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.

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.

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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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