Soybeans see harvest pressure & technical selling, taking out the August low. That weighs on corn despite a 64.5 mb Mexico buy. Wheat mixed. Cattle come off lows, while hogs bounce. Kent Beadle, Paradigm futures has more.
Soybeans Take Out Support on Harvest Pressure, Pulling Down Corn Despite Large Mexico Sale: Cattle Come Off Lows
Soybeans see harvest pressure & technical selling, taking out support. That weighs on corn despite a 64.5 mb Mexico buy. Wheat mixed. Cattle come off lows, while hogs bounce. Kent Beadle, Paradigm futures has more.
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Dan Basse, president of Ag Resource Company, says he thinks the soybean market put in a bottom earlier in the week.
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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.
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