New Lows in Corn, Wheat and Hogs on Commodity Wide Selling: Cattle Also See Fund Liquidation

Commodity wide technical selling Monday pushed corn, wheat and hog contacts into new lows. Cattle also saw fund liquidation. But what was the catalyst? Chuck Shelby, Risk Management Commodities, has analysis.

Commodity wide technical selling Monday pushed corn, wheat and hog contacts into new lows. Cattle also saw massive fund liquidation. But what was the catalyst? Chuck Shelby, Risk Management Commodities, has analysis and talks about the next chart support areas.

AgWeb-Logo crop
Related Stories
Wheat futures were up 30 to 35 cents early Wednesday adding risk premium as Russia and Ukraine attacks have escalated says Jamie Gieseke with Paradigm Futures.
Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Kevin Duling with KD Investors says corn and soybeans eased with a 1% improvement in ratings, while the weather is moderating.
Get News Daily
Get Market Alerts
Get News & Markets App