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
Related Stories
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
Scott Varilek with Kooima Kooima Varilek says the cattle futures rally out of the report was disappointing and did not last long indicating a possible exhaustion on the charts.
Shawn Hackett of Hackett Financial Advisors says with wheat falling nearly $2 off the Sept. 2 contract highs, it isn’t a surprise that China and other buyers would see it as an opportunity to buy.
Read Next
With the lame-duck session looming, lawmakers scramble to mend a divided Ag Committee over SNAP funding as insiders predict another extension.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
