Grain prices mixed early with corn and soybeans seeing a corrective bounce and getting help from the energy sector, while wheat is also seeing profit taking with new highs in the dollar and poor exports. Livestock are seeing early pressure on continued consolidation and lower product values, the higher dollar also is negative. Michelle Rook gets analysis with Rich Nelson of Allendale.
Grain Prices Open Mixed with Corrective Action, Livestock Under Pressure: News High in Dollar Eyed
Grain prices mixed with a corrective bounce in row crops, profit taking in wheat with new highs in the dollar. Livestock lower on consolidation. Michelle Rook gets analysis with Rich Nelson of Allendale.
September 22, 2022 08:53 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.
