Lower except soybeans as risk off in outside markets triggers more fund selling. Plus, better planting weather and rain chances for HRW areas leads to new contract lows in all three classes of wheat. Risk off consolidation in cattle and hogs, watching cash and China’s disappointing PMI number dampened pork export ideas. DuWayne Bosse of Bolt Marketing has more.
Mostly Lower Except Soybeans with Risk Off Fund Selling, Bearish Weather: Profit Taking in Livestock
Lower except soybeans as risk off in outside markets triggers more fund selling. Plus, better planting weather, rain chances for HRW areas. Consolidation in cattle & hogs, watching cash. DuWayne Bosse, Bolt Marketing.
May 01, 2023 02:41 PM
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Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
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