Grains end lower Friday with risk off in outside markets including a surge in the dollar and lower crude oil, poor weekly exports and hedge pressure also weighed on the market. Cattle ended lower, a disappointment after the highest cash trade levels since 2015, while hogs were mostly higher on technical buying and export demand. Michelle Rook gets analysis with Mark Schultz of Northstar Commodity.
Grains End Lower on Higher Dollar and Poor Exports: Cattle Disappoint After Cash High for Year, While Hogs Get an Export Boost
Grains end lower with risk off outside markets and poor weekly exports. Cattle failed to rally on higher cash, while export demand supported hogs. Michelle Rook talks to Mark Schultz of Northstar Commodity.
October 14, 2022 02:10 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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