Soybeans and corn end higher on technical bounce and hot dry weather but how much recovery can we expect? Wheat sees weak technicals and demand. Cattle down for the 5th day as funds liquidate and with weaker cash, while hogs bounce due to the discount to the index. Don Roose with U.S. Commodities has details.
Soybeans and Corn Higher on Weather, Technical Bounce While Wheat Struggles: Cattle Down 5th Day with Weak Cash, Hogs Bounce
Row crops see technical bounce with hot dry weather. How much recovery can we expect? Wheat sees weak technicals and demand. Cattle down with weaker cash, while hogs bounce. Don Roose with U.S. Commodities has more.
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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.
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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.
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