Soybeans Add Brazil Weather Premium, Corn a Reluctant Follower with Lower Wheat: Cattle Disappoint, Crude Oil Surges

Soybeans up adding Brazil weather premium, corn is reluctant follower with wheat making new lows on poor demand. Cattle disappoint after the COF Report, with crude oil surging. Tommy Grisafi, Advance Trading, has more.

Soybeans and products lead gains adding Brazil weather premium, corn is reluctant follower with wheat making new lows on poor demand. Cattle end mixed and disappoint after the Cattle on Feed Report, and the second big up day in crude oil. Tommy Grisafi, Advance Trading, has analysis.

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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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