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Mike Zuzulo, Global Commodity Analytics, says corn and wheat set back on profit taking. Soybeans start lower but rebound with export business to China and unknown destinations and some concerns about dryness in Brazil impacting planting. Cattle futures have a tough technical day taking out key support but lower cash at $181 in the South also hit futures. He says lean hogs followed cattle but also saw some profit taking with China economic concerns weighing on the market.
See omnystudio.com/listener for privacy information.
By Michelle RookMike Zuzulo, Global Commodity Analytics, says corn and wheat set back on profit taking. Soybeans start lower but rebound with export business to China and unknown destinations and some concerns about dryness in Brazil impacting planting. Cattle futures have a tough technical day taking out key support but lower cash at $181 in the South also hit futures. He says lean hogs followed cattle but also saw some profit taking with China economic concerns weighing on the market.
See omnystudio.com/listener for privacy information.

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