Grains close mostly lower with profit taking after the big rally Monday, but markets have an eye on weather and Black Sea developments. Cattle consolidate in a healthy correction, hogs pushed by strong cash and cutouts but are into chart resistance. Garrett Toay, AgTraderTalk has details.
Grains Take a Pause on Profit Taking: Cattle Continue to Consolidate, Hogs Near Recent Highs Pushed by Cash and Cutouts
Grains close mostly lower with profit taking but eye on weather and Black Sea news. Cattle consolidate in a healthy correction, hogs pushed by strong cash and cutouts. Garrett Toay, AgTraderTalk has details.
July 25, 2023 03:14 PM
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DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.
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Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.
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