Soybeans Surge on SA Weather, Export Biz, Which Pulls up Corn and Wheat: Livestock Down on Profit Taking

Soybeans surge on SA weather concerns, export biz, lower $, which pulls wheat higher, corn off two-year lows. Livestock see profit taking, despite strong cash cattle news. Bryan Doherty, Total Farm Marketing, has more.

Soybeans surge on SA weather concerns, export biz, lower dollar which pulls wheat higher and corn off two-year lows. Livestock see profit taking after a higher week and despite better cash cattle news. Bryan Doherty, Total Farm Marketing, 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.
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.
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