Grains mixed but trying to bounce after an ugly sell off in corn and wheat this week. Can soybeans hold $15? Cattle see more profit taking with steady cash, hogs see short covering. Bryan Doherty of Total Farm Marketing has details.
Grain Mixed but Trying to Bounce After Fund Sell Off: Cattle See More Profit Taking, Short Covering in Hogs
Grains mixed but try to bounce after fund sell off in corn and wheat this week. Can soybeans hold $15? Cattle see more profit taking w/steady cash, short covering in hogs. Bryan Doherty, Total Farm Marketing.
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Joe Kooima of Kooima Kooima Varilek says the bounce in cattle isn’t unexpected as Friday’s selloff may have been overdone and with the financial markets seeing a recovery.
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
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