Grain prices mostly higher, except wheat in a risk on day with outside markets like crude oil higher and the dollar sharply lower. What will it take to get corn and soybeans to close above $7 and $14? A disappointing day in livestock futures which faded the equity rally and saw more fund selling on early strength. Michelle Rook has analysis with Brian Grete of Pro Farmer.
Grain Prices Mostly Higher Except Wheat, in a Risk on Day: Livestock Continue to See Fund Liquidation
Grain prices mostly higher, except wheat, in a risk on day, while livestock faded higher equities as funds liquidated. Michelle Rook talks with Brian Grete of Pro Farmer.
October 04, 2022 02:55 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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