Corn under pressure with rains falling today, while soybeans bounce off retracement ahead of the reports. Cattle bounce after a weaker start on lower corn and light fund buying and despite softer cash. So does the market trade sideways for a while? Hogs consolidate ahead of the report and may have put in a short term top. Scott Varilek of Kooima Kooima Varilek has details.
Corn Falls with Rain, Soybeans Bounce Off Retracement: Cattle Recover with Lower Corn, Hogs Consolidate Pre-Report
Corn lower as rains fall, while soybeans bounce off retracement ahead of reports. Cattle bounce off weak start on lower corn, light fund buying. Hogs consolidate pre-report. Scott Varilek of Kooima Kooima Varilek.
June 29, 2023 11:38 AM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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