Grains see light selling with a slight improvement in weather, profit taking and hedge selling after getting above key resistance. Cattle consolidate awaiting cash, hogs gap higher with higher cash and anticipating evidence of liquidation in the hogs and pigs report. Randy Martinson, Martinson Ag has details.
Grains See Profit Taking, Hedge Selling, Slightly Better Rain Chances: Cattle Consolidate, Hogs Follow Cash Higher
Grains see light selling with a slight improvement in weather, profit taking and hedge selling after breaking resistance. Cattle consolidate, hogs gap higher pushed by cash. Randy Martinson, Martinson Ag has details.
June 20, 2023 11:37 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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