Grain, Livestock and Crude Oil Markets Recover, Except for Contract Lows in Corn

Grain markets seeing corrective buying except for corn which made new lows again. Cattle seeing a relief rally, as well as crude oil. Shawn Hackett, Hackett Financial Advisors, has more.

Grain markets seeing corrective buying except for corn which made new lows again. Cattle seeing a relief rally, as well as crude oil. Shawn Hackett, Hackett Financial Advisors, has more.

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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.
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