Soybeans Tank on China Economic News, Corn and Hard Wheats Make Contract Lows: Cattle Rebound

Grains fall on risk off technical selling. Beans & meal led losses on China’s GDP news. Corn, KC & MN wheat hit contract lows. Cattle rebound despite bearish outside markets. Allison Thompson, The Money Farm, has more.

Grains end lower with risk off technical selling. Soybeans and meal led the losses on China’s GDP news and corn, KC and MN wheat all made new contract lows. Cattle rebound despite bearish outside markets. Allison Thompson, with The Money Farm, has analysis.

AgWeb-Logo crop
Related Stories
Live cattle futures were lower again on Wednesday and have spent several consecutive days under the 100-day moving average. Brad Kooima with Kooima Kooima Varilek says it is looking like more than a healthy correction.
Mark Knight of Farmers Keeper Financial says the market was looking for confirmation of China soybean purchases and now will need to see more sales to continue the rally.
November soybeans failed to close above the key $12 level and Naomi Blohm of Total Farm Marketing thinks the market may be running out of runway as Monday was mostly technical buying.
Get News Daily
Get Market Alerts
Get News & Markets App