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.

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Jim McCormick of AgMarket.Net says the grain market has taken out premium tied to weather, war and China.
Scott Varilek with Kooima Kooima Varilek says the cattle market saw some pre-weekend positioning and was also trading news that a JBS beef slaughter plant in Pennsylvania was closing.
Chip Nellinger, Blue Reef AgriMarketing says corn saw pressure from weather and lack of bullish news in the WASDE.
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