Corn hits 2-year lows then bounces with soybeans which are up on export biz, SA crop concerns and fund buying after taking out chart resistance. Wheat mixed trying to follow beans but suffering from weak demand. Cattle see profit taking awaiting cash. And the dollar is down sharply after putting in a reversal. Darin Newsom, Barchart, has details.
Soybeans Surge on Export Biz & Fund Buying, Corn Tries to Follow Bouncing Off 2-Year Low: Cattle See Profit Taking Awaiting Cash
Soybeans surge on export biz, SA crop concerns & fund buying, corn & wheat try to follow as corn holds 2-year lows. Cattle see profit taking awaiting cash. The dollar is down sharply. Darin Newsom, Barchart, has more.
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Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
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