Grains See Lack of Follow Through Buying Pre-WASDE, Cattle Add Weather Premium

No follow through in grains after higher day Tuesday, pre-WASDE. CONAB’s Brazil estimates disappoint. Cattle add wx premium w/higher cash ideas. Hogs consolidate. Mike Minor, Professional Ag Marketing, has more.

Grains see a lack of follow through buying after higher closes and possible reversal in corn Tuesday. Report positioning and CONAB’s estimates for Brazil disappoint. Cattle build wx premium with higher cash ideas. Hogs consolidate. Mike Minor, Professional Ag Marketing, has more.

AgWeb-Logo crop
Related Stories
Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
November soybeans failed to close above the key $12 level and Naomi Blohm of Total Farm Marketing thinks the market may be running out of runway as Monday was mostly technical buying.
Get News Daily
Get Market Alerts
Get News & Markets App