Corn and soybeans lower with technical selling and report positioning, despite fresh export business. Wheat sees technical bounce watching news on export deal. Livestock consolidate after a higher day Monday. @michellerookag @NollFamilyFarm
Corn and Soybeans See Technical Selling, Report Positioning, Despite Export Biz: Profit Taking in Livestock
Corn a& beans lower with technical selling, report positioning, despite fresh export biz. Wheat sees technical bounce watching news on export deal. Livestock see profit taking. @michellerookag @NollFamilyFarm
November 08, 2022 08:52 AM
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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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