Grains Mixed Awaiting Fresh News, Fed Decision with Short Covering in Wheat: Cattle and Hogs Continue to Grind Higher

Grains mixed early. Wheat sees short covering after new lows in KC and MN, row crops looking for direction, await FOMC. Livestock building on recent gains. Vince Boddicker, Farmers Trading Company, has more.

Grains mixed early with wheat seeing short covering after new lows in KC and MN, row crops looking for direction and awaiting the FOMC decision. Livestock continue to build on recent gains. Vince Boddicker, Farmers Trading Company, 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.
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