Thursday was a lower day in the grains, but soybeans took the biggest hit with the implosion in soybean oil after disappointment in the RFS volumes from EPA. Disappointing exports also added to the technical selling. John Payne of Hedge Point Global Markets has details.
AgDay TV Markets Now: John Payne Talks About Thursday’s Selloff in Grains and Implosion in Bean Oil
Grains lower, with soybeans hit hard following an implosion in soybean oil after EPA released the RFS volumes. Slow exports added to the technical selling. John Payne of Hedge Point Global Markets has details.
December 01, 2022 04:44 PM
Related Stories
Dave Chatterton with Strategic Farm Marketing says funds have sold and liquidated hard the last three weeks in the corn market and while they took their foot off the gas on Monday he doesn’t think the selling is done.
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Read Next
Applying a keen sense of business and creating non-farm assets, Tim Nuss unlocks a flywheel effect to propel the Nuss Farms forward.
