Grains continue to see fund selling with a bearish macro-economic climate. Soybeans and wheat making new lows for the move, but where do we find support? Live cattle see end of month profit taking, with short covering in hogs. Dave Chatterton of Strategic Farm Marketing has analysis.
More Fund Selling in Grains with Bearish Macro Economic Picture: End of Month Profit Taking in Cattle and Hogs
Grains see more fund selling with a bearish macro-economic picture, where do we find support? Live cattle hit by end of month profit taking, with short covering in hogs. Dave Chatterton, Strategic Farm Marketing.
May 31, 2023 09:04 AM
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Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
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