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