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Grain markets open lower but corn and soybeans are trying to bounce. Early pressure was due to farmer selling and funds may take a break after 3-4 days of buying which pushed prices into chart resistance. Wheat pressure coming from improved winter wheat conditions, fast spring wheat planting and weather. The markets are also preparing for the WASDE. Cattle and hogs rebound on short covering and softer grains. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
See omnystudio.com/listener for privacy information.
By Michelle RookGrain markets open lower but corn and soybeans are trying to bounce. Early pressure was due to farmer selling and funds may take a break after 3-4 days of buying which pushed prices into chart resistance. Wheat pressure coming from improved winter wheat conditions, fast spring wheat planting and weather. The markets are also preparing for the WASDE. Cattle and hogs rebound on short covering and softer grains. Tomm Pfitzenmaier, Summit Commodity Brokerage, has more.
See omnystudio.com/listener for privacy information.

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