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Grains fade early strength running into chart resistance and seeing some profit taking. Is this topping action or volatility in a weather market? And what do the funds need to continue buying? NOPA crush was disappointing and the Wheat Quaility Tour is seeing better yields than a year ago, which also sparked some selling. Cattle close mostly higher as the S&P makes new highs and boxed beef soars. Dave Chatterton, Strategic Farm Marketing, has analysis.
See omnystudio.com/listener for privacy information.
By Michelle RookGrains fade early strength running into chart resistance and seeing some profit taking. Is this topping action or volatility in a weather market? And what do the funds need to continue buying? NOPA crush was disappointing and the Wheat Quaility Tour is seeing better yields than a year ago, which also sparked some selling. Cattle close mostly higher as the S&P makes new highs and boxed beef soars. Dave Chatterton, Strategic Farm Marketing, has analysis.
See omnystudio.com/listener for privacy information.

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