Grains see profit taking with a slight change in the weather and a quieter Black Sea news day, but markets may have enough risk premium for now. Cattle continue to correct technically despite bullish fundamentals. Hogs pushed by cash and product but will August take out resistance on the charts? Jeff Hoogendoorn, Professional Ag Marketing covers it all.
Grains See Profit Taking Awaiting War and Weather Changes: Cattle Consolidate Despite Bullish Fundamentals, Hogs Pushed by Cash, Cutout
Grains see profit taking & may have enough risk premium for now. Cattle continue to correct technically despite bullish fundamentals. Hogs pushed by cash, product. Jeff Hoogendoorn, Professional Ag Marketing has more.
July 25, 2023 11:37 AM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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