Corn and wheat lower with technical selling, slow demand and easing global supply issues. Soybeans bounce off support with better export news and higher meal. Cattle trying to recover awaiting cash, while hogs see more profit taking and topping action. Vince Boddicker, Farmers Trading Company, has details.
Corn and Wheat Lower with Fund Selling, Slow Exports, While Soybeans Recover with Meal: Cattle Bounce off Support, Hogs Topping
Corn & wheat down on fund selling, slow demand. Soybeans bounce with better export news, higher meal. Cattle trying to recover awaiting cash, hogs topping. Vince Boddicker, Farmers Trading Company, 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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