Grains See Corrective Bounce, Watching Weather and War: Funds Sell in Cattle on Steady to Weaker Cash, Hogs Bounce

Grains mostly higher on corrective buying, soybean export biz but watching weather, war news. Cattle lower on disappointing cash, hogs bounce with higher cutouts. Vince Boddicker, Farmers Trading Company, has details.

Grains mostly higher seeing corrective buying and soybean export biz but watching weather and Black Sea war news. Cattle see fund selling with disappointing cash, hogs bounce with higher cutouts. Vince Boddicker, Farmers Trading Company, has details.

AgWeb-Logo crop
Related Stories
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
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.
Read Next
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
Get News Daily
Get Market Alerts
Get News & Markets App