Grains continue lower with profit taking and hedge selling with improved rain chances, but corn and wheat exports were also poor. Cattle recovering with lower corn , tight supplies and after holding key chart support Thursday, despite lower cash. Market is awaiting the Cattle on Feed Report. Kevin Duling of KD Investors.
Grains See More Profit Taking on Improved Rain Chances, Poor Corn & Wheat Exports: Cattle Supported by Lower Corn Ahead of COF
Grains continue lower with profit taking and hedge selling with better rain chances. Cattle recovering with lower corn but positioning ahead of the Cattle on Feed Report. Kevin Duling of KD Investors has more.
June 23, 2023 11:30 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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