Grains end mostly lower on technical selling and weather, what will it take to retest Tuesday’s highs? The Fed takes a pause but indicates more rate hikes coming. And profit taking and spreading continued in cattle and hogs. Chuck Shelby, Risk Management Commodities has details.
Grains Lean Lower on Technical Selling, Weather, Fed Move: Cattle and Hogs See More Profit Taking
Grains lean lower on technical selling & weather, what will it take to retest Tuesday’s highs? The Fed pauses, says more hikes coming. And profit taking in cattle and hogs. Chuck Shelby, Risk Management Commodities.
June 14, 2023 02:26 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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