Grains set back on better rains chances in the forecast and after hitting major chart resistance Tuesday. Is the rally justified? Cattle consolidate awaiting cash but will it keep correcting? Hogs are up but how much more upside is left? Matt Bennett of AgMarket.Net tackles all those questions.
Matt Bennett Says Grains Fall on Improved Forecast and After Hitting Major Chart Resistance: Cattle Consolidate, While Hogs Rally
Grains set back on better rains chances in the forecast and after hitting resistance. Will cattle markets keep correcting? Hogs are up but how much more upside is left? Matt Bennett, AgMarket.Net has details.
June 14, 2023 09:19 AM
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Grain markets crashed on Thursday with profit taking and fund liquidation tied to disappointment over the lack of agricultural purchase agreements during day one of the U.S. China summit.
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