Soybeans and products saw massive fund selling making new lows for the move, which pulled down corn after supportive export news. Wheat saw corrective buying. Live cattle had an inside day but disappointed with cash mixed, lower in the south but higher in the north. New contract lows again in hogs. Chip Nellinger with Blue Reef Agri-Marketing breaks it down.
Soybean Complex Has Ugly Day of Fund Selling Pulling Corn Down: Cattle End Mixed as Well as Hogs after New Contract Lows
Soybeans and products saw massive fund selling pulling down corn. Wheat saw corrective buying. Live cattle post an inside day with new contract lows again in hogs. Chip Nellinger, Blue Reef Agri-Marketing has more.
March 23, 2023 02:22 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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