Grains are oversold and bounce on corrective buying with new money and a new month. Live cattle see some consolidation with steady cash in the south, lower in the north and hogs also set back with the lower index. Scott Varilek, Kooima Kooima Varilek has more.
Grains Bounce on Corrective Buying: Cattle and Hogs See Pressure with Higher Grains and Steady to Lower Cash
Grains are oversold and bounce on corrective buying. Cattle consolidate with steady cash in the south, lower in the north and hogs also set back with the lower index. Scott Varilek, Kooima Kooima Varilek has more.
September 01, 2023 09:13 AM
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.
