Soybeans Add Risk Premium, While Wheat Sees Profit Taking: Cattle Extend Gains for Second Day

Soybeans rally building back Brazil weather premium, with wheat down for the second day on profit taking and corn follows. Cattle futures extend gains. Dave Chatterton, Strategic Farm Marketing, has more.

Soybeans see double digits gains building back Brazil weather premium, with wheat down for the second day on profit taking and corn follows. Cattle futures extend gains for a second day so is the bottom in? Dave Chatterton, Strategic Farm Marketing, has more.

AgWeb-Logo crop
Related Stories
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.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
Get News Daily
Get Market Alerts
Get News & Markets App