Corn sees harvest pressure, with soybeans rallying on China talk and SA weather/estimates. Wheat sees short covering with the lower dollar. Live cattle filled the chart gap in the Dec but can they keep going? Hogs back up but into chart resistance. DuWayne Bosse, Bolt Marketing, joins us in the tractor while harvesting corn!
Markets From the Tractor on a Higher Day Except Corn: China Talk and SA News Drive Row Crops
Corn sees harvest pressure, soybeans up on China talk and SA news. Wheat sees short covering. Dec live cattle filled the chart gap but can they keep going? DuWayne Bosse, Bolt Marketing, joins us while harvesting corn!
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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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