Funds sell in corn and wheat with poor exports, soybeans rebound following meal with a lower Argentina estimate, but are we also seeing report positioning? Cattle rebound despite lower cash, while hogs fail possibly on the Prop 12 decision. Darin Newsom with Barchart has more.
Funds Sell in Corn and Wheat, Soybeans Bounce Following Meal: Cattle Higher Despite a Soft Cash, Hogs Fail on Prop 12 News
Funds sell in corn & wheat on poor exports, soybeans bounce with meal & a cut in Argentina, but is this also report positioning? Cattle rebound despite lower cash, hogs fail on Prop 12 news? Darin Newsom, Barchart.
May 11, 2023 11:30 AM
Related Stories
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?
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
