Grains See Profit Taking Post WASDE with Minor Adjustments: Cattle and Hogs See Relief Rally

Grains see profit taking & farmer selling post-WASDE w/ 25 mb cut in both corn & wheat ending stocks, 2 mmt cut in Brazil soybeans. Cattle & hogs see a relief rally. DuWayne Bosse, Bolt Marketing, has more.

Grains see profit taking and farmer selling post-WASDE with only slight changes, including a 25 mb cut in both corn and wheat ending stocks and a 2 mmt cut in Brazil soybean production. Cattle and hogs see a relief rally with help from softer grains. DuWayne Bosse, Bolt Marketing, has analysis.

AgWeb-Logo crop
Related Stories
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
Get News Daily
Get Market Alerts
Get News & Markets App