More Technical Selling in Grains on Macro Fears: Cattle and Hogs See Oversold Technical Bounce

Grains see more technical selling on macroeconomic fears as soybeans fade 4.6 mb of China biz. Cattle and hogs oversold and try to consolidate. Mike Minor, Professional Ag Marketing has more.

Grains see technical selling continue on macroeconomic fears as corn takes out chart support and soybeans fade 4.6 mb of China biz. Cattle and hogs oversold and are trying to consolidate but can they stage a bigger recovery? Mike Minor, Professional Ag Marketing has more.

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Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
Sam Hudson of Cornbelt Marketing says soybeans bounced as harvest pressure is subsiding and that should allow a bottom to be forged, especially with China buying.
Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
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