Corn Down 8th Day, While Soybeans Bounce on Exports But Watching Weather: Cattle Post Nice Recovery, Hogs See Topping Action

Corn down on fund selling, poor exports. Soybeans hold support with meal, keeping some weather premium. Cattle have nice recovery on rising cash bids, hogs collapse. Scott Varilek, Kooima Kooima Varilek has details.

Corn down for the 8th day on fund selling, lower wheat and poor exports. Soybeans bounce off support with meal, export biz, holding some weather premium. Cattle stage nice recovery on rising cash bids, hogs collapse. Scott Varilek, Kooima Kooima Varilek 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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