Grains end lower as funds sell removing weather premium. Corn and soybeans do chart damage and have lower weekly closes. Wheat ends higher for the week still holding some war premium. Cattle supported by lower corn and feedlots holding out for higher cash, but post lower weekly closes. While the cash index keeps pulling along hog futures and August has a chart breakout. John Heinberg, Total Farm Marketing has analysis.
Grains Lower Friday Removing Weather Premium, Row Crops do Technical Damage: That Supports Livestock
Grains lower as funds sell removing weather premium, row crops do chart damage. Cattle supported by lower corn, higher cash bids. The LHI keeps pulling along hog futures. John Heinberg, Total Farm Marketing has more.
July 28, 2023 02:38 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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