Corn, Wheat Mostly Lower on Weather, WASDE, Soybeans Up on Export Sale, Bean Oil: Livestock Bounce After Profit Taking

Corn and wheat mostly lower, on weather, report positioning. Soybeans up with an export sale & higher bean oil. Cattle and hogs try to stabilize after a two days of profit taking. DuWayne Bosse, Bolt Marketing.

Corn is lower this morning with a more favorable forecast, but is also following mostly lower wheat and both are seeing report positioning. Soybeans are up with a 7.2 mb export sale and higher bean oil. Cattle and hogs try to stabilize after a couple of days of profit taking, but where do they go from here? DuWayne Bosse, Bolt Marketing has more.

AgWeb-Logo crop
Related Stories
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Scott Varilek with Kooima Kooima Varilek says cattle futures are back trading higher with their huge discount to the record cash trade. He says cash trade could get even crazier.
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
Get News Daily
Get Market Alerts
Get News & Markets App