Soybeans see follow-through selling on WASDE hangover, corn rallies with wheat after holding support in the face of bearish report news, and has wheat finally bottomed? Cattle consolidating after new highs and with bearish CPI data. Allison Thompson, The Money Farm, has details.
Soybeans Lower, Corn Rallies with Wheat After Holding Support: Cattle Consolidate With Bearish CPI Data
Soybeans see more selling on WASDE hangover, corn rallies with wheat after holding support and has wheat finally bottomed? Cattle consolidate with bearish CPI data. Allison Thompson, The Money Farm, has more.
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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.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
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