Grain and livestock futures close mostly lower on technical selling ahead of the Fed announcement, except old crop corn with more China sales. Soybeans closed below the 200-day moving average, so will that trigger more selling pressure? Are livestock close to bottoming? Don Roose with U.S. Commodities has the answers.
Markets Mostly Lower Ahead of Fed 0.25% Move; Soybeans Close Below 200-Day Moving Average
Markets were mostly lower on Wednesday, except old crop corn, on technical selling ahead of the Fed’s 0.25% hike. Can the markets now start trading fundamentals? Don Roose with U.S. Commodities has the answers.
March 22, 2023 02:40 PM
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