Grains implode with fund liquidation and profit taking due to better rain chances but also end of quarter and heading into reports. Corn takes out major moving averages. Cattle impress with lower corn, shaking off softer cash and cutouts. Hogs mixed preparing for the report but will the cash, product rally fade after Prop 12 buying stops? Jeff Hoogendoorn, Professional Ag Marketing has details.
Another Ugly Day in the Grains: Cattle Impress with Lower Corn, While Hogs are Mixed Ahead of the Report
Ugly day in the grains with fund liquidation/profit taking on rain chances, EOQ, report positioning. Cattle impress with lower corn. Hogs mixed preparing for the report. Jeff Hoogendoorn, Professional Ag Marketing.
June 28, 2023 04:05 PM
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