Cattle Make New Highs, Hogs Test Resistance: Grains Slide Ahead of WASDE

Cattle hitting new contract highs again on bullish cash ideas, tight supplies. Hogs test resistance. Grains lower pre-WASDE, with disappointment about crop ratings. Brad Kooima, Kooima Kooima Varilek has more.

Cattle hitting new contract highs again on bullish cash ideas, tight supplies. Hogs test the upper end of the trading range on the charts. Will they break through? Grains lower positioning ahead of the WASDE, with some disappointment about crop ratings. Brad Kooima, Kooima Kooima Varilek has more.

AgWeb-Logo crop
Related Stories
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.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
Read Next
Get News Daily
Get Market Alerts
Get News & Markets App