Grains End Mixed and Off Session Lows but is the Fund Selling Done? Cattle Make Contract Highs Again

Grains end mixed and off lows after the early fund selloff on macroeconomic concerns, weather. Is the selling over? Cattle make more contract highs, while hogs see short covering. Oliver Sloup, Blue Line Futures.

Grains ended mixed and off lows after the early fund selloff due to macroeconomic concerns and weather. Is the selling over? Cattle make more new contract highs, while hogs extend gains on end of month short covering. Oliver Sloup, Blue Line Futures wraps up the day.

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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.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
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