Grains just slightly lower corn holding support at the March lows. Are grains about ready to bottom and put in a spring rally? Cattle markets continue to consolidate and imply lower cash, but how much more downside risk is there? Will hogs ever bottom? Rich Nelson of Allendale covers it all!
Grains Slightly Lower but Are They Close to a Spring Low? Cattle and Hogs Also Pressured with Cash the Key
Grains quietly lower, but are the markets close to a bottom and ready to put in a spring rally? Cattle and hogs are under pressure with cash the key to bottoming. Rich Nelson of Allendale has more.
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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.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
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