A better-than-expected CPI number pulled money into financial markets and out of most commodities, despite the sharply lower dollar. Poor exports added pressure. Michelle Rook talks with DuWayne Bosse of Bolt Marketing.
Commodities Mostly Lower Except Cattle with Better Than Expected CPI and Money Flowing into Financial Markets
A better-than-expected CPI number pulled money into financial markets and out of most commodities, despite the sharply lower dollar. Poor exports added pressure. Michelle Rook w/ DuWayne Bosse, Bolt Marketing.
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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.
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