Grains ended mixed with the lower dollar providing support as well as higher energy prices lifting soybean oil and soybeans. Cattle and hogs were mostly higher with strong cash, but trading within recent highs. Michelle Rook gets insight from Bryan Doherty of Total Farm Marketing.
Grains End Mixed with Lower Dollar, Higher Energy Prices Supportive: Livestock Mostly Higher Pushed by Cash
Grains ended mixed with a lower dollar and higher energies providing support. Livestock mostly higher with strong cash but traded within recent highs. Michelle Rook talks to Bryan Doherty, Total Farm Marketing.
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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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