Corn and wheat lower with technical selling, slow demand and easing global supply issues. Soybeans bounce off support with better export news and higher meal. Cattle trying to recover awaiting cash, while hogs see more profit taking and topping action. Vince Boddicker, Farmers Trading Company, has details.
Corn and Wheat Lower with Fund Selling, Slow Exports, While Soybeans Recover with Meal: Cattle Bounce off Support, Hogs Topping
Corn & wheat down on fund selling, slow demand. Soybeans bounce with better export news, higher meal. Cattle trying to recover awaiting cash, hogs topping. Vince Boddicker, Farmers Trading Company, has details.
Related Stories
Scott Varilek with Kooima Kooima Varilek says the live cattle futures made new lows for the move Thursday before finding support and putting in key reversals.
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
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