Corn and soybeans lower on profit taking and better than expected crop ratings, with new contract lows in wheat. Livestock rebound after a mostly lower opening putting in some weather premium and with fund buying. Randy Martinson, Martinson Ag has details.
Corn and Soybeans Lower on Profit Taking, Crop Ratings with Contract Lows in Wheat: Livestock Rebound
Corn and beans lower on profit taking and better than expected crop ratings. Livestock rebound after a lower opening putting in weather premium and with fund buying. Randy Martinson, Martinson Ag has details.
August 29, 2023 11:29 AM
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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?
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