Grains Mixed in Holiday Mode, Despite Big Soybean Export Sale, SAF Decision: Livestock 2-Sided

Grains mixed in holiday mode. Early gains in beans on export biz, but Brazil rain chances cap rally. Corn follows, wheat is higher. Cattle and hogs 2-sided. DuWayne Bosse, Bolt Marketing, has more.

Grains mixed and in holiday mode. Early gains in soybeans on 21.4 mb export biz, but Brazil rain chances cap rally. SAF decision fails to excite corn, while wheat is higher on technical buying. Livestock 2-sided with sloppy cash but cattle could post a higher weekly close. DuWayne Bosse, Bolt Marketing, has more.

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