Grains end mixed and give up most of Tuesday's early rally. What happened? Kevin Duling, KD Investors, says the market ran up into some chart resistance and is starting to look a little tired. However, he says there was likely some hedge pressure and farmer selling on the rally. He doesn't think the markets will set back much before resuming the strength due to strong demand, disappointing yields and U.S. and global weather concerns. Plus, he says the funds are looking for a home for their money and grains are undervalued. Cattle end mostly higher making more new highs for the move and while the market looks good technically and has been pushed by higher cash, Duling is a bit cautious due to the seasonal increase in supplies.

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