Fund buying has corn and soybeans up with SA crop concerns and meal making contract highs, but both have hit chart resistance. Wheat is following row crops but still putting in war premium with Russia’s concerns about the Black Sea Export Initiative. Live cattle make contract highs with higher cash. Randy Martinson of Martinson Ag has more.
Grains All Higher with SA Crop Concerns, Higher Meal, Black Sea Export Uncertainty: Live Cattle Make Contract Highs Again
Corn, beans up with SA concerns & meal into contract highs, but both hit chart resistance. Wheat following, putting in war premium. Live cattle hit contract highs with higher cash. Randy Martinson of Martinson Ag.
February 13, 2023 11:39 AM
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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.
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Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?
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