Another day of relentless selling in the grains by the funds, when does it stop and where is chart support in corn and soybeans? Cattle continue to charge higher with more contract highs in feeders, how high will that market go? Ted Seifried of Zaner Ag Hedge has the answers.
Grains See Relentless Fund Selling, Where Do Markets Find Support: Cattle Continue to Charge Higher
Another day of fund selling in the grains when does it end? Cattle continue to charge higher with more contract highs in feeders, how high will that market go? Ted Seifried of Zaner Ag Hedge has the answers.
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Chip Nellinger of Blue Reef Agri-Marketing says the soybean complex saw technical selling with funds still holding a sizable long in soybeans and meal.
Joe Kooima of Kooima Kooima Varilek says the bounce in cattle isn’t unexpected as Friday’s selloff may have been overdone and with the financial markets seeing a recovery.
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
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