Massive Fund Buying With Full-Blown Weather Rally in Grains but How High Will Prices Go? Cattle Bounce Despite Weaker Cash and Higher Corn

Grains see massive fund buying in a bull blown weather market. How high will price go? Cattle recover despite weaker cash and higher corn, while hogs reverse. Darin Newsom, Barchart.

By Michelle Rook

•

June 16, 2023 12:27 PM

Grains see massive fund buying in a bull blown weather market and take out major resistance on the charts in the process. How high will price go? Cattle recover despite weaker cash and higher corn, while hogs reverse on profit taking. Darin Newsom, Barchart Sr. Market Analyst covers it all!

Markets Today Video

Related Stories

Market Analysis

Why Grains Could Not Extend Thursday’s Rally

DuWayne Bosse of Bolt Marketing says the trade action Friday was disappointing in corn and soybeans after key reversals on Thursday.

June 26, 2026 05:41 PM

Michelle Rook

Market Analysis

Cattle Futures Ease but Cash Feeders on Fire: Hogs Up on Friendly Report

Scott Varilek with Kooima Kooima Varilek says cattle futures were seeing some profit taking early Friday as they are overbought. However, futures haven’t stayed down long with the strength in the cash market.

June 26, 2026 11:31 AM

Michelle Rook

Market Analysis

Grains Rally and Score Outside Reversals: What Drove the Surprise Rally?

Don Roose of U.S. Commodities says talk of China buying U.S. corn and soybeans helped spur the rally, but it was a combination of factors.

June 25, 2026 07:46 PM

Michelle Rook

Read Next

Weather

Farmers Might As Well Ditch Their Long-Range Weather Forecasts

With summer patterns running four weeks behind schedule, meteorologist Don Day urges growers to plan in short windows for the second half of the growing season.

June 26, 2026 03:28 PM

Rhonda Brooks