Grains Lean Lower with WASDE Hangover, Eye SA Weather: Cattle Try to Consolidate After Plunge

Grains lean lower on WASDE hangover & eyeing SA weather, corn made a new low. Cattle 2-sided trying consolidating after fund selling & lower cash, hogs chop. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.

Grains lean lower on WASDE hangover & eyeing SA weather, corn made a new low. Cattle 2-sided trying consolidating after fund selling & lower cash, hogs chop. Tomm Pfitzenmaier, Summit Commodity Brokerage, 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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