Soybeans Lead on China Talks and SA Weather, Spills Over to Corn: Cattle Bounce off Lows and Hogs Follow

Soybeans rally on SA weather and China export hopes, pulling up corn. Wheat is a reluctant follower with weak demand. Cattle recover from new lows for the move, hogs follow. Kent Beadle, Paradigm Futures, has more.

Soybeans rally on SA weather and China trade talks, which is pulling up corn. Wheat is a reluctant follower with weak demand. Cattle recover from new lows for the move, while hogs follow cattle with China hopes also in the backdrop. Kent Beadle, Paradigm Futures, has details.

AgWeb-Logo crop
Related Stories
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.
Read Next
Get News Daily
Get Market Alerts
Get News & Markets App