Grains mostly lower on profit taking after corn, beans and meal hit chart resistance. Plus, there’s rain chances in Brazil and spillover from bearish outside markets like crude oil and the dollar. Cattle up for the third day but can it last into the COF? Darin Newsom, Barchart, has details.
Grains Lower on Profit Taking, Bearish Outside Markets Including Crude Oil: Cattle See Third Day Up
Grains lower on profit taking after hitting chart resistance, plus bearish outside markets like crude oil and the dollar. Cattle up for the third day but can it last into the COF? Darin Newsom, Barchart, has details.
November 15, 2023 11:28 AM
Related Stories
Chip Nellinger, Blue Reef AgriMarketing says corn saw pressure from weather and lack of bullish news in the WASDE.
John Heinberg with Total Farm Marketing says fund selling eased on Tuesday as traders gear up for the WASDE on Thursday
Dave Chatterton with Strategic Farm Marketing says funds have sold and liquidated hard the last three weeks in the corn market and while they took their foot off the gas on Monday he doesn’t think the selling is done.
Read Next
Understand the growth stage cut-offs to keep your post weed-control practices on-label and effective.
