Grain and livestock ended mixed Wednesday. Mike Minor with Professional Ag Marketing says soybeans saw a nice short covering bounce on the heels of a rally in soybean oil and more flash export sales to China and unknown. However, corn could not follow soybeans or the higher wheat market, despite more export business due to harvest pressure and technical selling after failing to take out chart resistance. Cattle futures saw follow through technical selling after bearish reversals on Tuesday and with lower boxed beef values. Minor says the key will be what the cash does as the end of the week. Lean hog futures hit more contract highs on fund buying but Minor says strong demand as seen in the higher cutout value has also been supportive.

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