Grains continue to see fund liquidation and technical selling with wheat the anchor with improved weather in HRW areas. Cattle faded the COF initially but have rebounded with strong fundamentals. Hogs back lower. Kent Beadle of Paradigm Futures has analysis.
Fund Selling Continues Midday in Grains, Moisture Weighs on Wheat: Cattle Rebound After Fading COF, Hogs Back Lower
Grains see more fund selling, improved weather weighs on wheat. Cattle faded the COF initially but have rebounded with strong fundamentals. Hogs back lower. Kent Beadle, Paradigm Futures has more.
February 27, 2023 11:29 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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