Commodity Wide Technical Selling Has Most Markets Lower: New Lows in Corn, Wheat and Hogs

Commodity wide technical selling has most markets in the red. Corn and wheat are making new lows as well as hogs. Cattle are trading below the May chart breakout. Kent Beadle, Paradigm Futures, has analysis.

Commodity wide technical selling has most markets in the red. Corn and wheat are making new lows as well as hogs. Cattle are trading below the May chart breakout areas. Kent Beadle, Paradigm Futures, has analysis.

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Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
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.
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