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.

AgWeb-Logo crop
Related Stories
Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
The grain markets were sharply lower Thursday morning with soybeans seeing 30-cent losses on disappointment the China summit has not produced any agricultural purchase agreements.
Sam Hudson with Cornbelt Marketing says corn and soybeans were firmer on inflationary buying and optimism regarding the China summit. Cattle soared with higher cash.
Read Next
Farmers in parts of the High Plains and Southeast need a break from relentless drought, while nationwide planting progress is outpacing the five-year average.
Get News Daily
Get Market Alerts
Get News & Markets App