Grain markets end lower as profit taking sets in with weather, outside markets and export demand still factors. Yet grains still rangebound. Livestock also consolidate as cattle wait for cash direction. Cash cattle trade developing after the close at $254 in the north, up $4. Chuck Shelby with Risk Management Commodities has more.
Profit Taking Hits Grains, Yet Still Rangebound: Livestock Also Consolidate with Higher Cash Cattle After the Close
Grains end lower as profit taking sets in with weather, CO and exports factors. Yet grains still rangebound. Livestock consolidate as cattle await cash. Chuck Shelby with Risk Management Commodities has more.
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The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
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