Cattle extend gains from Wednesday with better cash news, hogs lower with bigger supplies and fund selling. Grains mixed pre-report with soybeans bouncing off news lows for the move with fresh export biz. Scott Varilek, Kooima Kooima Varilek has more.
Catte Extend Gains with Better Cash News, Hogs Lower Again: Grain Mixed Pre-Report after New Lows in Soybeans
Cattle extend gains from Wednesday with better cash news, hogs lower with bigger supplies and fund selling. Grains mixed pre-report, soybeans bounce off w/export biz. Scott Varilek, Kooima Kooima Varilek has more.
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
After a down day on Tuesday the grain markets were higher early Wednesday a result of short covering according to Lane Akre, economist with Pro Farmer. However, he thinks the market has also taken out too much weather premium.
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