Grains lower on technical selling with a risk off day and after taking out major chart support, weather is also bearish. Cattle see more profit taking ahead of the COF, with short covering in hogs. Kent Beadle, Paradigm Futures.
Grains See More Fund Selling, Taking Out Major Support on Risk Off and Weather: Profit Taking in Cattle and Hogs
Grains down on technical selling w/a risk off day, after taking out major chart support, weather is also bearish. Cattle see profit taking awaiting COF, with short covering in hogs. Kent Beadle, Paradigm Futures.
April 21, 2023 11:39 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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