Grains and hogs see more risk off technical selling ahead of the Fed decision, with profit taking in wheat following the Black Sea grain deal extension. May soybeans are still holding the 200 day MA. Cattle rebound but can we stage a recovery rally? Oliver Sloup of Blue Line Futures has analysis.
Grains and Hogs See More Risk Off Selling Ahead of the Fed Decision: Cattle Recover but Will it Last?
Grains, hogs see more risk off technical selling ahead of the Fed decision, profit taking in wheat w/Black Sea grain deal extended. Cattle rebound but can we build on it? Oliver Sloup of Blue Line Futures has more.
Related Stories
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?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.


