Corn and soybeans lower on profit taking and better than expected crop ratings, with new contract lows in wheat. Livestock rebound after a mostly lower opening putting in some weather premium and with fund buying. Randy Martinson, Martinson Ag has details.
Corn and Soybeans Lower on Profit Taking, Crop Ratings with Contract Lows in Wheat: Livestock Rebound
Corn and beans lower on profit taking and better than expected crop ratings. Livestock rebound after a lower opening putting in weather premium and with fund buying. Randy Martinson, Martinson Ag has details.
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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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