Grains lower still removing weather & war premium, ignoring the 4.85 mb new crop beans to China. Corn and soybeans are testing chart support. Live cattle lower with sloppy and limited cash, hogs consolidating. Kent Beadle, Paradigm Futures has more.
Grains Lower Removing More Weather and War Premium, Despite China Soybean Sales: Live Cattle Lower with Limited and Sloppy Cash
Grains lower still removing weather & war premium, ignoring the 4.85 mb new crop beans to China. Live cattle lower with sloppy and limited cash, hogs consolidating. Kent Beadle, Paradigm Futures has more.
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Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.
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Sam Hudson of Corn Belt Marketing says funds sold the early bounce in grain markets with no bullish story.
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