Soybeans Higher on Weather, Export Biz While Corn Lower with Wheat and Growing Yield Ideas: Cattle and Hogs Mostly Lower Consolidating

Soybeans up on weather and export biz, corn down on poor technicals and higher yield ideas. Cattle consolidate despite steady to higher cash, hogs seasonally slide. Mike Minor, Professional Ag Marketing has more.

Soybeans up on weather and export biz, corn down with wheat and on poor technicals after the reversal Friday, weekend rains and higher yield ideas. Cattle consolidate despite steady to higher cash, hogs seasonally slide. Mike Minor, Professional Ag Marketing has more.

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Joe Kooima of Kooima Kooima Varilek says the reaction was a bit muted considering the placements were well below estimates. However, he says some of it was already priced in.
Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
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NASS says incorrect acreage weights for irrigated and nonirrigated fields affected September corn yield estimates for Kansas, Nebraska and the U.S. The agency’s October forecast remains unchanged.
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