  Hogs made new lows for the move but is a bottom close?  Garrett Toay, AgTraderTalk, has more.
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Cattle futures fade the record high cash trade with caution heading into the Cattle on Feed Report.  Hogs still seeing fund selling pressure and searching for a low.  Grains chop ahead of the holiday eyeing weather and technically into resistance areas that may limit a rally.  Scott Varilek, Kooima Kooima Varilek, has details.   
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Corn and wheat end higher still trading weather concerns in the U.S. and globally, but corn exports were also strong.  Both markets are up challenging chart resistance.  Soybeans set back on poor exports and the lack of confirmation on China export business, plus profit taking hit when July soybeans couldn't take out $12.50.  Cattle set back after making new highs for the move and on the heels of higher cash with caution ahead of the Cattle on Feed Report.  Allison Thompson, The Money Farm, has details.
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Grains all higher early and then markets turn mixed as some of the grain contracts hit chart resistance and see farmer selling.  Weather concerns continue globally and in the U.S. continue to support the market as well as renewed talk of China soybean buying.  But what are cash basis levels doing on grains and when should farmers sell?  Nick Tsiolis, Farmers Keeper, shares insight.  
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Soybeans and products higher on talk of China export sales and rising soybean prices in China and Brazil. Corn followed soybeans, while CH and KC wheat made new highs for the move and then saw some farmer selling hit.  Cattle made new highs for the move with higher cash news and the futures discount, while hogs made new near term lows with fund selling and slower demand.  Mark Schultz, Northstar Commodity, has details.  
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Grains open higher with wheat making new highs for the move before farmer selling kicks in, while corn and soybeans are trying to hold gains on planting delays and talk of China old crop soybean business.  Cattle make new highs for the move with early higher cash and cutouts, hogs make new lows for the move and take out key support.  Kent Beadle, Paradigm Futures, has more.
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