Corn & wheat remove war premium with Russia extending participation in the export deal, soybeans held up by soybean oil. Live cattle continue to consolidate ahead of the Fed decision, with hogs following lower cash. Michelle Rook has analysis with Chip Nellinger of Blue Reef Agri-Marketing.
Corn, Wheat Lower After Russia Resumes Export Deal, Soybean Firm with Higher BO: Live Cattle Await Fed News, Cash
Corn & wheat lower with Russia extending participation in export deal, soybeans held up by soybean oil. Live cattle consolidate ahead of the Fed decision,. Michelle Rook w/Chip Nellinger Blue Reef Agri-Marketing.
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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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