Grains End Mixed with Weather Supporting Soybeans: Cattle and Hogs Both in the Red as Funds Sell

Weather supports soybeans, corn steady after holding the July low, while wheat falls with poor demand, fading war news. Cattle and hogs on seasonal weakness and fund selling. Kent Beadle, Paradigm Futures has more.

Grains end mixed with weather supporting soybeans. Dec corn fractionally higher after holding the July low of $4.81, while wheat falls with poor demand, fading war news. Cattle and hogs both end with losses on seasonal weakness and fund selling. Kent Beadle, Paradigm Futures has analysis.

AgWeb-Logo crop
Related Stories
Joe Kooima of Kooima Kooima Varilek says the reaction was a bit muted considering the placements were well below estimates. However, he says some of it was already priced in.
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Read Next
NASS says incorrect acreage weights for irrigated and nonirrigated fields affected September corn yield estimates for Kansas, Nebraska and the U.S. The agency’s October forecast remains unchanged.
Get News Daily
Get Market Alerts
Get News & Markets App