Grains Higher with Corrective Buying in Corn and Wheat, SA Weather Supports Soybeans and Meal: Lower Cutouts Hit Cattle, Hogs Bounce

Soybeans higher with new contract highs in soybean meal on Argentina weather, corn and wheat see corrective buying. More profit taking in cattle w/ lower cutouts, while hogs up. Michelle Rook has analysis.

Grains firmer to start with new contract highs in soybean meal on Argentina weather concerns supporting soybeans, corn and wheat see corrective buying. More profit taking in cattle with lower cutouts, while hogs are seeing a bounce with a rebound in cutouts and firmer cash. Michelle Rook has analysis.

AgWeb-Logo crop
Related Stories
Dave Chatterton with Strategic Farm Marketing says funds have sold and liquidated hard the last three weeks in the corn market and while they took their foot off the gas on Monday he doesn’t think the selling is done.
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Read Next
Applying a keen sense of business and creating non-farm assets, Tim Nuss unlocks a flywheel effect to propel the Nuss Farms forward.
Get News Daily
Get Market Alerts
Get News & Markets App