Cattle bounce as cash ideas turn higher and after futures closed well off the lows yesterday. Hogs see profit taking in all but the August contract which made new highs for the move. Soybeans bounce after lower crop ratings, corn flat. So have the grains removed too much weather premium? Brad Kooima, Kooima Kooima Varilek has more.
Cattle Recover as Cash Ideas Turn Higher, Hogs 2-sided: Soybeans Bounce after Lower Crop Ratings, Corn Flat
Cattle bounce as cash ideas turn higher, hogs see profit taking in all but the August contract. Soybeans bounce after lower crop ratings, corn flat. Brad Kooima, Kooima Kooima Varilek has more.
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Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
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