Row crop futures lower on profit taking and weather initially but now seeing some risk off selling and that is pulling wheat down. That has also eroded early strength in cattle and hogs. Chuck Shelby with Risk Management Commodities has more.
Corn and Beans Down on Profit Taking, Weather to Start but Risk Off in Outside Markets Now Pulling Most Commodities Lower
Corn and beans lower on profit taking & weather initially but seeing risk off selling and that’s pulling wheat down. That has also eroded early gains in livestock. Chuck Shelby, Risk Management Commodities.
April 05, 2023 09:40 AM
Related Stories
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.
Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
