Corn and Wheat See Technical Bounce, Beans Try to Follow: Deeper Correction in Cattle Eyeing Fed Decision, Hogs Advance

Corn and wheat are oversold see technical bounce early, beans try to follow. Hogs advance with higher cutouts. A deeper correction in cattle eyeing the Fed decision. Randy Martinson, Martinson Ag has more.

Corn and wheat see technical buying and short covering early after getting oversold. Soybeans try to follow with 4.4 mb of export biz. Harvest pressure will keep a lid on prices. Hogs advance with higher cutouts and China hopes, with a deeper correction in cattle eyeing the Fed decision. Randy Martinson, Martinson Ag has more.

AgWeb-Logo crop
Related Stories
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.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
Read Next
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
Get News Daily
Get Market Alerts
Get News & Markets App