Grains See a Corrective Bounce: Cattle Mixed, Geopolitical News Pressures Crude Oil

Grains seeing a corrective bounce but trading weather, export news and war headlines. Live cattle continue to correct. Crude oil pressured on geopolitical news. Darin Newsom, Barchart, has more.

Grains seeing a corrective bounce after KC wheat hit new contract lows yesterday but trading weather, export news and war headlines. Live cattle continue to correct while feeders are down with higher corn, but is the bull market over? Crude oil down hard trading geopolitical headlines. Darin Newsom, Barchart, covers it all!

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Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
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.
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