Soybeans see follow through buying with dry conditions continuing in Argentina, wheat is seeing more technical selling and corn is again caught in the middle. Cattle and hogs are mixed. Michelle Rook talks with Vince Boddicker of Farmers Trading Company.
Grain and Livestock Futures Mixed in Early Trading
Follow through buying in soybeans with dryness in Argentina, more technical selling in wheat, corn is caught in the middle. Cattle and hogs are mixed. Michelle Rook with Vince Boddicker Farmers Trading Company.
November 29, 2022 08:56 AM
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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.
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