Grains and cotton end higher on the partial easing of China’s COVID policies, higher crude oil and the lower dollar, continuing to digest the CPI data. Cattle saw profit taking. Michelle Rook wraps up the week with Tommy Grisafi of Advance Trading.
Grains, Cotton End Higher on China COVID News, Lower Dollar: Profit Taking in Cattle
Grains and cotton higher on easing China COVID policies, higher crude oil, sharply lower dollar, continuing to digest the CPI data. Cattle saw profit taking. Michelle Rook w/ Tommy Grisafi of Advance Trading.
November 11, 2022 03:47 PM
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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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