Soybeans Up on Weather and New Crop Exports, Corn Tries to Follow with Technical Selling in Wheat: Cattle Digest Steady/Lower Cash

Soybeans up on hot dry wx & new crop exports, corn follows but fights lower wheat with more technical selling. Cattle see fund selling with steady/lower cash, hogs bounce. Mark Schultz, Northstar Commodity has more.

Soybeans higher on hot dry weather and better new crop exports, corn tries to follow but fights lower wheat with more technical selling and weak demand. Cattle continue to see fund selling with steady to lower cash, hogs bounce. Mark Schultz, Northstar Commodity has more.

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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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.
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