Funds Return as Sellers in Cattle and Hogs: Corn Follows Wheat Higher, Soybeans Ease

After two up days funds use strength in the cattle to sell. Hogs slide with lower cash. Corn follows wheat higher, with soybeans seeing some profit taking. Brad Kooima, Kooima Kooima Varilek has more.

After two up days funds use strength in the cattle to sell so there’s no confirmation of a bottom yet. Hogs slide with lower cash. Corn follows wheat higher, with soybeans seeing some profit taking. Brad Kooima, Kooima Kooima Varilek has more.

AgWeb-Logo crop
Related Stories
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.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
Read Next
Get News Daily
Get Market Alerts
Get News & Markets App