Soybeans up on SA Wx and Export News, Corn & Wheat Try to Follow: Cattle Gap Lower, Hogs See Corrective Buying

Soybeans up on SA wx, export news, bean oil. Corn and wheat try to follow but also see WASDE positioning. Cattle gap lower on open, corrective buying in hogs. Mark Schultz, Northstar Commodity, has more.

Soybeans putting in SA weather premium with export news and bean oil supportive. Corn and wheat are trying to follow. Markets also gearing up for the WASDE. Cattle gap lower on open on disappointing cash and lower boxed beef, hogs see corrective buying. Mark Schultz, Northstar Commodity, has more.

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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.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
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