Markets Mostly Lower on Fund Liquidation, Economic and China COVID Concerns

Grains open mostly lower with more fund liquidation, economic and China COVID concerns, will chart support areas hold? Cattle see profit taking and hogs more technical selling. Rich Nelson of Allendale has details.

Grains open mostly lower except wheat, with more fund liquidation, economic and COVID concerns in China, will chart support areas hold? Cattle see profit taking and hogs more technical selling with China demand concerns and lower cash. Rich Nelson of Allendale has details.

AgWeb-Logo crop
Related Stories
Allison Thompson with The Money Farm says the failure was likely position squaring heading into the three day holiday plus markets ran into chart resistance and saw some profit taking.
Scott Varilek with Kooima Kooima Varilek says cattle futures were struggling early Thursday with lower cash as the packers are trying to break the market with their own inventory.
Darren Frye with Water Street Solutions says the follow through buying was very important to show the higher close on Tuesday was not a head fake.
Read Next
Virginia’s Mainland Farm is considered America’s oldest continuously farmed land, cultivated since the early 1600s. Today it still produces crops while preserving 400+ years of agricultural and Revolutionary War history.
Get News Daily
Get Market Alerts
Get News & Markets App