Soybean Prices Try to Rebound on China Buying but Wheat Pressured by Dollar Early and Pulls Down Corn: Livestock Mostly Higher

Soybean prices rebound on China export biz. Wheat lower on higher dollar and technicals, pulling down corn. Cattle prices mostly higher on higher cash ideas. Michelle Rook talks with Ted Seifried of Zaner Ag Hedge.

After early pressure in the grains with the risk off outside markets, soybean prices are trying to rebound. Beans got help from export business to China and higher meal. Wheat reacts early to higher dollar and technicals and sells off pulling corn with it. Cattle prices are mostly higher with help from higher cash ideas, while hogs are mixed. Michelle Rook has analysis with Ted Seifried of Zaner Ag Hedge.

AgWeb-Logo crop
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.
Get News Daily
Get Market Alerts
Get News & Markets App