Grains start higher with follow through buying and export news, but corn and beans hit chart resistance and retrace. Wheat is supported by China biz and the Middle East conflict, which is also pushing crude oil higher. Cattle start higher on higher cash, then see profit taking. Darin Newsom, Barchart, has more.
Grains Start Higher but Corn and Soybeans Fail, Wheat Sees China Biz: Cattle Consolidate
Grains start higher but row crops hit chart resistance and retrace. Wheat supported by China biz, oil up on Middle East conflict. Cattle start higher, then see profit taking. Darin Newsom, Barchart, has more.
Related Stories
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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.
Read Next
The Feikemas use cattle and hog waste to fuel 7,000 crop acres, eliminate insecticides and even guide land purchase decisions.


