Grains continue to see pressure on more favorable weather, technical selling after hitting resistance and wheat struggles following corn and beans and as EU prices tumble. Cattle continue to correct ahead of cash and with spread unwinding with hogs. Allison Thompson of The Money Farm has more.
Grains Lower on Technical Selling, Weather: Cattle Continue to Correct
Grains see pressure on weather, technical selling after hitting resistance and wheat struggles as EU prices tumble. Cattle continue to correct, with spread unwinding with hogs. Allison Thompson, The Money Farm.
June 14, 2023 11:28 AM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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