Livestock sided early, now consolidating with caution ahead of the Fed announcement and with lower product values. Wheat is lower with moisture in drought areas which is pulling down corn, along with technical selling. Soybeans rebounded with higher products and Argentina weather concerns. Jeff Hoogendoorn of Professional Ag Marketing has details.
Livestock Consolidate Ahead of Fed Announcement: Technical Selling and Moisture Hit Wheat and Corn
Livestock consolidate with caution ahead of the Fed announcement. Technical selling and moisture is pressuring both wheat and corn. Soybeans rebound with products. Jeff Hoogendoorn, Professional Ag Marketing.
December 14, 2022 11:34 AM
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