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.
March 21, 2023 02:06 PM
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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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