Grains Fade Post WASDE on Profit Taking, Brazil Weather: Cattle and Hogs Hold Above Contract Lows but For How Long?

Grains fade post-WASDE with only slight revisions on profit taking and Brazil weather. Livestock hold gains above contract lows, but for how long? Matt Bennett, AgMarket.Net has analysis.

Grains fade post-WASDE with only slight revisions on profit taking and Brazil weather. Livestock hold gains above contract lows, but for how long? Matt Bennett, AgMarket.Net has analysis.

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Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
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