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Grains ease Tuesday as the markets hit technical resistance on the charts and were due for a correction. Are the funds done covering shorts? Arlan Suderman with StoneX says they might be as weather concerns have been priced in. Plus the rally was met with farmer selling in the U.S. and South America. The market also took a pause ahead of a potentially bearish WASDE Report. Cattle recover with a void of new bird flu headlines and with strong cash and cutouts.
See omnystudio.com/listener for privacy information.
By Michelle RookGrains ease Tuesday as the markets hit technical resistance on the charts and were due for a correction. Are the funds done covering shorts? Arlan Suderman with StoneX says they might be as weather concerns have been priced in. Plus the rally was met with farmer selling in the U.S. and South America. The market also took a pause ahead of a potentially bearish WASDE Report. Cattle recover with a void of new bird flu headlines and with strong cash and cutouts.
See omnystudio.com/listener for privacy information.

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