Reading Time: 2 minutes Chicago Board of Trade soybean and corn futures rebounded on Tuesday on short covering and technical buying after sliding to multiyear lows earlier in the session.
Wheat futures jump after a sharp drop on Monday
Lean hogs rose on hopes that U.S. cash prices had reached bottom
Concerns over Chinese demand for U.S. soybeans and wheat hung over the futures markets
Live cattle slipped somewhat but ended the week up 1.2 per cent
Corn futures set a contract low; wheat prices advanced
Wheat futures rebounded from one-month low; corn stabilized
Packers losing money processing beef due to tight supply
Corn consistently below moving averages a bearish sign says analyst
A two-week high in the U.S. dollar also hung over agricultural markets
Large supplies of hogs continue to pressure futures, analysts said