Dan Basse with Ag Resource, says grain markets set back on profit taking after running into chart resistance and news Argentina is lowering its export taxes on grains.

Grain and cattle markets see early strength ... breakout to new highs for the move on strong demand and dryness in Argentina, plus funds are long and adding to that position.

Saudi Arabia's largest dairy company announced it was buying Argentine farm operator Fondomonte ... to feed chickens and cattle. The Saudi purchase was announced as Argentina's Senate approved ...

Beef exports from Argentina between January and September ... according to a report from the Economy Ministry's Agriculture, Livestock, and Fisheries Secretariat released Wednesday in Buenos ...