Grains Lower on Bearish Report and Fade Big Soybean Export Sales: Cattle Melt on Fund Selling, Lower Cash

Grains lower after a bearish WASDE Report, fading big soybean export sales but still respecting SA weather. Cattle see massive fund liquidation amid lower cash, hogs mixed. Don Roose, U.S. Commodities, has details.

Grains end lower in reaction to a bearish WASDE Report and fading big soybean export sales. Corn took out the September lows so how low will the market go? And can soybeans stay down with SA weather issues? Cattle see massive fund liquidation amid lower cash at $180-mostly $181 in the south down $4, and Northern trade $181/$287 down $5. While hogs end mixed. Don Roose, U.S. Commodities, has details.

AgWeb-Logo crop
Related Stories
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.
Read Next
Get News Daily
Get Market Alerts
Get News & Markets App