Soybeans Up on SA Weather, Export Demand, Corn and Wheat Follow: Poor Technical Action in Cattle, but Hogs End Higher

Soybeans rally on SA weather, export demand, which supports corn and wheat as well as MX biz. Poor chart action in cattle, while hogs bounce but are into resistance. Vince Boddicker, Farmers Trading Company, has more.

Soybeans rally on SA weather, export demand and seasonals and that supports corn and wheat. The lower dollar and MX corn biz was also positive. Poor chart action in cattle, while hogs bounce but are into resistance so can they keep going? Vince Boddicker, Farmers Trading Company, has more.

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