The soybean complex rallies adding Brazil weather premium, while wheat and corn slide on lack of demand. Cattle have confirmed a low but how much recovery is expected? Hogs end mixed but China news may help the market rebound. Shawn Hackett, Hackett Financial Advisors, has insight.
Soybeans Up on Brazil Crop Concerns, Corn and Wheat Slide on Lack of New Export Biz: Cattle Recovery Continues
Soybeans rally adding Brazil weather premium, wheat and corn slide on slow demand. Cattle higher but how much recovery is expected? Hogs mixed. Shawn Hackett, Hackett Financial Advisors, has insight.
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Naomi Blohm with Total Farm Marketing says the technical action is feeling like the market is probing for a low.
Brad Kooima with Kooima Kooima Varilek says the charts look positive but he thinks a healthy correction is in store. He’s also skeptical about USDA’s new cash report.
DuWayne Bosse of Bolt Marketing says the managed money traders have hit the sell button with charts taking out key support and they may not stop until harvest reaches 60% to 70% done.
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