Soybeans and corn higher putting in late season weather premium with the lower Pro Farmer yields and new export biz. Technical selling and talk of Russia coming back into the Black Sea grain deal weighing on wheat. Cattle mixed following steady to lower cash but higher cutouts, hogs continue to slide. Tomm Pfizenmaier, Summit Commodity Brokerage has details.
Row Crops Higher on Weather, Tour Results and Export Biz, Wheat a Drag: Livestock Mixed
Soybeans and corn up on weather and export biz. Talks with Russia on reentering the Black Sea grain deal weigh on wheat. Cattle mixed, hogs continue to slide. Tomm Pfizenmaier, Summit Commodity Brokerage has more.
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Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
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