Grain and livestock prices are seeing mixed action with many markets consolidating as they hit chart or technical resistance. The market is posturing as well ahead of the Fed announcement and awaiting fresh news out of the Black Sea. The U.S. dollar index made new highs again and crude oil is lower so that is also having an impact on action. Michelle Rook is joined by Oliver Sloup of Blue Line Futures.
Grain and Livestock Prices Mixed: Trade Fed News, Strong Dollar, Black Sea Updates
Grain and livestock prices are mixed with many markets consolidating with the strong dollar and awaiting the Fed and Black Sea news. Michelle Rook is joined by Oliver Sloup of Blue Line Futures.
September 21, 2022 11:20 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.
