Grains still lower with the risk off day, lower crude oil, disappointing exports and rain chances in wheat areas, plus some profit taking and technical selling as we took out support areas. Cattle are trying to rebound with the discount to cash with some sales in NE at 288/183. Hogs back lower with the cash failing to bottom. Vince Boddicker with Farmers Trading Company has more.
Grains Down on Profit Taking in Another Risk Off Day, Weather Weighs on Wheat: Cattle Rebound, But Hogs Down with Cash:
Grains lower w/risk off day, slow exports, rain chances in wheat areas, profit taking. Cattle rebound w/the discount to cash, some sales in NE at 288/183. Hogs down w/cash. Vince Boddicker, Farmers Trading Company
April 20, 2023 11:36 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
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
