Another mostly lower day with fund liquidation in the grains. How much lower will grain prices go? Feeders make contract highs on the lower corn, but live cattle fade the Cattle of Feed. Hogs were also lower seeing consolidation. Kevin Duling of KD Investors has details.
Ag Markets End Mostly Lower on Fund Selling: How Much Lower Will Grains Go and Why Did Live Cattle Fade the COF?
Another mostly lower day with fund liquidation in the grains. How much lower will prices go? Live cattle see profit taking, fade the COF. Hogs also consolidated. Kevin Duling of KD Investors has details.
Related Stories
Chip Nellinger of Blue Reef Agri-Marketing says the soybean complex saw technical selling with funds still holding a sizable long in soybeans and meal.
Joe Kooima of Kooima Kooima Varilek says the bounce in cattle isn’t unexpected as Friday’s selloff may have been overdone and with the financial markets seeing a recovery.
The grain markets saw an ugly October with huge losses on fund selling. Brian Grete with CommStock Investments says he’s not sure if the fund selling is done.
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