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.
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.
May 31, 2023 02:14 PM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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