Grains turn lower despite lower crop ratings with technical or fund selling, seasonal weakness, more favorable weather and the higher dollar. Cattle bounce after holding chart support yesterday and with product values sharply higher, hogs reverse after new highs for the move. Ted Seifried, Zaner Ag Hedge has details.
Grains Turn Lower with Technical Selling, Seasonal Weakness and a Higher Dollar: Cattle Bounce with Higher Product Values, Hogs Retreat
Grains turn lower on technical selling, better weather and a higher dollar. Cattle bounce after holding chart support, and w/product values sharply higher, hogs reverse. Ted Seifried, Zaner Ag Hedge has details.
August 01, 2023 11:47 AM
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Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
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