Soybean make new lows for the move with more fund selling, lower products and poor exports. That has pulled down corn and CH wheat. Cattle and hogs continue to struggle to recover despite higher cash cattle trade in the north. When will they bottom? John Payne of Hedge Point Global Markets has the update.
Funds Sell in Soy Complex Pulling Down Corn: Livestock Struggle to Hold Gains, When Will They Bottom?
Soybean make new lows for the move with more fund selling and lower products, that’s pulled down corn and CH wheat. Cattle and hogs continue to struggle to recover. John Payne, Hedge Point Global Markets has more.
March 23, 2023 12:21 PM
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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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