Soybeans Lead Grains Lower on Brazil Rain Chances, Technical Selling: Cattle Bounce Before COF, Post Tyson Cyberattack

Soybeans pull grains lower with rain chances for Brazil and technical selling. Cattle see short covering pre-COF and after the Tyson cyberattack. Hogs firm. Vince Boddicker, Farmers Trading Company, has details.

Grains lower led by soybeans with rain chances for Brazil and some technical selling. Cattle see short covering ahead of the COF and recovering after the Tyson cyberattack. Hogs firm up with cattle but still rangebound. Vince Boddicker, Farmers Trading Company, 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