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Corn & beans make more new lows and it’s not just fund selling. Wheat erases early gains as well. Live cattle reverse off near term highs pre-COF, hogs close above resistance. DuWayne Bosse, Bolt Marketing, has more.
As previously reported, FBN’s board had launched a search for the next CEO for the company.
Cattle hit new near-term highs on any pullback. Hogs higher pushed by cash. Corn bounces off contract lows following wheat. Soybeans struggle with better SA weather. Sott Varilek, Kooima Kooima Varilek, has more.
“We’re living in a world where it’s just a matter of time,” Harlan Asmus says referencing the development of resistance.
Grain markets are attempting to recover some lost ground in the early morning trade, will the strength last through today’s session?
Mexico will continue to buy corn from the U.S. for livestock feed and industrial use, despite the ongoing formal dispute over its ban on imports of genetically modified (GM) corn for human consumption.