Corn and soybeans higher on report positioning and corrective buying end of quarter. Wheat falls with higher dollar. Basis levels have weakened substantially with the low river levels. Cattle fade an early bounce. Nick Tsiolis, Farmers Keeper, has more.
Markets Lean Higher Except Wheat and Cattle with Corrective Buying, Report Squaring: Grain Basis Weakens with Lower River
Row crops higher on report squaring, corrective buying end of quarter. Wheat falls with higher dollar. Basis levels weak with the low river levels. Cattle fade early bounce. Nick Tsiolis, Farmers Keeper, has more.
Related Stories
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.
Read Next
High court sides with EPA’s safety findings on glyphosate, blocking state-level cancer warning claims and potentially resolving litigation that threatened herbicide supply to farmers.


