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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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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