Soybeans see light corrective buying but is the Brazil weather story done? Corn hits new contract lows and tries to bounce, wheat sees more technical selling with a higher dollar. Cattle see profit taking with lower boxed beef, hogs make more contract lows. Mark Schultz, Northstar Commodity, has more.
Soybeans Bounce, Corn Tries After Contract Lows: Livestock in the Red
Soybeans see light corrective buying, while corn hits new contract lows and tries to follow. Cattle see profit taking with lower boxed beef, hogs make more contract lows. Mark Schultz, Northstar Commodity, has more.
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Despite higher weekly closes last week corn futures were lower Monday morning testing support.
Mark Schultz of Northstar Commodity says grain markets also saw some position squaring by traders heading into a three-day weekend as the markets are closed on Friday for Juneteenth.
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