Grains mixed and in holiday mode. Early gains in soybeans on 21.4 mb export biz, but Brazil rain chances cap rally. SAF decision fails to excite corn, while wheat is higher on technical buying. Livestock 2-sided with sloppy cash but cattle could post a higher weekly close. DuWayne Bosse, Bolt Marketing, has more.
Grains Mixed in Holiday Mode, Despite Big Soybean Export Sale, SAF Decision: Livestock 2-Sided
Grains mixed in holiday mode. Early gains in beans on export biz, but Brazil rain chances cap rally. Corn follows, wheat is higher. Cattle and hogs 2-sided. DuWayne Bosse, Bolt Marketing, has more.
December 15, 2023 09:29 AM
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DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
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