Aggressive Farm Selling Capping Grain Rallies — Market Talk
Bullish strength: 35/100
- Soybean futures rose 0.3% in afternoon trading.
- Wheat futures rose 0.3% in afternoon trading.
Bearish strength: 65/100
- Aggressive farmer selling is capping rallies in corn, soybeans and wheat.
- Corn futures fell 0.8% in afternoon trading.
- Higher interest rates, volatile futures and rising transportation costs are increasing inventory financing needs.
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