Grains lower ignoring lower crop ratings as funds take profits with forecasted rains, EOQ and going into USDA reports. Cattle surge on lower corn, while hogs are mixed but may be close to a top. Chuck Shelby, Risk Management Commodities has more.
Grains Lower on Forecasted Rains, Profit Taking EOQ and Pre-Report: Cattle Surge on Lower Corn
Grains lower ignoring lower crop ratings as funds take profits on forecasted rains, EOQ and pre-USDA reports. Cattle surge on lower corn, hogs are mixed but may be topping. Chuck Shelby, Risk Management Commodities.
June 27, 2023 11:43 AM
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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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