Corn and soybeans lower with fund selling on poor exports and removing Brazil weather premium, wheat was higher on short covering. Cattle set back with softer cash, while hogs bounced as the LHI is bottoming. Darren Frye, Water Street Solutions, has more.
Corn and Beans Slide into New Lows, Cattle Consolidate, but Wheat and Hogs Bounce
Corn and soybeans lower on fund selling w/poor exports & removing Brazil wx premium, wheat up on short covering. Cattle set back with softer cash, while hogs bounced. Darren Frye, Water Street Solutions, has more.
January 05, 2024 02:52 PM
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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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