Corn and beans end higher with technical buying on light holiday volume, exports. Wheat see technical selling with rain in the forecast. Livestock were 2-sided with cattle consolidating on higher corn, while hogs were higher on fund buying with strong exports. Michelle Rook is with Bryan Doherty of Total Farm Marketing.
Funds Buy Corn & Beans, Sell Wheat with Light Holiday Volume: Cattle Consolidate with Higher Corn, Milk Lower
Corn & beans up on holiday technical buying, wheat sees technical selling with rain chances. Milk lower w/ record COVID cases in China, cattle consolidate. Michelle Rook w/ Bryan Doherty of Total Farm Marketing.
November 25, 2022 01:13 PM
Related Stories
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.
Read Next
Applying a keen sense of business and creating non-farm assets, Tim Nuss unlocks a flywheel effect to propel the Nuss Farms forward.
