Corn had an ugly technical day removing weather premium, but is it warranted? Soybeans bounced led by July ahead of first notice day and the quarterly stocks report. Wheat is following corn and seeing poor demand. Cattle bounced with lower corn and fund buying, hogs mixed pre-report. Rich Nelson of Allendale.
Grains End Mixed Trading Weather, Reports, End of Quarter: Cattle Supported by Lower Corn, Hogs Mixed Pre-Report
Corn had an ugly technical day removing weather premium. Soybeans bounced led by July ahead of the report. Wheat follows corn. Cattle bounced with lower corn, fund buying, hogs mixed pre-report. Rich Nelson, Allendale.
June 29, 2023 02:35 PM
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Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
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