Grains are mostly higher with Mar soybeans above $15 with technical buying and support from SA weather, corn is also strong, but can it take out resistance? Livestock mixed to lower, seeing some end of year profit taking after new highs Tuesday. Jeff Hoogendoorn of Professional Ag Marketing has details.
Grains Mostly Higher Midday, Soybeans Hold Above $15: Livestock Consolidating After New Highs Yesterday
Grains mostly higher with support from SA weather, fund buying. Livestock trading mostly lower, with end of year profit taking after new highs Tuesday. Jeff Hoogendoorn of Professional Ag Marketing has details.
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Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
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