Soybeans, meal and corn fall with end of month profit taking, but watching SA weather, China export news and outside markets like crude oil, plus the FOMC meeting. Cattle extend gains and start to fill chart gap areas, plus a 4th up day for hogs. So can livestock continue this momentum? Chip Nellinger, Blue Reef Agri-Marketing has details.
Soybeans, Meal and Corn See Profit Taking, Watching SA Weather, Outside Markets: Livestock Continue to Rally
Soybeans, meal and corn fall on profit taking, watching SA weather, China export news, crude oil. Cattle and hogs extend gains, can they keep going? Chip Nellinger, Blue Reef Agri-Marketing has details.
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Scott Varilek with Kooima Kooima Varilek says the live cattle were overbought after rallying $21 off the lows.
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Mark Schultz of North Star Commodity says the grain markets are oversold and due for a correction.
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