Grains all lower with corn making new contract lows on technical selling and lack of positive news, soybeans still eye Brazil rain chances. Cattle sees fund buying with lower corn but is into chart resistance, hogs wait for cash to bottom. Garrett Toay, AgTraderTalk, has analysis.
Corn Hits New Contract Lows, Soybeans, Wheat and Hogs Also Slide Lower: Cattle Bounce
Grains lower on technical selling with the lack of positive news. Corn scores new contract lows, soybeans still eye Brazil rain chances. Cattle sees fund buying with lower corn. Garrett Toay, AgTraderTalk, has more.
December 20, 2023 02:14 PM
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Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
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