Soybeans Correct Lower, Short Covering in Wheat, Corn Caught in Middle: Cattle Consolidate Then Set All-Time Highs

Profit taking hits the soy complex. Short covering in wheat, corn caught in the middle. Cattle consolidate then hit all-time highs, better No. cash, Crude oil strong. Darin Newsom, Barchart has details.

Profit taking hits the soy complex. Short covering in wheat with a softer dollar, corn caught in the middle. Cattle consolidate and then hit more all-time highs with better northern cash. How high is crude oil going? Darin Newsom, Barchart has details.

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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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