Michelle Rook

Ted Seifried with Zaner Ag Hedge says corn and soybeans saw a profit taking setback after making new highs for the move and hitting significant price objectives.

Chuck Shelby, Risk Management Commodities, says corn and soybeans saw profit taking after running into chart resistance on Wednesday but rebounded this morning adding back South America weather premium.

Craig Turner with StoneX says corn and soybeans rebounded Thursday and made fresh for the move highs on fund buying but South American weather and crop concerns are also supportive.

Dan Basse with Ag Resource, says grain markets set back on profit taking after running into chart resistance and news Argentina is lowering its export taxes on grains.

Cattle hit record highs again and hogs follow, says Brad Kooima of Kooima Kooima Varilek. Grains break on South America weather and tariff concerns.

Terry Wolters, pork producer from Pipestone, Minnesota and past president of the National Pork Producers Council, says optimism is returning to the industry with better prices.

Mike Zuzulo, Global Commodity Analytics, says grains further corrected with funds liquidating in corn, soybeans and meal due to rains over the weekend in Argentina and more in the extended forecast.

The Panama Canal is in President Donald Trump's crosshairs — and he's pledged to retake control of the strategic waterway due to Chinese influence. He also claims U.S. ships have been unfairly charged for using the canal.

DuWayne Bosse, Bolt Marketing, says corn and wheat are trying to recover Tuesday with fund short covering.

Jeff Hoogendoorn, Professional Ag Marketing, says corn and cattle are major bull markets and there are certain signals he's looking for to indicate all of the bullish fundamentals are worked into prices.