After two up days funds use strength in the cattle to sell so there’s no confirmation of a bottom yet. Hogs slide with lower cash. Corn follows wheat higher, with soybeans seeing some profit taking. Brad Kooima, Kooima Kooima Varilek has more.
Funds Return as Sellers in Cattle and Hogs: Corn Follows Wheat Higher, Soybeans Ease
After two up days funds use strength in the cattle to sell. Hogs slide with lower cash. Corn follows wheat higher, with soybeans seeing some profit taking. Brad Kooima, Kooima Kooima Varilek has more.
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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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