Grains and cattle under pressure with risk off outside markets, including sharply higher dollar after Fed move. Exports, cash prices also drivers. Michelle Rook talks with Darin Newsome of Darin Newsome Analysis.
Grains and Cattle Under Pressure with Risk Off Outside Markets, Sharply Higher Dollar: Markets Focus on Exports vs. Domestic Demand
Grains and cattle under pressure with risk off outside markets, including sharply higher dollar after Fed move. Exports, cash prices also drivers. Michelle Rook talks with Darin Newsome of Darin Newsome Analysis.
November 03, 2022 08:54 AM
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Dave Chatterton with Strategic Farm Marketing says funds have sold and liquidated hard the last three weeks in the corn market and while they took their foot off the gas on Monday he doesn’t think the selling is done.
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.
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