Corn and Wheat Lower, While Soybeans Bounce on Crush & Lower Brazil Crop: Cattle Firm with Higher Beef

Corn sees report hangover with lower wheat, soybeans pop with lower Brazil crop, record crush. Cattle try to hold gains watching wx, cash, while hogs look tired. Vince Boddicker, Farmers Trading Company, has more.

Corn sees report hangover with lower wheat, soybeans pop with lower Brazil production and a record crush figure. Cattle try to hold gains watching wx. and awaiting cash, hogs look tired and concerned about hogs backing up. Vince Boddicker, Farmers Trading Company, has more.

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Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
November soybeans failed to close above the key $12 level and Naomi Blohm of Total Farm Marketing thinks the market may be running out of runway as Monday was mostly technical buying.
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