Grains Higher on SA Weather but Off Highs on Profit Taking: More Fund Selling in Cattle

Grains still higher but row crops off session highs w/some profit taking after running into chart resistance, but still supported by Brazil weather. Cattle see fund selling. Allison Thompson, The Money Farm, has more.

Grains still higher at midday but row crops are off session highs with some profit taking after running into chart resistance and going into a holiday, but still supported by Brazil weather. Cattle see fund selling. Allison Thompson, The Money Farm, has more.

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Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
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