Soybeans See Pressure From Harvest and Weak Exports, Wheat Bounces with lower EU Production: Funds Sell in Cattle, Hogs Helped by Exports

Beans see pressure on harvest & weak exports w/low river levels. Wheat up on lower EU estimate. Cattle see risk off selling w/lower cash, hogs lifted by strong exports. Mike Zuzulo, Global Commodity Analytics, has more.

Corn and soybeans see harvest pressure and slow bean exports with the low river levels. Wheat sees short covering with the lower EU crop estimate. Cattle still see risk off selling with lower cash, hogs lifted by strong exports and stable cutout values. Mike Zuzulo, Global Commodity Analytics, has details.

AgWeb-Logo crop
Related Stories
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.
Read Next
NASS identified a processing error affecting September corn data for Kansas, Nebraska and national figures. The agency says its October forecast of 181.2 bu. per acre remains unchanged, leaving questions about the yield jump.
Get News Daily
Get Market Alerts
Get News & Markets App