Corn Bounces Off New Lows, Soybeans and Wheat Lower Eyeing U.S. and SA Weather

Corn bounces off new lows, soybeans lower eyeing Brazil rains and wheat seeing profit taking. Grain markets face shipping issues & farmers are more unsold than normal. Nick Tsiolis, Farmers Keeper.

Corn bounces off new lows, with soybeans lower eyeing Brazil rains and wheat seeing profit taking with rains in HRW areas. Grain markets are facing shipping issues and farmers are more unsold than normal. Nick Tsiolis, Farmers Keeper, discusses all that and basis levels.

AgWeb-Logo crop
Related Stories
Joe Kooima of Kooima Kooima Varilek says funds continue to pressure the cattle futures and he anticipates that will continue after last week’s lower weekly closes.
Allison Thompson with The Money Farm says the failure was likely position squaring heading into the three day holiday plus markets ran into chart resistance and saw some profit taking.
Scott Varilek with Kooima Kooima Varilek says cattle futures were struggling early Thursday with lower cash as the packers are trying to break the market with their own inventory.
Get News Daily
Get Market Alerts
Get News & Markets App