Soy Complex Lower on Profit Taking, Brazil Weather...Pulls Corn and Wheat Off Highs: Cattle Fall with Cash, Hogs Mixed

Soy complex lower on profit taking, Brazil rain. That pull corn and wheat off highs despite export sales. Cattle fall with disappointing cash at $177/$280, hogs mixed. Mike Minor, Professional Ag Marketing, has more.

Soybeans and products lower on profit taking, Brazil rain and lower crude oil. That spilled over to pull corn and wheat off their highs despite flash export sales. Cattle fall with disappointing cash at $177/$280, with hogs mixed. Mike Minor, Professional Ag Marketing, has more.

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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.
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.
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