Grains bounce on technical buying with Thursday’s selloff overdone and outside and energy markets rebounding. So, will diesel fuel retest the 2022 highs? Plus, cattle recover with cash steady to $1 but how long will funds defend their long position? Darin Newsom, Sr. Market Analyst with Barchart shares insights.
Grains See Technical Bounce as Outside and Energy Markets Recover: Cattle Rebound on Steady to Higher Cash
Grains bounce on technical buying with Thursday’s selloff overdone and outside and energy markets rebounding. Plus, cattle recover with cash steady to $1. Darin Newsom, Sr. Market Analyst with Barchart shares insights.
September 22, 2023 09:27 AM
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Corn and soybeans were lower on Thursday seeing further consolidation after hitting chart resistance and with the WASDE on Friday.
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