Cattle Consolidate Ahead of Fed Announcement: Soybeans Rally on Brazil and China News and Pull Along Corn

Cattle consolidate ahead of the Fed announcement, with hogs up. Soybeans rallying on China and Brazil news and corn is trying to follow. Michelle Rook gets an update with Brad Kooima of Kooima Kooima Varilek.

Cattle are consolidating ahead of the Fed announcement, while hogs are higher. Soybeans rallying on China and Brazil developments and corn is trying to follow. Michelle Rook gets a midsession update with Brad Kooima of Kooima Kooima Varilek.

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Dave Chatterton with Strategic Farm Marketing says funds have sold and liquidated hard the last three weeks in the corn market and while they took their foot off the gas on Monday he doesn’t think the selling is done.
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
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