Grains Lower on Technical Selling, Profit Taking: Hogs Fall with Cash and Cattle See Corrective Bounce with Lower Corn

Grains all lower on more profit taking, technical and farmer selling after the year-end rally. Cattle see a corrective bounce with the drop in corn, while hogs fall with cash. DuWayne Bosse of Bolt Marketing.

Grains all lower at midday with more profit taking, technical selling and farmer selling after the year end rally, lower crude oil is also negative. Cattle higher with the drop in corn, while hogs continue to fall looking for a cash bottom. DuWayne Bosse of Bolt Marketing has more.

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Brian Grete with Commstock Investments says, “We’ve seen China come in and be a fairly active buyer over the past several weeks here of new crop U.S. soybeans. There was more talk of that on Friday. And so that gave us some price support.”
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