Grains and hogs see corrective buying with help from outside markets, especially sharp drop in the dollar...plus China easing its COVID policy. Cattle are seeing profit taking. Michelle Rook w/Pat Von Tersch of Professional Ag Marketing.
Grains and Hogs Mostly Higher on Corrective Buying, Sharply Lower Dollar, China Easing COVID Policy: Profit Taking in Cattle
Grains and hogs see corrective buying with help from sharp drop in dollar...plus China easing its COVID policy. Cattle are seeing profit taking. Michelle Rook w/Pat Von Tersch of Professional Ag Marketing.
November 11, 2022 09:01 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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