Markets end mostly lower with risk off fund selling. Soybeans and wheat also weighed on by weather, fast planting, Brazil prices. Corn held chart support but for how long? Cattle consolidating waiting for cash direction, with hogs failing waiting for a cash bottom. Oliver Sloup, Blue Line Futures has details.
Mostly Lower Closes with Risk Off Fund Selling, Weather, Planting Pace, Brazil Prices Weigh on Grains: Cattle Consolidate Ahead of Cash
Markets end mostly lower with risk off fund selling, weather, fast planting, Brazil prices. Cattle consolidating waiting for cash direction, with hogs failing. Oliver Sloup, Blue Line Futures has details.
April 25, 2023 02:15 PM
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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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