Grain and cattle markets mostly lower with risk off selling tied to the jobs data which sent the dollar higher. Grains could post higher weekly closes and corn and wheat are finding some good end user demand as prices are competitive. Meanwhile, soybean and cattle charts look tough. Kevin Duling, KD Investors, explains.
Grains and Cattle Lower as Jobs Data Hits Outside Markets: Corn and Wheat Prices Competitive, Stimulate Demand
Grain and cattle lower with risk off selling tied to the jobs data. Corn and wheat are seeing supportive end user demand. Meanwhile soybean and cattle charts look tough. Kevin Duling, KD Investors, explains.
October 06, 2023 09:29 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
The change implements provisions in the One Big Beautiful Bill Act and updates long-standing Farm Service Agency rules that had capped many entity-based operations at a single payment limit.
