Funds accelerate selling in the grains and hogs early with no bullish news but are trying to find some support. Cattle supported by lower corn and higher cash ideas. Chip Nellinger with Blue Reef Agri-Marketing has details.
Funds Sell in Grains Early, But Corn and Beans Try to Find Support: Cattle Strong with Lower Corn and Higher Cash Ideas
Funds accelerate selling in grains and hogs early with no bullish news but are trying to find support. Cattle stronger w/lower corn and higher cash ideas. Chip Nellinger with Blue Reef Agri-Marketing.
May 18, 2023 11:52 AM
Related Stories
DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
Read Next
With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.
