Corn and Wheat Lower Ahead of Report, Soybeans Hold Gains with China Biz: Cattle Supported by Higher Beef Values, Hogs Fail

Corn and wheat ahead of the WASDE. Soybeans firm after holding support and with China biz. Cattle follow higher beef values and cash ideas, hogs fall with cash index. DuWayne Bosse Bolt Marketing has more.

Corn and wheat see technical selling with poor demand and ahead of the WASDE. Soybeans firm after holding support and with China biz. Cattle up following higher beef values and cash ideas, hogs fall with cash index. DuWayne Bosse Bolt Marketing has more.

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Joe Kooima of Kooima Kooima Varilek says the reaction was a bit muted considering the placements were well below estimates. However, he says some of it was already priced in.
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
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