Grains setting back on profit taking, fund selling and rain chances in Brazil. Cattle see 2-sided trade with funds not done selling. The DOW hits news highs for the year. Darin Newsom, Barchart, has details.
Grains Lower on Profit Taking and Brazil Rain Chances: Cattle 2-Sided While DOW Makes Yearly High
Grains setting back on profit taking, fund selling and rain chances in Brazil. Cattle bounce, while the DOW hits news highs for the year. Darin Newsom, Barchart, has details.
December 01, 2023 09:09 AM
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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.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
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