Corn and wheat closed mostly higher with technical buying, despite the higher dollar. However, soybeans saw harvest pressure and the lower meal market a drag, along with the lack of weather issues during South American planting. Livestock closed higher with a corrective bounce but will there be any follow through buying? Michelle Rook talks to Shawn Hackett of Hackett Financial Advisors.
Grains Close Mostly Higher Except Soybeans Despite Dollar Strength: Corrective Buying in Livestock
Corn and wheat closed mostly higher on technical buying, with harvest pressure in soybeans. Livestock closed higher with a corrective bounce. Michelle Rook talks to Shawn Hackett of Hackett Financial Advisors.
October 05, 2022 03:50 PM
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.
