After two up days funds use strength in the cattle to sell so there’s no confirmation of a bottom yet. Hogs slide with lower cash. Corn follows wheat higher, with soybeans seeing some profit taking. Brad Kooima, Kooima Kooima Varilek has more.
Funds Return as Sellers in Cattle and Hogs: Corn Follows Wheat Higher, Soybeans Ease
After two up days funds use strength in the cattle to sell. Hogs slide with lower cash. Corn follows wheat higher, with soybeans seeing some profit taking. Brad Kooima, Kooima Kooima Varilek has more.
December 12, 2023 09:12 AM
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Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
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Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
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