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.

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.

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Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
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