Grains are seeing speculative selling and profit taking after hitting chart resistance and with fast planting pace. Soybeans are the downside leader with soybean oil hitting 2-year lows. Cattle are pricing in steady cash, with funds buying in hogs on firmer cash. Kent Beadle of Paradigm Futures has details.
Grains See Spec Selling and Profit Taking with 2-Year Low in Bean Oil: Livestock Supported by Cash
Grains see spec selling and profit taking, with fast planting pace. Soybeans hit by bean oil at 2-year lows. Cattle pricing in steady cash, with funds buying in hogs on firmer cash. Kent Beadle, Paradigm Futures.
May 16, 2023 11:40 AM
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