Soybeans and Wheat See Corrective Buying, But Corn Hits New Lows on Liquidation, Hedge Pressure: Cattle Consolidate, Milk Drifts

Wheat & beans see corrective buying but corn hits new lows on hedge pressure, liquidation. Cattle consolidate but are funds done liquidating? Milk prices continue to drift. Bryan Doherty, Total Farm Marketing, has more.

Grains bounce except corn which hits new contract lows on continued hedge pressure and liquidation before first notice day. Soybeans get help from 4.5 mb of export biz. Cattle try to recover but are funds done liquidating and milk prices continue to drift with lower product values. Bryan Doherty, Total Farm Marketing, covers it all.

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Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
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