Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but can the momentum continue? Michelle Rook w/Oliver Sloup of Blue Line Futures.
Corn, Soybeans and Cattle Finish Higher: Funds Sell Wheat and Hogs
Grains end mixed with funds covering shorts in corn and beans but selling in wheat. Cattle futures supported by higher cash but will it continue? Hogs lower. Michelle Rook w/Oliver Sloup of Blue Line Futures.
November 18, 2022 02:08 PM
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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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