Corn and wheat seeing technical selling, but lower crude oil, harvest pressure in corn and removal of war premium are also factors. Soybeans see a corrective bounce. Cattle try to consolidate after a meltdown yesterday. Hogs slide except Dec. Randy Martinson, Martinson Ag, has more.
Corn and Wheat See Technical Selling, Harvest Pressure, Outside Market Influence: Cattle Try to Consolidate After Meltdown
Corn and wheat seeing technical selling, but outside markets, harvest pressure, removal of war premium also factors. Soybeans see a corrective bounce. Cattle try to consolidate. Randy Martinson, Martinson Ag, has more.
October 24, 2023 12:02 PM
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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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