Soybeans Add Brazil Risk Premium, Wheat Sees Profit Taking Pulling Down Corn: Cattle Try to Hold Gains

Soybeans add Brazil weather premium with help from export biz, corn tried to follow but got pulled down by wheat which is seeing profit taking. Cattle struggle to hold gains. Randy Martinson, Martinson Ag, has more.

Soybeans adding Brazil weather premium with help from export biz, corn tried to follow but got pulled down by wheat which is seeing profit taking. Cattle struggle to hold gains while keeping an eye on economic news and the FOMC decision. Randy Martinson, Martinson Ag, has more.

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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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