Grains mixed, technical selling in corn/wheat and rain in HRW areas. Soybeans see a technical bounce with help from higher soybean meal. Live cattle consolidating after new contract highs with lower trade in hogs. @NollFamilyFarm joins @michellerookag
Corn and Wheat Lower with Technical Selling and Rain in HRW Areas, Technical Bounce in Soybeans: LC Consolidate After Contract Highs
Grains mixed, technical selling in corn/wheat and rain in HRW areas. Soybeans see a technical bounce. Live cattle consolidating after new contract highs, lower in hogs. @NollFamilyFarm joins @michellerookag
October 25, 2022 08:55 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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