Cattle see fund selling resume but is the low really in and did the LRP program contribute to the selloff? Hogs consolidating, while corn and wheat are up with liquidation easing on first notice day and with strong weekly exports. Soybeans drift eyeing extended rain chances in Brazil. Scott Varilek, Kooima Kooima Varilek, has more.
Cattle Retreat, So is the Low Really In? Corn Up as Liquidation Eases on First Notice Day
Cattle see fund selling resume but is the low in? Hogs consolidating, while corn up with liquidation easing on first notice day & with strong weekly exports. Scott Varilek, Kooima Kooima Varilek, has more.
November 30, 2023 09:27 AM
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Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
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