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.

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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.
Dan Basse, president of Ag Resource Company, believes China bought a half million tons of U.S. soybeans last week.
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