Funds continue to sell in grains with risk off from outside markets, fast planting, rain chances for HRW areas and Brazilian competition. Cattle continue to consolidate but cash is key and hogs are giving up early gains as the cash market needs to bottom to get funds to continue to cover their short position. John Heinberg of Total Farm Marketing has more.
Funds Sell in Grains on Risk Off, Planting Pace, Weather and Brazil Competition: Cattle Consolidate Awaiting Cash
Funds continue to sell in grains with risk off from outside markets, fast planting, rain for HRW areas & Brazil competition. Cattle consolidate but cash is key. John Heinberg, Total Farm Marketing.
April 25, 2023 11:28 AM
Related Stories
Mike Castle of StoneX says corn and soybeans added some war premium on Friday but are trading under recent highs. What could trigger a rally to retest those prices?
Scott Varilek with Kooima Kooima Varilek says the pressure came from fund long liquidation and was continuing on Friday with significant chart damage done.
Jon Scheve with Scheve Grain says the grain markets are looking for bullish news and without China purchases soon have the grain markets put highs in?
Read Next
Agronomists explain why nitrogen must be present in the root zone well before the crop’s daily demand peaks.
