Corn & Wheat up on Short Covering Pre-Holiday, Soybeans Mixed: Cattle and Hogs Score Higher Weekly Closes

Grains mostly higher on shortcovering in corn and wheat EOY, preholiday. Soybeans end mixed watching Brazil wx, demand news. Cattle and hogs end higher Friday and for the week. Darin Newsom, Barchart, has more.

Grains mostly higher on shortcovering in corn and wheat EOY, preholiday. Soybeans end mixed watching Brazil wx and demand news. Cattle and hogs end higher Friday and for the week. Darin Newsom, Barchart, has more.

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Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
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